Pentair Reports Third Quarter 2026 Results
• Operating income was $196 million with ROS of 20.1 percent; 24.8 percent on an adjusted basis
• GAAP EPS was $0.91 and adjusted EPS was $1.18 • The Company’s results include approximately $8 million of International Emergency Economic Powers Act (“IEEPA”) refunds during the quarter
• The Company updates its full year 2026 GAAP EPS guidance to approximately $3.76, and reaffirms its previous full year adjusted EPS midpoint of approximately $4.70 Reconciliations of GAAP to Non-GAAP measures are in the attached financial tables. LONDON, United Kingdom — October 27, 2026 — Pentair plc (NYSE: PNR), a leader in helping the world sustainably move, improve and enjoy water, life’s most essential resource, today announced third quarter 2026 sales of $976 million. Sales were down 4 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 5 percent in the third quarter. Third quarter 2026 earnings per diluted share from continuing operations (“EPS”) were $0.91 compared to $1.12 in the third quarter of 2025, a 19 percent decrease. On an adjusted basis, the Company reported third quarter 2026 EPS of $1.18 compared to $1.24 in the third quarter of 2025, reflecting a 5 percent decrease. Adjusted operating income, reportable segment income, adjusted net income, free cash flow and adjusted EPS are described in the attached schedules.
John L. Stauch, Pentair’s President and Chief Executive Officer commented, “We delivered solid third-quarter results across sales, income and EPS. Our teams executed well during the quarter and responded with focus and urgency following a challenging second quarter in our Pool segment. We continue to make progress across our key priorities, while maintaining our commitment to serving customers, driving productivity and managing the business with discipline. We are encouraged by our performance and believe the actions we are taking are strengthening Pentair and positioning us for significant growth in 2027. We remain focused on finishing the year strong, delivering on our commitments and creating long-term value for our shareholders.”
Third quarter 2026 operating income was $196 million, down 15 percent compared to operating income for the third quarter of 2025, and return on sales (“ROS”) was 20.1 percent, a decrease of 260 basis points when compared to the third quarter of 2025. On an adjusted basis, the Company had adjusted operating income of $242 million for the third quarter of 2026, down 8 percent compared to adjusted operating income for the third quarter of 2025, and ROS was 24.8 percent, a decrease of 90 basis points when compared to the third quarter of 2025.
Flow sales were up 4 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 1 percent in the third quarter. Reportable segment income of $69 million was up 15 percent compared to the third quarter of 2025, and ROS was 26.2 percent, an increase of 250 basis points when compared to the third quarter of 2025.
Water Solutions sales were up 1 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales grew 1 percent in the third quarter. Reportable segment income of $121 million was up 16 percent compared to the third quarter of 2025, and ROS was 28.7 percent, an increase of 370 basis points when compared to the third quarter of 2025.
Pool sales were down 18 percent compared to sales for the same period last year. Excluding currency translation, acquisitions and divestitures, core sales declined 18 percent in the third quarter. Reportable segment income of $72 million was down 38 percent compared to the third quarter of 2025, and ROS was 24.6 percent, a decrease of 820 basis points when compared to the third quarter of 2025. Third quarter Pool performance reflected the completion of the inventory realignment with our major channel partners.
Net cash provided by operating activities was $169 million for the quarter compared to $196 million in the third quarter of 2025. Free cash flow for the quarter was $153 million compared to $179 million in the third quarter of 2025. (more)
Pentair paid a regular cash dividend of $0.27 per share in the third quarter of 2026. In addition, Pentair previously announced on September 21, 2026 that it will pay a regular quarterly cash dividend of $0.27 per share on November 6, 2026 to shareholders of record at the close of business on October 23, 2026. This year marks the 50th consecutive year that Pentair has increased its dividend.
Mr. Stauch concluded, “Our solid third-quarter performance increases our confidence in the full-year outlook and enables us to reaffirm the midpoint of our previous guidance range. We remain focused on disciplined execution and building on this momentum as we deliver a strong finish to the year and position ourselves for robust growth in 2027.”
The Company updates its estimated 2026 GAAP EPS from continuing operations to approximately $3.76, and reaffirms the midpoint of its previous guide and expects full year adjusted EPS of approximately $4.70. The Company also updates guidance of its estimated full year 2026 sales to be down approximately 3 percent on a reported basis. The Company’s full year 2026 guidance includes the right-sizing of channel inventory in preparation for the 2027 pool season and the acquisition of Taco Group Holdings (“Taco”).
