Pentair misses Q2 EPS, acquires Taco for $1.4B

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  "detected_at": "2026-07-28T14:24:26+00:00",
  "company": {
    "name": "Pentair",
    "domain": "pentair.com"
  },
  "data": {
    "url": "https://scanx.trade/stock-market-news/companies/pentair-acquires-taco-group-for-1-4b-to-boost-data-center-exposure/46784735",
    "title": "Pentair misses Q2 EPS, acquires Taco for $1.4B - scanx.trade",
    "excerpt": "Pentair reports corrected Q2 adjusted EPS of $1.14, missing estimates by 6.56 percent, while sales fell 16.95 percent to $932.600 million. The Pool segment drove the decline with a 42 percent sales drop, whereas Flow and Water Solutions showed margin expansion. Full-year guidance remains largely unchanged. *this image is generated using AI for illustrative purposes only. Pentair plc reported second-quarter 2026 adjusted earnings per share (EPS) of $1.14, correcting a prior figure of $1.11. The result missed the analyst consensus estimate of $1.22 by 6.56 percent, down from a previously reported miss of 9.02 percent. Quarterly sales totaled $932.600 million, falling short of the $958.064 million estimate by 2.66 percent. The results reflect a 16.95 percent year-over-year decline in revenue and a 17.99 percent drop in EPS from $1.39 in the same period last year. The shortfall was primarily driven by a larger-than-anticipated inventory correction in the Pool channel, which President and Chief Executive Officer John L. Stauch described as a temporary reset rather than a structural demand shift. GAAP earnings per diluted share from continuing operations were $0.80, unchanged from guidance issued on July 14. The quarter included approximately $35 million in refunds related to the International Emergency Economic Powers Act (IEEPA). Despite the top-line contraction, Pentair...",
    "summary": "Pentair reported a Q2 2026 adjusted EPS of $1.14, a 17.99% decrease from the same period last year.",
    "planning": false,
    "image_url": "http://news-images.dhan.co/pentair-acquires-taco-group-for-1-4b-to-boost-data-center-exposure.jpg",
    "confidence": 0.95,
    "published_at": "2026-07-28T14:24:26Z",
    "article_sentence": "Pentair plc reported second-quarter 2026 adjusted earnings per share (EPS) of $1.14, correcting a prior figure of $1.11.",
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