Pentair plc Reports Q2 2026 Earnings; Issues Press Release

What Happened

• On July 28, 2026, Pentair plc (PNR) filed an 8-K to announce its second-quarter 2026 earnings and a related conference call. A press release announcing the results was attached as Exhibit 99.1. The filing explains the company’s use of several non‑GAAP financial measures and provides reconciliations to GAAP results.

Key Details

• Filing date: July 28, 2026; press release attached as Exhibit 99.1.
• Non‑GAAP measures disclosed: core sales, adjusted operating income, adjusted return on sales, adjusted net income from continuing operations, adjusted diluted EPS from continuing operations, and free cash flow.
• Definitions/adjustments:
  • “Core sales” = GAAP net sales from continuing operations excluding currency translation and net sales from acquisitions within their first year.
  • 2026 adjusted metrics exclude equity income of unconsolidated subsidiaries, intangible amortization, certain restructuring/transformation costs and certain tax items.
  • 2025 adjusted metrics also exclude items such as legal accrual adjustments and settlements, impairments/write-offs, loss on sale of business, deal-related costs, pension/post‑retirement mark‑to‑market losses, and certain tax items.
• Compensation link: adjusted EPS is used for long‑term incentive awards; adjusted operating income and free cash flow are used for annual incentive compensation.

Why It Matters

• The 8‑K signals Pentair is presenting its quarterly results with supplemental non‑GAAP measures intended to show underlying operational performance (core sales, adjusted operating income, adjusted EPS) and liquidity (free cash flow). For investors, these metrics clarify how management evaluates run‑rate performance, incentive pay criteria, and cash available for dividends, buybacks or debt repayment. Review the attached press release and reconciliations to compare the company’s GAAP results with the adjusted figures.