In addition, the Company introduces estimated fourth quarter 2026 GAAP EPS from continuing operations guidance of approximately $1.07 and adjusted EPS of approximately $1.15. The Company expects fourth quarter sales to be up approximately 7 percent to 9 percent on a reported basis compared to the fourth quarter of 2025.
Pentair President and Chief Executive Officer John L. Stauch, outgoing Interim Executive Vice President and Chief Financial Officer Robert P. Fishman and incoming Executive Vice President and Chief Financial Officer Robert W. Hau will discuss the Company’s third quarter 2026 results on a conference call with investors at 9:00 a.m. Eastern today. A live audio webcast of the call, along with the related presentation, can be accessed in the Investor Relations section of the Company’s website, www.pentair.com , shortly before the call begins.
Reconciliations of non-GAAP financial measures are set forth in the attachments to this release and in the presentations, each of which can be found on Pentair’s website. The webcast and presentations will be archived at the Company’s website following the conclusion of the event.
Effective January 1, 2026, we reorganized the composition of our Flow and Water Solutions reportable segments to reflect how we are managing our business. As a result of this reorganization, our legacy residential and irrigation flow business moved from our Flow segment into our Water Solutions segment. The Pool segment remains unchanged. The applicable prior period amounts related to this change have been retrospectively reclassified to conform to the new composition. These changes have no impact on the Company’s historical consolidated financial performance or results of operations. (more)
This release 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, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “should,” “would,” “could,” “positioned,” “strategy,” or “future” or words, phrases, or terms of similar substance or the negative thereof are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the overall global economic and business conditions impacting our business, including the strength of housing and related markets and conditions relating to international hostilities; supply, demand, logistics, competition and pricing pressures related to and in the markets we serve; the ability to achieve the benefits of our restructuring plans, cost reduction initiatives and Transformation Program; the impact of raw material, logistics and labor costs and other inflation; volatility in currency exchange rates and interest rates; failure of markets to accept new product introductions and enhancements; the ability to successfully identify, finance, complete and integrate acquisitions, including the Taco acquisition; risks associated with operating foreign businesses; the impact of seasonality of sales and weather conditions; our ability to comply with laws and regulations; the impact of changes in laws, regulations and administrative policy, including those that limit U.S. or foreign tax benefits or impact trade agreements and tariffs; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating and sustainability goals and targets. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All forward-looking statements, including all financial forecasts, speak only as of the date of this release. Pentair assumes no obligation, and disclaims any obligation, to update the information contained in this release.
At Pentair, we help the world sustainably move, improve and enjoy water, life’s most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is a core large cap value S&P 500 equity stock fo cused on smart, sustainable water solutions that help our planet and people thrive.
Pentair had revenue in 2025 of approximately $4.2 billion, and trades under the ticker symbol PNR. With approximately 9,000 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit www.pentair.com .
Jeff Thompson Rebecca Osborn Vice President, Investor Relations Vice President, Communications Direct: 763-656-5575 Direct: 763-656-5589 Email:jeff.thompson@pentair.com Email:rebecca.osborn@pentair.com
Pentair plc and Subsidiaries Condensed Consolidated Balance Sheets September 30, December 31, (Unaudited) 2026 2025 ────────────────────────────────────────────────────────────────────────────── In millions Assets Current assets Cash and cash equivalents $ 74.0 $ 101.6 Accounts receivable, net 500.6 673.2 Inventories 655.0 632.6 Other current assets 141.9 134.4 Total current assets 1,371.5 1,541.8 Property, plant and 381.1 376.8 equipment, net Other assets Goodwill 3,518.6 3,538.1 Intangibles, net 1,025.6 1,073.3 Other non-current assets 368.2 338.8 Total other assets 4,912.4 4,950.2 Total assets $ 6,665.0 $ 6,868.8 Liabilities and Equity Current liabilities Accounts payable $ 289.6 $ 301.5 Employee compensation and 107.2 120.1 benefits Other current liabilities 534.4 537.7 Total current liabilities 931.2 959.3 Other liabilities Long-term debt 1,484.1 1,638.6 Pension and other post-retirement 55.6 58.8 compensation and benefits Deferred tax liabilities 44.9 47.5 Other non-current 289.4 295.4 liabilities Total liabilities 2,805.2 2,999.6 Equity 3,859.8 3,869.2 Total liabilities and $ 6,665.0 $ 6,868.8 equity
