Pentair PNR
Pentair reports Q3 2026 revenue of $976.4M
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0000077360-26-000058
- Revenue: $976.4 million for the three months ended Sep 30, 2026
- Net income: $145.1 million for the three months ended Sep 30, 2026
- Diluted EPS: $0.91 for the three months ended Sep 30, 2026
- Cash and equivalents: $74 million at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
2 new risk factors · 2 new legal mentions
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $976.4M | $932.6M | +4.7% |
| Operating income and margin | $195.9M · 20.1% | $166.5M · 17.9% | +18%, margin +2.2 pts |
| Net income | $145.1M | $128.6M | +13% |
| Cash | $74M | $91.8M | −19% |
New risk factors (2)
- On October 1, 2026, we borrowed $1.4 billion to finance a portion of the purchase price for the Taco acquisition and pay related fees and expenses. This borrowing is in addition to the $1,484.1 million of total debt on a consolidated basis we had as of September 30, 2026. We and our subsidiaries may incur additional…
- We are currently, and may in the future become, subject to litigation and other claims. These legal proceedings are typically claims that relate to our products or services or to the conduct of our businesses and include, without limitation, claims relating to commercial, regulatory or contractual disputes with…
New legal mentions (2)
- Pentair plc, along with certain current and former executives, was sued by shareholders in a putative securities class action filed in August of 2026 in the U.S. District Court for the District of Minnesota. +2 more paragraphs
- Refer to Legal proceedings within Note 1 6 , Commitments and Contingencies, of the condensed consolidated financial statements included in Item 1 of Part I of this Form 10-Q, which is incorporated by reference in response to this item, for information regarding legal and regulatory proceedings we are involved in.
The reading, claim by claim
- In its statements of operations (in millions), three-month net sales were $976.4 million versus $1,022.0 million a year earlier.
- Operating income was $195.9 million versus $231.7 million.
- Diluted earnings per ordinary share were $0.91 versus $1.12.
- Net income was $446.1 million, including $11.6 million of income from discontinued operations, versus $487.7 million.
- The cash flow statement shows net cash provided by operating activities of $673.7 million for the nine months, versus $764.0 million a year earlier.
- Repurchases of ordinary shares were $350.0 million versus $175.0 million, and dividends paid were $130.8 million versus $123.3 million.
- The balance sheet shows cash and cash equivalents of $74.0 million at September 30, 2026, versus $101.6 million at December 31, 2025.
- Long-term debt was $1,484.1 million versus $1,638.6 million, and total equity was $3,859.8 million versus $3,869.2 million.
8 of 10 claims matched the filing text.
Not found in the filing text
- For the nine months ended September 30, 2026, net sales were $2,945.7 million versus $3,155.5 million.
- Diluted earnings per ordinary share were $2.76 versus $2.94.
From the filing's financial data, not stated in its text
From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026
- For the quarter ended September 30, 2026, it reported revenue of $976.4 million and net income of $145.1 million, with a revenue change from a year earlier of -4.5%.
From the filing
ITEM 1. FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS
Pentair plc and Subsidiaries
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)
Three months ended Nine months ended
In millions, except per-share data September 30,
2025
Selling, general and administrative
175.9 162.2 579.6 552.6
Research and development
Other expense
Loss on sale of business — — — 26.3
Income from discontinued operations, net of tax — — 11.6 —4
Net income $ 145.1 $ 184.3 $ 446.1 $ 487.74
Comprehensive income, net of tax
Earnings per ordinary share
Basic
Continuing operations $ 0.91 $ 1.13 $ 2.70 $ 2.97
Discontinued operations — — 0.07 —
Basic earnings per ordinary share $ 0.91 $ 1.13 $ 2.77 $ 2.97
Diluted
Continuing operations $ 0.91 $ 1.12 $ 2.69 $ 2.94
Discontinued operations — — 0.07 —
Diluted earnings per ordinary share $ 0.91 $ 1.12 $ 2.76 $ 2.943
Weighted average ordinary shares outstanding
See accompanying notes to condensed consolidated financial statements.
3
Table of Contents
Pentair plc and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
September 30,
2026 December 31,
2025
In millions, except per-share data
Assets
Current assets
Cash and cash equivalents $ 74.0 $ 101.67
Accounts receivable, net of allowances of $ 5.2 and $ 6.8 , respectively
Property, plant and equipment, net 381.1 376.8
Other assets
Liabilities and Equity
Current liabilities
Other liabilities
Long-term debt 1,484.1 1,638.68
Pension and other post-retirement compensation and benefits 55.6 58.8
Commitments and contingencies (Note 16)
Equity
See accompanying notes to condensed consolidated financial statements.
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Table of Contents
Pentair plc and Subsidiaries
Condensed Consolidated Statements of Cash Flows (Unaudited)
Nine months ended
In millions September 30,
2026 September 30,
2025
Operating activities
Net income $ 446.1 $ 487.7
Income from discontinued operations, net of tax
( 11.6 ) —
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities
Equity income of unconsolidated subsidiaries ( 1.1 ) ( 0.8 )
Loss on sale of business
— 26.3
Share-based compensation 23.6 27.3
Asset impairment and write-offs — 48.5
Amortization of bridge financing fees 4.9 —
Changes in assets and liabilities, net of effects of business acquisitions
Other non-current assets and liabilities 1.6 9.3
Net cash provided by operating activities 673.7 764.05
Investing activities
Capital expenditures ( 54.2 ) ( 45.1 )
Purchase of investments
— ( 18.0 )
Proceeds from sale of property and equipment 0.4 0.1
Acquisitions, net of cash acquired — ( 292.2 )
Other ( 1.5 ) 0.9
Net cash used for investing activities ( 55.3 ) ( 354.3 )
Financing activities
Net repayments of short-term borrowings
— ( 9.3 )
Net (repayments) borrowings of revolving long-term debt ( 77.0 ) 210.5
Proceeds from long-term debt 500.0 —
Repayments of long-term debt ( 575.0 ) ( 269.3 )
Debt issuance costs ( 8.9 ) ( 2.2 )
Payment of contingent consideration ( 3.6 ) —
Shares issued to employees, net of shares withheld ( 9.2 ) ( 2.2 )
Net cash used for financing activities ( 654.5 ) ( 370.8 )
Effect of exchange rate changes on cash and cash equivalents 8.5 ( 29.2 )
Change in cash and cash equivalents ( 27.6 ) 9.7
Cash and cash equivalents, beginning of period 101.6 118.7
Cash and cash equivalents, end of period $ 74.0 $ 128.4
See accompanying notes to condensed consolidated financial statements.
5
Table of Contents
Pentair plc and Subsidiaries
Condensed Consolidated Statements of Changes in Equity (Unaudited)
In millions Ordinary shares Additional paid-in capital Retained earnings Accumulated other comprehensive (loss) income Total
Number Amount
Other comprehensive income, net of tax — — — — 6.6 6.6
Dividends declared, $ 0.27 per share
— — — ( 43.6 ) — ( 43.6 )
S
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