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Pentair plc (NYSE: PNR) reported first-quarter 2026 sales of $1,037 million, up 3% from the same period a year earlier. Excluding currency translation, acquisitions and divestitures, core sales grew 1% in the quarter. First-quarter 2026 earnings per diluted share (EPS) from continuing operations were $0.98, compared with $0.93 in the first quarter of 2025. On an adjusted basis, Pentair reported first-quarter 2026 EPS of $1.22 versus $1.11 a year earlier.
First-quarter 2026 operating income was $210 million, up 3% year over year, and return on sales (ROS) was 20.3%, up 20 basis points from the first quarter of 2025. On an adjusted basis, operating income was $259 million, up 7%, and ROS was 25.0%, up 100 basis points.
Flow: Flow sales increased 11% year over year. Excluding currency translation, acquisitions and divestitures, core sales grew 2%. Reportable segment income was $61 million, up 22%, and ROS was 23.7%, up 210 basis points.
Water Solutions: Water Solutions sales declined 1% year over year. Excluding currency translation, acquisitions and divestitures, core sales grew 1%. Reportable segment income was $100 million, up 6%, and ROS was 25.5%, up 160 basis points.
Pool: Pool sales rose 1% year over year. Excluding currency translation, acquisitions and divestitures, core sales grew 1%. Reportable segment income was $128 million, up 2%, and ROS was 33.1%, up 30 basis points.
Net cash used for operating activities was $67 million for the quarter, compared with $39 million used in the first quarter of 2025. Free cash flow used was $86 million, versus $56 million used in the first quarter of 2025.
Pentair paid a regular cash dividend of $0.27 per share in the first quarter of 2026. The company previously announced that it will pay a regular quarterly cash dividend of $0.27 per share on May 1, 2026 to shareholders of record as of April 17, 2026. Pentair said this marks the 50th consecutive year of dividend increases.
During the first quarter, Pentair repurchased 2.0 million shares for $200 million. As of March 31, 2026, the company reported $800.0 million available under its share repurchase authorization.
Pentair updated its estimated 2026 GAAP EPS from continuing operations to approximately $4.83 to $4.93, up 23% to 25% versus the prior year. Adjusted EPS on a continuing basis was updated to approximately $5.30 to $5.40, up 8% to 10% versus the prior year. The company also updated its estimated full-year 2026 sales to be up approximately 2% to 4% on a reported basis.
For the second quarter of 2026, Pentair introduced guidance of approximately $1.39 to $1.42 for GAAP EPS from continuing operations, up approximately 54% to 58% versus the prior year period. Adjusted EPS for the second quarter is expected to be approximately $1.47 to $1.50, up approximately 6% to 8% versus the prior year period. The company expects second-quarter sales to be up approximately 1% on a reported basis compared with the second quarter of 2025.
Pentair President and Chief Executive Officer John L. Stauch said continued execution across its Move, Improve and Enjoy Water portfolio, led by Pentair Business System initiatives, drove sales and earnings growth and supported productivity and margin expansion. He also referenced the company’s March Investor Day, where Pentair outlined its long-term growth strategy and margin expansion opportunity over the next three years.
Pentair said that effective January 1, 2026, it reorganized the composition of its Flow and Water Solutions reportable segments. The company moved its legacy residential and irrigation flow business from the Flow segment into the Water Solutions segment. It said prior-period amounts were retrospectively reclassified to conform to the new composition and that the changes have no impact on historical consolidated financial performance or results of operations.
Pentair said CEO John L. Stauch and CFO Nicholas J. Brazis will discuss first-quarter 2026 results on a conference call at 9:00 a.m. Eastern. A live audio webcast and related presentation are available in the Investor Relations section of the company’s website shortly before the call begins.
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