Pentair plc and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) Nine months ended In millions September 30, September 30, Operating activities 2026 2025 ────────────────────────────────────────────────────────────────────────────── Net income $ 446.1 $ 487.7 Income from discontinued -11.6 — operations, net of tax Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities Equity income of unconsolidated -1.1 -0.8 subsidiaries Depreciation 44.7 44.7 Amortization 46.5 42.4 Deferred income taxes 2.1 20.8 Loss on sale of — 26.3 business Share-based 23.6 27.3 compensation Asset impairment and — 48.5 write-offs Amortization of bridge 4.9 — financing fees Changes in assets and liabilities, net of effects of business acquisitions Accounts receivable 169.2 56.7 Inventories -24.9 -45.7 Other current assets -9.7 -35.8 Accounts payable -8.7 31.2 Employee compensation -11.7 -9.4 and benefits Other current 2.7 60.8 liabilities Other non-current 1.6 9.3 assets and liabilities Net cash provided by operating 673.7 764.0 activities Investing activities Capital expenditures -54.2 -45.1 Purchase of — -18.0 investments Proceeds from sale of property and 0.4 0.1 equipment Acquisitions, net of — -292.2 cash acquired Other -1.5 0.9 Net cash used for -55.3 -354.3 investing activities Financing activities Net repayments of — -9.3 short-term borrowings Net (repayments) borrowings of -77.0 210.5 revolving long-term debt Proceeds from 500.0 — long-term debt Repayments of -575.0 -269.3 long-term debt Debt issuance costs -8.9 -2.2 Payment of contingent -3.6 — consideration Shares issued to employees, net of -9.2 -2.2 shares withheld Repurchases of -350.0 -175.0 ordinary shares Dividends paid -130.8 -123.3 Net cash used for -654.5 -370.8 financing activities Effect of exchange rate changes on cash 8.5 -29.2 and cash equivalents Change in cash and -27.6 9.7 cash equivalents Cash and cash equivalents, beginning 101.6 118.7 of period Cash and cash equivalents, end of $ 74.0 $ 128.4 period
(1) Forecasted intangible amortization does not include the impact of the Taco acquisition on October 1, 2026 as the initial accounting and preliminary purchase price allocation for the acquisition is incomplete. (more)
Full text with the tables
Exhibit 99.1
News Release
Pentair Reports Third Quarter 2026 Results
• Sales of $976 million
• Operating income was $196 million with ROS of 20.1 percent; 24.8 percent on an
adjusted basis
• GAAP EPS was $0.91 and adjusted EPS was $1.18
• The Company’s results include approximately $8 million of International
Emergency Economic Powers Act (“IEEPA”) refunds during the quarter
• The Company updates its full year 2026 GAAP EPS guidance to approximately
$3.76, and reaffirms its previous full year adjusted EPS midpoint of
approximately $4.70
Reconciliations of GAAP to Non-GAAP measures are in the attached financial
tables.
LONDON, United Kingdom — October 27, 2026 — Pentair plc (NYSE: PNR), a leader in
helping the world sustainably move, improve and enjoy water, life’s most
essential resource, today announced third quarter 2026 sales of $976 million.
Sales were down 4 percent compared to sales for the same period last year.
Excluding currency translation, acquisitions and divestitures, core sales
declined 5 percent in the third quarter. Third quarter 2026 earnings per diluted
share from continuing operations (“EPS”) were $0.91 compared to $1.12 in the
third quarter of 2025, a 19 percent decrease. On an adjusted basis, the Company
reported third quarter 2026 EPS of $1.18 compared to $1.24 in the third quarter
of 2025, reflecting a 5 percent decrease. Adjusted operating income, reportable
segment income, adjusted net income, free cash flow and adjusted EPS are
described in the attached schedules.
John L. Stauch, Pentair’s President and Chief Executive Officer commented, “We
delivered solid third-quarter results across sales, income and EPS. Our teams
executed well during the quarter and responded with focus and urgency following
a challenging second quarter in our Pool segment. We continue to make progress
across our key priorities, while maintaining our commitment to serving
customers, driving productivity and managing the business with discipline. We
are encouraged by our performance and believe the actions we are taking are
strengthening Pentair and positioning us for significant growth in 2027. We
remain focused on finishing the year strong, delivering on our commitments and
creating long-term value for our shareholders.”
