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PNR News
PNR Events
Pentair Appoints Bob Hau as CFO
Pentair (PNR) announced that Bob Hau has joined the company and will assume the role of Executive Vice President and CFO, effective November 1. Bob Fishman, currently serving as interim Executive Vice President and CFO, will remain with Pentair through November 1 to help ensure a smooth transition. Bob Hau brings deep finance experience across the technology and industrial sectors, including more than 16 years as a CFO for public companies. Most recently, he served as Executive Vice President and CFO at Fiserv (FISV) from 2016 to 2025.
Pentair Q2 Revenue $933M Below Expectations
Reports Q2 revenue $933M, consensus $956.3M. John Stauch, Pentair's President and Chief Executive Officer commented, "As shared in the July 14th preannouncement, our results were below expectations due primarily to a larger-than-anticipated inventory correction in the Pool channel. We are confident this is a temporary channel reset rather than a change in the underlying long-term opportunity for the business and are taking swift actions to improve execution, enhance inventory visibility and support healthier order patterns, positioning our Pool business to deliver robust growth in 2027. Importantly, Flow and Water Solutions continued to deliver solid performance and are progressing against their respective growth priorities. We remain focused on executing our clear plan to expand in key growth markets, advance innovation and deliver exceptional customer service to drive long-term profitable growth and shareholder value."
Company Reaffirms 2026 Sales Guidance Down 4%-7%
The company also reaffirms guidance provided on July 14 of its estimated full year 2026 sales to be down approximately 4 percent to 7 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. The company's full year guidance for 2026 does not include the anticipated acquisition of Taco Group Holdings.
Pentair to Acquire Taco Group for Approximately $1.4B
Pentair announced that it has entered into a definitive agreement to acquire Taco Group Holdings for approximately $1.4B subject to customary adjustments. The purchase price represents a multiple of approximately 10.5x 2026E EBITDA, including approximately $165M in tax benefits and approximately $30M in anticipated run-rate cost synergies. The transaction is expected to be approximately $0.10 to $0.15 accretive to Adjusted EPS in fiscal year 2027. Pentair expects to generate approximately $30M in run-rate cost synergies related to supply chain and operational efficiencies. The company will apply its Pentair Business System to realize revenue synergies through complementary channels, expanded cross-selling and greater scale. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions and necessary regulatory approvals. Pentair expects to finance the acquisition with a combination of cash on hand and committed bridge financing, which Pentair intends to refinance through a permanent debt issuance. Upon completion of the transaction, Taco is planned to be a part of Pentair's Water Solutions reportable segment, and it is expected to continue to go-to-market under the Taco brand. Taco will maintain a significant presence in Cranston, Rhode Island.
Company Expects Q3 Sales to Decrease by 4% to 6%
The company expects third quarter sales to be down approximately 4 percent to 6 percent on a reported basis compared to the third quarter of 2025 as we right-size channel inventory in preparation of the 2027 pool season. Q3 consensus $977.46M.
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