Pentair plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agricultural applications. It operates through the following ...
Pentair plc (NYSE: PNR) is a water-focused technology and manufacturing company that helps manage and treat water across a wide range of end markets, from homes and commercial facilities to industrial and infrastructure settings. The company’s operating structure is organized around three core segments: Flow, Water Solutions, and Pool. In ...Pentair plc (NYSE: PNR) is a water-focused technology and manufacturing company that helps manage and treat water across a wide range of end markets, from homes and commercial facilities to industrial and infrastructure settings. The company’s operating structure is organized around three core segments: Flow, Water Solutions, and Pool.
In the Flow segment, Pentair designs, manufactures, and sells fluid treatment and pumping products and systems. This includes pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems, advanced membrane filtration, and separation systems, as well as pumps used for water disposal, water supply, fluid transfer, turbine applications, and solid-handling needs. It also supports agricultural applications through equipment such as agricultural spray nozzles. In practice, these offerings are typically used to improve uptime and performance in industrial processing, enhance treatment efficiency in municipal and infrastructure contexts, and enable more reliable water handling in demanding operations.
The Water Solutions segment focuses on water treatment products and systems for both commercial and residential markets, such as pressure tanks, control valves, activated carbon solutions, conventional filtration products, and point-of-entry (POE) and point-of-use (POU) systems. These products are designed to help customers improve water quality, reduce contaminants, and manage water flow reliably in buildings and facilities.
In the Pool segment, Pentair provides energy-efficient residential and commercial pool equipment and accessories, including pumps, filters, heaters, lighting, automatic controls, automatic cleaners, and related maintenance products. This segment emphasizes efficiency and ease of control, supporting both comfort and energy savings for pool owners and facilities.
From a business and financial perspective, Pentair is a large-scale manufacturer and supplier with approximately 9,000 employees serving customers worldwide (reported in the provided material as serving more than 150 countries). While detailed line-item cost models or specific BOM disclosures are not provided in the supplied data, the product portfolio implies complex manufacturing and supply-chain inputs typical for water and fluid systems—such as engineered components, valves, pump assemblies, membranes/filtration media, electronics/controls (especially in pool equipment), and durable metals and plastics. Pentair’s scale and multi-segment footprint generally support economies of distribution, procurement, and engineering across related technologies.
Key leadership includes John L. Stauch, who serves as President and Chief Executive Officer. Pentair was founded in 1966 and is headquartered in London, United Kingdom. As a global company, it balances growth opportunities tied to water quality, water efficiency, and infrastructure needs with the operational realities of manufacturing industries—such as demand cycles, input costs, and regulatory drivers around water treatment and environmental performance.
Overall, Pentair’s stated purpose and investor messaging center on enabling better outcomes for people and the planet through smart, sustainable water solutions—spanning engineered water infrastructure, treatment systems, and customer-facing pool and water management products.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.2B
+2.3%
-10.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$653.8M
+4.5%
-25.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+40.5%
+3.4%
+1.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+20.5%
+4.3%
-11.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+15.7%
+2.2%
-17.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$746.0M
+7.8%
+743.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+17.9%
+5.4%
+815.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
45.6%
-8.0%
-13.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.61x
+0.2%
-22.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to the Pentair Second Quarter 2026 Earnings Conference Call. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Jeffrey Thompson, Vice President, Investor Relations. Please go ahead.
Jeff Thompson: Thank you, operator, and welcome to Pentair's second quarter 2026 earnings conference call. On the call with me are John L. Stauch, our President and Chief Executive Officer and Bob Fishman, our interim chief financial officer. On today's call, we will provide details on our second quarter performance as outlined in this morning's press release. On the Pentair Investor Relations website, you can find our earnings release and slide deck which is intended to supplement our prepared remarks during today's call. And provide a reconciliation of differences between GAAP and non-GAAP financial measures that we will reference. The non-GAAP financial measures provided should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with GAAP. They are included as additional clarifying items to aid investors in further understanding the company's performance. In addition to the impact these items have, these items and events have on the financial results. Before we begin, let me remind you that during our presentation today, we will make forward-looking statements, are predictions, projections, or other statements about future events. Listeners are cautioned that these statements are subject to certain risks and uncertainties many of which are difficult to predict and generally beyond the control of Pentair. These risks and uncertainties can cause actual results to differ materially from our current expectations. Advise listeners to carefully review the risk factors in our recent Form 10-Q and Form 10-K. Please note that during the presentation today, we will be making references to record financial results. These references reflect the time period post the nVent separation in 2018 unless noted otherwise. Following our prepared remarks, we will open the call up for questions. Please limit your questions to two and re-enter the queue to allow everyone an opportunity to participate. I will now turn the call over to John.
John L. Stauch: Thank you, Jeffrey. Good morning, everyone. We appreciate you joining us today. As you saw this morning, in addition to our quarterly results, we announced that we have agreed to acquire Taco Group Holdings, a market leader in hydronic and water-based solutions. This exciting transaction aligns with our strategic priorities and allows us to accelerate our growth trajectory. First, let's begin with an executive summary on slide 4. The second quarter was slightly better than the July 14 preannouncement and reflects efforts to realign pool channel inventory ahead of the 2027 pool season. Pool remains a fantastic business, and we believe it is well …