Third quarter 2026 operating income was $196 million, down 15 percent compared
to operating income for the third quarter of 2025, and return on sales (“ROS”)
was 20.1 percent, a decrease of 260 basis points when compared to the third
quarter of 2025. On an adjusted basis, the Company had adjusted operating income
of $242 million for the third quarter of 2026, down 8 percent compared to
adjusted operating income for the third quarter of 2025, and ROS was 24.8
percent, a decrease of 90 basis points when compared to the third quarter of
2025.
Flow sales were up 4 percent compared to sales for the same period last year.
Excluding currency translation, acquisitions and divestitures, core sales grew 1
percent in the third quarter. Reportable segment income of $69 million was up 15
percent compared to the third quarter of 2025, and ROS was 26.2 percent, an
increase of 250 basis points when compared to the third quarter of 2025.
Water Solutions sales were up 1 percent compared to sales for the same period
last year. Excluding currency translation, acquisitions and divestitures, core
sales grew 1 percent in the third quarter. Reportable segment income of $121
million was up 16 percent compared to the third quarter of 2025, and ROS was
28.7 percent, an increase of 370 basis points when compared to the third quarter
of 2025.
Pool sales were down 18 percent compared to sales for the same period last year.
Excluding currency translation, acquisitions and divestitures, core sales
declined 18 percent in the third quarter. Reportable segment income of $72
million was down 38 percent compared to the third quarter of 2025, and ROS was
24.6 percent, a decrease of 820 basis points when compared to the third quarter
of 2025. Third quarter Pool performance reflected the completion of the
inventory realignment with our major channel partners.
Net cash provided by operating activities was $169 million for the quarter
compared to $196 million in the third quarter of 2025. Free cash flow for the
quarter was $153 million compared to $179 million in the third quarter of 2025.
(more)
2
SHAREHOLDER RETURNS
Pentair paid a regular cash dividend of $0.27 per share in the third quarter of
2026. In addition, Pentair previously announced on September 21, 2026 that it
will pay a regular quarterly cash dividend of $0.27 per share on November 6,
2026 to shareholders of record at the close of business on October 23, 2026.
This year marks the 50th consecutive year that Pentair has increased its
dividend.
OUTLOOK
Mr. Stauch concluded, “Our solid third-quarter performance increases our
confidence in the full-year outlook and enables us to reaffirm the midpoint of
our previous guidance range. We remain focused on disciplined execution and
building on this momentum as we deliver a strong finish to the year and position
ourselves for robust growth in 2027.”
The Company updates its estimated 2026 GAAP EPS from continuing operations to
approximately $3.76, and reaffirms the midpoint of its previous guide and
expects full year adjusted EPS of approximately $4.70. The Company also updates
guidance of its estimated full year 2026 sales to be down approximately 3
percent on a reported basis. The Company’s full year 2026 guidance includes the
right-sizing of channel inventory in preparation for the 2027 pool season and
the acquisition of Taco Group Holdings (“Taco”).
In addition, the Company introduces estimated fourth quarter 2026 GAAP EPS from
continuing operations guidance of approximately $1.07 and adjusted EPS of
approximately $1.15. The Company expects fourth quarter sales to be up
approximately 7 percent to 9 percent on a reported basis compared to the fourth
quarter of 2025.
EARNINGS CONFERENCE CALL
Pentair President and Chief Executive Officer John L. Stauch, outgoing Interim
Executive Vice President and Chief Financial Officer Robert P. Fishman and
incoming Executive Vice President and Chief Financial Officer Robert W. Hau will
discuss the Company’s third quarter 2026 results on a conference call with
investors at 9:00 a.m. Eastern today. A live audio webcast of the call, along
with the related presentation, can be accessed in the Investor Relations section
of the Company’s website, www.pentair.com , shortly before the call begins.
Reconciliations of non-GAAP financial measures are set forth in the attachments
to this release and in the presentations, each of which can be found on
Pentair’s website. The webcast and presentations will be archived at the
Company’s website following the conclusion of the event.
