Pentair reports Q2 sales decline and lowers 2026 GAAP EPS guidance

Pentair reported second-quarter 2026 sales of $933 million, down 17% year over year, while GAAP EPS fell to $0.80 from $0.90 and adjusted EPS declined to $1.14 from $1.39; results included about $35 million of IEEPA refunds and a $170 million Pool-channel inventory destocking impact. The company lowered full-year 2026 GAAP EPS guidance to approximately $3.86-$4.06, reaffirmed adjusted EPS guidance of $4.60-$4.80 and plans to repurchase $150 million of shares during the quarter.