Pentair reported third-quarter sales of approximately $976 million on October 27, down 4% from a year earlier, as weaker Pool results outweighed growth in other businesses.
Core sales, excluding currency movements, acquisitions and divestitures, declined 5%.
Diluted earnings from continuing operations fell to 91 cents per share from $1.12. Adjusted earnings declined to $1.18 from $1.24 per share. The adjusted measure excludes specified costs and differs from generally accepted accounting results.
Pool sales fell 18%, and the segment’s reported income declined 38%. Pentair said the quarter reflected completion of an inventory realignment with major distribution partners.
Flow sales increased 4%, while Water Solutions sales rose 1%. Companywide operating income declined 15% to approximately $196 million. Operating cash flow totaled $169 million, compared with $196 million a year earlier.
Management reaffirmed the midpoint of its prior adjusted annual earnings forecast, at approximately $4.70 per share, and expects reported annual sales to decline approximately 3%. Those projections remain subject to future demand and operating conditions.
Sources: Pentair, October 27 financial results: https://pentair.gcs-web.com/news-releases/news-release-details/pentair-reports-third-quarter-2026-results