SEGMENT REORGANIZATION
Effective January 1, 2026, we reorganized the composition of our Flow and Water
Solutions reportable segments to reflect how we are managing our business. As a
result of this reorganization, our legacy residential and irrigation flow
business moved from our Flow segment into our Water Solutions segment. The Pool
segment remains unchanged. The applicable prior period amounts related to this
change have been retrospectively reclassified to conform to the new composition.
These changes have no impact on the Company’s historical consolidated financial
performance or results of operations.
(more)
3
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release 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, any statements preceded or followed by
or that include the words “targets,” “plans,” “believes,” “expects,” “intends,”
“will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “should,”
“would,” “could,” “positioned,” “strategy,” or “future” or words, phrases, or
terms of similar substance or the negative thereof are forward-looking
statements. These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond our control, which could cause actual results
to differ materially from those expressed or implied by such forward-looking
statements. These factors include the overall global economic and business
conditions impacting our business, including the strength of housing and related
markets and conditions relating to international hostilities; supply, demand,
logistics, competition and pricing pressures related to and in the markets we
serve; the ability to achieve the benefits of our restructuring plans, cost
reduction initiatives and Transformation Program; the impact of raw material,
logistics and labor costs and other inflation; volatility in currency exchange
rates and interest rates; failure of markets to accept new product introductions
and enhancements; the ability to successfully identify, finance, complete and
integrate acquisitions, including the Taco acquisition; risks associated with
operating foreign businesses; the impact of seasonality of sales and weather
conditions; our ability to comply with laws and regulations; the impact of
changes in laws, regulations and administrative policy, including those that
limit U.S. or foreign tax benefits or impact trade agreements and tariffs; the
outcome of litigation and governmental proceedings; and the ability to achieve
our long-term strategic operating and sustainability goals and targets.
Additional information concerning these and other factors is contained in our
filings with the U.S. Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended December 31, 2025 and our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2026. All forward-looking
statements, including all financial forecasts, speak only as of the date of this
release. Pentair assumes no obligation, and disclaims any obligation, to update
the information contained in this release.
ABOUT PENTAIR PLC
At Pentair, we help the world sustainably move, improve and enjoy water, life’s
most essential resource. From our residential and commercial water solutions, to
industrial water management and everything in between, Pentair is a core large
cap value S&P 500 equity stock fo cused on smart, sustainable water solutions
that help our planet and people thrive.
Pentair had revenue in 2025 of approximately $4.2 billion, and trades under the
ticker symbol PNR. With approximately 9,000 global employees serving customers
in more than 150 countries, we work to help improve lives and the environment
around the world. To learn more, visit www.pentair.com .
PENTAIR CONTACTS
Jeff Thompson Rebecca Osborn
Vice President, Investor Relations Vice President, Communications
Direct: 763-656-5575 Direct: 763-656-5589
Email:jeff.thompson@pentair.com Email:rebecca.osborn@pentair.com
(more)
4
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(more)
5
Pentair plc and
Subsidiaries
Condensed Consolidated
Balance Sheets September 30, December 31,
(Unaudited) 2026 2025
──────────────────────────────────────────────────────────────────────────────
In millions
Assets
Current assets
Cash and cash equivalents $ 74.0 $ 101.6
Accounts receivable, net 500.6 673.2
Inventories 655.0 632.6
Other current assets 141.9 134.4
Total current assets 1,371.5 1,541.8
Property, plant and 381.1 376.8
equipment, net
Other assets
Goodwill 3,518.6 3,538.1
Intangibles, net 1,025.6 1,073.3
Other non-current assets 368.2 338.8
Total other assets 4,912.4 4,950.2
Total assets $ 6,665.0 $ 6,868.8
Liabilities and Equity
