CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Pentair Q3 sales beat estimates on water solutions growth; reaffirms profit guidance

By Reuters News


Overview

  • Water solutions provider's Q3 sales fell 4% but beat analyst expectations

  • Adjusted EPS for Q3 declined 5% but beat analyst expectations

  • Company reaffirmed full-year adjusted EPS guidance and expects FY sales to decline 3%


Outlook

  • Pentair updates 2026 GAAP EPS guidance to approx $3.76, from prior guidance

  • Company reaffirms 2026 adjusted EPS midpoint of approx $4.70

  • Pentair expects 2026 sales to be down approx 3% on a reported basis

  • Company expects Q4 sales to rise approx 7% to 9% year-over-year

  • Pentair introduces Q4 2026 GAAP EPS guidance of approx $1.07 and adjusted EPS of approx $1.15


Result Drivers

  • POOL SEGMENT WEAKNESS - Co said Pool sales declined 18% due to completion of inventory realignment with major channel partners

  • FLOW AND WATER SOLUTIONS GROWTH - Co reported Flow sales up 4% and Water Solutions sales up 1%, with segment income rising in both areas

  • IEEPA REFUNDS - Co results included approx $8 mln of International Emergency Economic Powers Act refunds in the quarter


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$976.40 mln

$963.61 mln (15 Analysts)

Q3 Adjusted EPS

Beat

$1.18

$1.08 (14 Analysts)

Q3 EPS

$0.91

Q3 Net Income

$145.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Pentair plc is $70.00, about 26.8% above its October 26 closing price of $55.22

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 27 - Herc Holdings Q3 revenue slightly beats on improved fleet efficiency

  • Oct 26 - Simpson Manufacturing Q3 sales beat estimates, aided by pricing actions

  • Oct 26 - Nucor beats Q3 sales estimates on steel mills unit growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.