Pentair tops quarterly estimates, but lowers annual sales forecast

Pentair

28/04/2026 13:07

April 28 (Reuters) - Water technology firm Pentair PNT.F on Tuesday beat Wall Street estimates for first-quarter profit and revenue on the back of improving margins, but lowered its annual revenue forecast amid sustained weakness in the U.S. housing market.

The London-based company expects its full-year revenue to rise between 2% and 4%, compared with its previous projection of a 3% to 4% growth.

"Our sales growth forecast assumes limited to no U.S. residential recovery and continued expansion across our commercial, industrial and municipal verticals," CEO John Stauch said.

Pentair, which designs water treatment systems as well as pool heaters and maintenance equipment, has been facing slowing demand in its residential end markets.

This reflected a broader slowdown in home improvement and housing-related spending as rising prices and elevated interest rates weighed on consumer affordability.

However, the company has been employing margin expansion initiatives, including pricing actions, cost controls and operational streamlining, which helped offset inflationary pressures.

Pentair's adjusted profit rose 10% from a year ago to $1.22 per share for the January-March period. Quarterly revenue grew 3% to $1.04 billion.

Analysts on average were expecting profit of $1.17 per share and revenue of $1.03 billion in the first quarter, according to data compiled by LSEG.

 (Reporting by Nandan Mandayam in Bengaluru and Aatreyee Dasgupta; Editing by Shreya Biswas)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))