Pentair Q2 2026: sales down 17.0% as Pool destock drives EPS miss
Pentair's Q2 2026 was a Pool problem, not a company-wide collapse: revenue fell 17.0% to $932.6 million and adjusted EPS of $1.14 missed the $1.21 consensus. Flow and Water Solutions kept expanding margins and free cash flow stayed above $550 million, so the damage is concentrated. The open question is whether this is a one-time channel reset, as management says, or something slower.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $0.80 was down 11.1% from $0.90, and adjusted EPS of $1.14 was down 18.0% from $1.39. Against the $1.21 consensus estimate, adjusted EPS missed by about 5.6%, which is a modest gap after a preannouncement but still a miss. Results included approximately $35 million of IEEPA refunds, so the underlying quarter was weaker than the headline numbers suggest.
Revenue of $932.6 million was down 17.0% from $1.12 billion a year earlier, with core sales down 17.3% after stripping out currency and deal effects. Essentially all of the drop came from Pool, where sales fell 42.3%; Flow rose 5.1% and Water Solutions fell 5.1%. The company ties roughly $170 million of the decline to a Pool channel inventory destock it flagged on July 14.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.