Revenue Growth Driven by Modest Top-Line Expansion
PNR grew Q1 FY2026 revenue by 2.6% YoY to $1,036.7M from $1,010.4M, suggesting steady demand across its business segments despite a challenging macro environment.
PENTAIR plc is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: PNR delivered solid Q1 FY2026 results with revenue up 2.6% YoY to $1.04B, net income surging 11.3% to $172.4M, and gross margin expanding ~190 bps to 41.8%, though operating cash flow remained negative at -$67.4M.
Drawn from management commentary in the Q1 2026 10-Q:
PNR grew Q1 FY2026 revenue by 2.6% YoY to $1,036.7M from $1,010.4M, suggesting steady demand across its business segments despite a challenging macro environment.
Gross margin improved approximately 190 basis points to 41.8% from 39.9%, driven by a 0.6% YoY decline in cost of revenue to $603.3M even as revenue grew, indicating better operational leverage or favorable product mix.
SG&A expenses rose sharply by 12.6% YoY to $198.9M from $176.6M, representing a meaningful cost pressure that limited operating margin expansion to just ~20 bps despite strong gross profit growth of 7.5%.
Revenue
$1.04B
++2.60% YoY
EPS (Basic)
$1.06
++12.77% YoY
Gross Margin
41.8%
++1.89% YoY
Operating Income
$210M
++3.40% YoY
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