Current liabilities
Accounts payable $ 289.6 $ 301.5
Employee compensation and 107.2 120.1
benefits
Other current liabilities 534.4 537.7
Total current liabilities 931.2 959.3
Other liabilities
Long-term debt 1,484.1 1,638.6
Pension and other
post-retirement 55.6 58.8
compensation and benefits
Deferred tax liabilities 44.9 47.5
Other non-current 289.4 295.4
liabilities
Total liabilities 2,805.2 2,999.6
Equity 3,859.8 3,869.2
Total liabilities and $ 6,665.0 $ 6,868.8
equity
(more)
6
Pentair plc and
Subsidiaries
Condensed Consolidated
Statements of Cash
Flows (Unaudited) Nine months ended
In millions September 30, September 30,
Operating activities 2026 2025
──────────────────────────────────────────────────────────────────────────────
Net income $ 446.1 $ 487.7
Income from
discontinued -11.6 —
operations, net
of tax
Adjustments to
reconcile net income
from
continuing operations
to net cash
provided by (used for)
operating
activities
Equity income of
unconsolidated -1.1 -0.8
subsidiaries
Depreciation 44.7 44.7
Amortization 46.5 42.4
Deferred income taxes 2.1 20.8
Loss on sale of — 26.3
business
Share-based 23.6 27.3
compensation
Asset impairment and — 48.5
write-offs
Amortization of bridge 4.9 —
financing fees
Changes in assets and
liabilities, net
of effects of business
acquisitions
Accounts receivable 169.2 56.7
Inventories -24.9 -45.7
Other current assets -9.7 -35.8
Accounts payable -8.7 31.2
Employee compensation -11.7 -9.4
and benefits
Other current 2.7 60.8
liabilities
Other non-current 1.6 9.3
assets and liabilities
Net cash provided by
operating 673.7 764.0
activities
Investing activities
Capital expenditures -54.2 -45.1
Purchase of — -18.0
investments
Proceeds from sale of
property and 0.4 0.1
equipment
Acquisitions, net of — -292.2
cash acquired
Other -1.5 0.9
Net cash used for -55.3 -354.3
investing activities
Financing activities
Net repayments of — -9.3
short-term borrowings
Net (repayments)
borrowings of -77.0 210.5
revolving
long-term debt
Proceeds from 500.0 —
long-term debt
Repayments of -575.0 -269.3
long-term debt
Debt issuance costs -8.9 -2.2
Payment of contingent -3.6 —
consideration
Shares issued to
employees, net of -9.2 -2.2
shares withheld
Repurchases of -350.0 -175.0
ordinary shares
Dividends paid -130.8 -123.3
Net cash used for -654.5 -370.8
financing activities
Effect of exchange
rate changes on cash 8.5 -29.2
and cash equivalents
Change in cash and -27.6 9.7
cash equivalents
Cash and cash
equivalents, beginning 101.6 118.7
of
period
Cash and cash
equivalents, end of $ 74.0 $ 128.4
period
(more)
7
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Flow In mont… 31, months 30, months 30, months 30,
(Un… mill… ended 2026 ended 2026 ended 2026 ended 2026
──────────────────────────────────────────────────────────────────────────────
Net
cash
(us…
for) $ -67.4 $ 571.8 $ 169.3 $ 673.7
pro…
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Cap… -18.5 -18.9 -16.8 -54.2
exp…
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from
sale
of 0.2 — 0.2 0.4
pro…
and
equ…
Free
cash $ -85.7 $ 552.9 $ 152.7 $ 619.9
flow
Three March Three June Three Sept… Nine Sept…
In mont… 31, months 30, months 30, months 30,
mill… ended 2025 ended 2025 ended 2025 ended 2025
──────────────────────────────────────────────────────────────────────────────
Net
cash
(us…
for) $ -38.9 $ 606.6 $ 196.3 $ 764.0
pro…
by
ope…
act…
Cap… -16.8 -10.9 -17.4 -45.1
exp…
Pro…
from
sale
of — 0.1 — 0.1
pro…
and
equ…
Free
cash $ -55.7 $ 595.8 $ 178.9 $ 719.0
flow
(more)
8
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──────────────────────────────────────────────────────────────────────────────
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(more)
9
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(1) Forecasted intangible amortization does not include the impact of the Taco
acquisition on October 1, 2026 as the initial accounting and preliminary
purchase price allocation for the acquisition is incomplete.
(more)
10
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──────────────────────────────────────────────────────────────────────────────
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Pent…
plc
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of
Net
Sales
Grow…
to
Core
Net
Sales
Grow…
by
Repo…
Segm…
For
the
Quar…
Ended
Sept…
30, Q3 Net
2026 Sales
(Una… Growth
──────────────────────────────────────────────────────────────────────────────
Core Curre… Acq. / Total
Div.
Total -5.5 % — % 1.0 % -4.5 %
Pent…
Flow 1.0 % -0.5 % 3.9 % 4.4 %
Water 1.2 % 0.2 % — % 1.4 %
Solu…
Pool -17.8 % 0.1 % — % -17.7 %