Pentair reported Q4 2025 revenues of $1,021 million, a 5% increase year-over-year, with core sales up 4% after excluding currency impacts, acquisitions and divestitures. GAAP EPS from continuing operations was $0.98, essentially flat with Q4 2024’s $0.99, while adjusted EPS rose to $1.18 from $1.08 a year earlier. Operating income reached $205 million, up 5%, delivering a 20.1% return on sales. On an adjusted basis, operating income was $252 million, a 9% increase, and adjusted return on sales expanded by 90 basis points to 24.7%.

For the full year, Pentair generated $4.2 billion in revenues, up 2% versus 2024, with core sales growth of 2%. GAAP EPS from continuing operations was $3.93, up from $3.74, while adjusted EPS climbed to $4.92 from $4.33. Full-year operating income reached $858 million, up 7%, with a ROS of 20.5%, and adjusted operating income was $1,054 million, a 10% increase, driving a 25.2% adjusted ROS. Operating cash flow totaled $815 million and free cash flow was $748 million. In Q4, the company paid a $0.25 per share dividend and announced a 8% increase to $0.27 for Q1 2026, marking 50 consecutive years of dividend growth.

In Q4, Flow segment sales rose 9%, with core growth of 4%, and segment income jumped 22% to $90 million, boosting ROS by 240 basis points to 22.8%. Pool segment delivered an 11% sales increase and 9% core growth, generating $132 million in income and a 33.6% ROS. Water Solutions faced a 10% revenue decline, with core sales down 4% and segment income down 12% to $55 million, resulting in a 23.5% ROS. For the full year, Flow sales grew 3%, Pool sales rose 9%, and Water Solutions revenues declined 6%, with segment incomes up 14%, 11% and flat, respectively.

Management introduced 2026 GAAP EPS guidance of $4.94 to $5.09 (up 26%–30%) and adjusted EPS of $5.25 to $5.40 (up 7%–10%), with sales growth of 3%–4%. Q1 2026 is expected to deliver GAAP EPS of $1.07 to $1.10 and adjusted EPS of $1.15 to $1.18, on 1%–2% sales growth. The board reaffirms a disciplined capital allocation approach, targeting continued dividend increases, opportunistic share repurchases—$50 million executed in Q4 and $225 million for the year—and strategic investments in growth initiatives across its balanced water portfolio.