Pentair cuts 2026 guidance on Pool segment inventory destocking

Key facts

• Full year 2026 sales expected to be down approximately 4–7 percent versus prior guide of up 2–4 percent
• Adjusted operating income expected to be down approximately 5–9 percent versus prior guide
• Pool channel destocking estimated to reduce full-year segment sales by approximately $250 million and segment income by approximately $155 million
• Second quarter 2026 sales expected approximately $930 million, down 17 percent versus prior guidance of up approximately 1 percent
• Full year adjusted EPS expected to be approximately $4.60–$4.80 versus prior guide of $5.30–$5.40
• Second quarter adjusted EPS expected approximately $1.12 versus prior guide of $1.47–$1.50
• Pool channel destocking estimated to negatively impact second quarter Pool segment sales by approximately $170 million and income by approximately $105 million
• IEEPA refunds expected approximately $35–$50 million for full year 2026
• Full year net income from continuing operations expected approximately $635–$670 million; EBITDA expected approximately $1,050 million
• Company repurchased approximately 2.0 million shares for $150 million during second quarter 2026

Why it matters

Pentair's Pool segment has been a significant earnings contributor; inventory destocking is causing a material shortfall that pressures both near-term profitability and full-year results, with management attributing the deterioration to higher interest rates, inflation, and channel partner inventory realignment ahead of the 2027 season.

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