Pentair Plc. · NYSE:PNR
Pentair — Q1 2026 Earnings Presentation
34 slides from Pentair's earnings presentation, Apr 28, 2026
Slide 1: Q1 2026 Earnings Release
- Picture to be updated Q1 2026 EARNINGS RELEASE APRIL 28, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation
Slide 3: Key Definitions
Key Definitions • Except as otherwise noted, our results represent continuing operations for the period indicated, presented on an adjusted basis • Core sales refers to GAAP net sales from continuing operations excluding: (1) the impact of currency translation and (2) the impact of net sales from ac
Slide 4: Our Long-Term Strategy
Our Long-Term Strategy Helping Our Customers Move, Improve, and Enjoy Water, Life’s Most Essential Resource 1 Our balanced water portfolio is uniquely positioned to deliver superior value 2 Innovation and elite customer experiences expected to accelerate growth 3 Expect profitable growth and operati
Slide 5: Executive Summary
Executive Summary Strong financial performance driven by resilient business model and continued execution Adjusted Operating Sales ROS Adjusted EPS Income ❑ Q1’26 Performance: $1,037M $259M $1,010M $243M 25.0% $1.22 $1.11 − Sales up 3% 24.0% − Adjusted Operating Income up 7% 3% 7% 100 bps 10% YoY Yo
Slide 6: Strategic Actions Driving Performance
Strategic Actions Driving Performance • Solid Q1, with all 3 segments achieving revenue and segment income expectations as well as improved ROS performance • We expect our resilient business model will allow us to mitigate incremental tariff and inflation increases which are expected to be ~neutral
Slide 7: Q1'26 Pentair Performance
Q1’26 Pentair Performance Sales Adjusted Operating Income $1,010M $54M $21M $1,037M $39M $1M ($6M) $21M $259M ($42M) $243M 3% ($45M) 7% YoY YoY ROS ROS (4 pts) 5 pts (1 pt) 3 pts 3 pts 24.0% 3.8% (0.4%) (4.5%) 2.1% 25.0% (1 pt) Vol/Price Q1’25 Volume Price Acq./Div. FX Q1’26 Q1’25 FX Inflation Prod.
Slide 8: Q1'26 Flow Performance
Move Water Q1’26 Flow Performance Sales Segment Income $10M $258M $16M $1M $10M $1M $61M $8M $233M 11% ($7M) YoY $50M 22% ($3M) YoY ROS ROS (2 pts) 4 pts 4 pts 5 pts 11 pts 21.6% 4.7% (0.3%) (2.9%) 0.6% 23.7% (1 pt) Vol/Price Q1’25 Volume Price Acq./Div. FX Q1’26 Q1’25 FX Inflation Prod. Q1’26 Acq./
Slide 9: Q1'26 Water Solutions Performance
Improve Water Q1’26 Water Solutions Performance Sales Segment Income $393M $21M $10M $391M $11M Flat $94M $12M $100M ($17M) ($16M) ($17M) (1%) 6% YoY YoY ROS ROS (4 pts) 5 pts (4 pts) 2 pts (1 pt) 23.9% 3.6% (0.7%) (4.4%) 3.1% 25.5% (1 pt) Vol/Price Q1’25 Volume Price Acq./Div. FX Q1’26 Q1’25 FX Inf
Slide 10: Q1'26 Pool Performance
Enjoy Water Q1’26 Pool Performance Sales Segment Income $384M $24M Flat $1M $387M $13M Flat $126M $9M $128M ($22M) ($20M) 1% YoY 2% YoY ROS ROS (5 pts) 6 pts 0 pts 0 pts 1 pt 32.8% 3.3% (0.2%) (5.3%) 2.5% 33.1% (1 pt) Vol/Price Q1’25 Volume Price Acq./Div. FX Q1’26 Q1’25 FX Inflation Prod. Q1’26 Acq
Slide 11: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Debt Summary Cash Flow ($M) $1,944M* Maturity Q1 2026 Q1 2025 Net Income – Continuing Ops $161 $155 $1,086M** ~55% Fixed 2029 – 2032 Amortization 16 14 Subtotal $177 $169 Depreciation 15 15 $858M ~45% Variable 2027 – 2030 Capital Expenditures (18) (17) Asset Sales - - 3/3
Slide 12: Q2 and Full Year 2026 Pentair Outlook & Expectations
Q2 and Full Year 2026 Pentair Outlook & Expectations • Narrowing FY’26 Adjusted EPS guidance range to ~$5.30 to Q2’26 FY’26 $5.40 • Narrowing FY’26 Adjusted Sales Sales Total Sales up ~1% Total Sales up ~2% to 4% Operating Income growth range to ~6% to 8% Income Adjusted Operating Income up ~5% to 6
Slide 13: Pentair is Well-Positioned with an Asset-Lite Model
Pentair is Well-Positioned with an Asset-Lite Model 1 We have a portfolio that has delivered superior value 2 Clear strategy, proven operating model, and an energized leadership team 3 Innovation and elite customer experiences expected to accelerate growth 4 Our strong cash flow and ROIC provide fle
Slide 14: We Believe Pentair is a Compelling Investment Opportunity
We Believe Pentair is a Compelling Investment Opportunity An industry leader with a balanced, innovative water portfolio Transformation initiatives to drive operational efficiencies and margin expansion Sustainability focus on People, Planet and Governance to provide smart, sustainable water solutio
Slide 15: Pentair
> PENTAIR
Slide 16: Pentair Overview
Pentair Overview Reference Slides
Slide 17: Pentair Snapshot (NYSE: PNR)
Pentair Snapshot (NYSE: PNR) Helping the World Sustainably Move, Improve and Enjoy 2025 Sales: $4,176M Water – Life’s Most Essential Resource OEM, Direct, Other ~25% End Markets Focus on Dividend Aristocrat Profitability & Dividend King Trade / Channel Partners 25.2% 50 YEARS ~75% ROS Annual Dividen
Slide 18: Pentair's Multi-Year Performance
Pentair’s Multi-Year Performance A Leader in Helping the World Sustainably Move, Improve and Enjoy Water, Life’s Most Essential Resource Smart, Sustainable Water Solutions MOVE Water IMPROVE Water ENJOY Water $1,799 $4,122 $4,105 $4,083 $4,176 $1,001 $1,636 $1,684 $1,615 $3,765 $960 $961 $1,633 $852
Slide 19: Transformation & 80/20 Continues to Expand Margins
Transformation & 80/20 Continues to Expand Margins Pentair Business System 1 Drove ~$250M in Transformation Savings (2023-2025, net of investments) xity Reduct omple ion C 80/20 Approach 2 Expect to Deliver ~$70M in Transformation and 80/20 Savings in 2026 (net of investments) Sourcing Operational E
Slide 20: Appendix
Appendix GAAP TO NON-GAAP MEASUREMENTS & RECONCILIATIONS
Slide 21: Reported To Adjusted 2026 Reconciliation
Reported To Adjusted 2026 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ending December 31, 2026 Excluding the Effect of 2026 Adjustments (Unaudited) Actual Forecast First Second Full In millions, except per-share data Quarter Quarter
Slide 22: Reported To Adjusted 2025 Reconciliation
Reported To Adjusted 2025 Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Year Ended December 31, 2025 to the Non-GAAP Excluding the Effect of 2025 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quarter Quarter Year Ne
Slide 23: Reported To Adjusted 2024 Reconciliation
Reported To Adjusted 2024 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2024 Excluding the Effect of 2024 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 24: Reported To Adjusted 2023 Reconciliation
Reported To Adjusted 2023 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2023 Excluding the Effect of 2023 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 25: Reported To Adjusted 2022 Reconciliation
Reported To Adjusted 2022 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2022 Excluding the Effect of 2022 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 26: Reported To Adjusted 2021 Reconciliation
Reported To Adjusted 2021 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2021 Excluding the Effect of 2021 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 27: Reported To Adjusted 2019-2020 Reconciliations
Reported To Adjusted 2019-2020 Reconciliations Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Years Ended December 31, 2019 and 2020 Excluding the Effect of 2019 and 2020 Adjustments (Unaudited) In millions, except per-share data 2019 2020 Net sales $ 2,95
Slide 28: Segment Information
Segment Information Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment (Unaudited) 2026 2025 First First In millions Quarter Quarter Net sales Flow $ 258.1 $ 232.6 Water Solutions 391.0 393.5 Pool 387.1 383.9 Reportable segment net sales 1,036.2 1,010.0 Corporate a
Slide 29: Core Sales Growth Reconciliation
Core Sales Growth Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Sales Growth to Core Net Sales Growth by Reportable Segment For the Quarter Ended March 31, 2026 (Unaudited) Q1 Net Sales Growth Core Currency Acq. / Div. Total Total Pentair 1.1 % 2.1 % (0.6) % 2.6 % Flow 2.5 % 4.2
Slide 30: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Operating Activities Cash Flow to the Non-GAAP Free Cash Flow (Unaudited) Three months Three months ended ended March 31, March 31, In millions 2026 2025 Net cash used for operating activities $ (67.4) $ (38.9) Cap
Slide 31: ROIC Reconciliation
ROIC Reconciliation Pentair plc and Subsidiaries Return on Invested Capital (ROIC) (Unaudited) First Second Third Fourth First Quarter Quarter Quarter Quarter Quarter Dollars in millions 2025 2025 2025 2025 2026 Adjusted operating income $ 242.5 $ 296.7 $ 262.6 $ 251.7 $ 259.1 Reported effective tax
Slide 32: Last Twelve Months EBITDA Reconciliation
Last Twelve Months EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA (Unaudited) Second Third Fourth First Last Quarter Quarter Quarter Quarter Twelve In millions 2025 2025 2025 2026 Months Net income from continuing operations $ 148
Slide 33: 2025 EBITDA Reconciliation
2025 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ended December 31, 2025 (Unaudited) In millions FY 2025 Net income from continuing operations $ 649.5 Adjustments: Restructuring and other 31.3 Transformation costs
Slide 34: 2026 EBITDA Reconciliation
2026 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ending December 31, 2026 (Unaudited) Full Year at Midpoint In millions Outlook Net income from continuing operations approx $ 795 Adjustments: Intangible amortizatio