Financial Performance - For the year ended December 31, 2025, consolidated net sales were $4,176.0 million, representing a 2.3% increase from $4,082.8 million in 2024[168]. - Gross profit increased to $1,690.3 million, with a gross margin of 40.5%, up from 39.2% in 2024, primarily due to increased selling prices and improved productivity[168][170]. - Core growth was 1.9% in 2025, driven by increased selling prices, while volume declined by 2.1%[169]. - Cash provided by operating activities of continuing operations was $814.8 million in 2025, up from $766.9 million in 2024[198]. - Free cash flow from continuing operations reached $748.4 million in 2025, compared to $693.1 million in 2024[205]. Segment Performance - The Flow, Water Solutions, and Pool segments accounted for approximately 37%, 25%, and 38% of total consolidated net sales, respectively[161]. - Flow's net sales increased by 2.6% to $1,553.6 million in 2025, while segment income rose by 13.8% to $362.1 million[177]. - Water Solutions experienced a 6.1% decrease in net sales to $1,062.1 million in 2025, with segment income slightly declining by 0.5% to $253.9 million[182]. - Pool segment net sales grew by 8.5% to $1,436.1 million in 2025, with segment income increasing by 10.6% to $527.1 million[188]. - Pool segment's core growth was 6.5% in 2025, driven by increased demand and acquisition contributions[189]. Acquisitions and Investments - The company completed the acquisition of Hydra-Stop for $292.1 million and G & F Manufacturing for $116.0 million, enhancing its product offerings in the Flow and Pool segments[164][165]. - The acquisition of Hydra-Stop for $292.1 million was completed in September 2025, funded by cash on hand and borrowings[197]. - The company plans to continue investing in research and development and market opportunities to drive future growth[167]. Tax and Interest Expenses - The effective tax rate increased to 14.1% in 2025 from 13.0% in 2024, primarily due to a decrease in favorable unrecognized tax benefits[168][172]. - The company experienced a 21.7% decrease in net interest expense, down to $69.4 million in 2025 from $88.6 million in 2024, attributed to lower debt levels[168][172]. Operational Challenges - Inflationary cost increases impacted financial performance, with ongoing pressures from raw materials and logistics costs expected to continue into 2026[166][167]. - The company implemented a Transformation Program aimed at driving operational excellence and margin expansion, with a focus on pricing and sourcing excellence[166][167]. Backlog and Contractual Obligations - The overall backlog decreased by 7.1% to $567.5 million, primarily due to timing of delivery associated with advance sale programs in the Pool segment[193]. - Total contractual obligations, net, amount to $2,190.3 million, with $140.9 million due in the next twelve months[221]. Debt and Financial Liabilities - As of December 31, 2025, total availability under the Senior Credit Facility was $622.3 million, with an option to increase the revolving credit facility by up to $450.0 million[207]. - The Term Loan Facility has an aggregate principal amount of $1.0 billion, with remaining obligations of $575.0 million maturing on July 28, 2027[208][209]. - As of December 31, 2025, variable interest rate debt was $852.7 million at a weighted average interest rate of 5.03%[222]. - The total gross liability for uncertain tax positions was estimated to be $6.7 million as of December 31, 2025[223]. - The outstanding value of bonds, letters of credit, and bank guarantees totaled $115.0 million as of December 31, 2025[229]. Shareholder Returns - The company repurchased 2.3 million ordinary shares for $225.0 million during the year ended December 31, 2025, under the 2020 Authorization[214]. - The Board of Directors approved a quarterly cash dividend of $0.27 per share, reflecting an 8% increase, with total dividends paid per ordinary share of $1.00 for the year ended December 31, 2025[215]. - Distributable reserves were $6.4 billion as of December 31, 2025, down from $6.8 billion in 2024[216]. Financial Instruments and Risks - As of December 31, 2025, the debt portfolio comprised 48% fixed-rate debt and 52% variable-rate debt[250]. - A 100 basis point increase or decrease in interest rates would result in approximately a $38 million decrease or a $40 million increase in the fair value of total fixed-rate debt outstanding[251]. - As of December 31, 2025, the company had outstanding foreign currency derivative contracts with gross notional U.S. dollar equivalent amounts of $23.2 million[255]. - The company had outstanding cross currency swap agreements with a combined notional amount of $1.1 billion as of December 31, 2025[256]. - A 10% appreciation or depreciation of the U.S. dollar relative to the Euro would result in a change in accumulated other comprehensive income of approximately $80 million[256]. Pension and Retirement Plans - The company sponsors U.S. and non-U.S. defined-benefit pension and other post-retirement plans, with actuarial valuations determining the amounts recognized in financial statements[239]. - A 100 basis point increase or decrease in the discount rates would result in an approximate decrease of $5 million or increase of $6 million in the total projected benefit obligation[243]. Impairment and Adjustments - An impairment charge of $30.9 million was recorded in 2025 related to the write-off of a definite-lived customer relationship intangible asset[236]. - Mark-to-market adjustments resulted in pre-tax losses of $2.4 million and $6.1 million in 2025 and 2023, respectively, and a pre-tax gain of $5.3 million in 2024[240]. - No impairment charges associated with identifiable intangibles with finite lives were recognized in 2024 or 2023[236].

LONDON--(BUSINESS WIRE)--Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.27 per share on May 1, 2026 to shareholders of record at the close of business on April 17, 2026. This is the 50th consecutive year that Pentair has increased its dividend. ABOUT PENTAIR PLC At Pentair, we help the world sustainably move, improve, and enjoy water, life's most essential resource. From our residential and commercial water solutions, to industrial water managem. ...

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Viewpoint - The presentation features key personnel from Pentair, including retiring Bob Fishman, new CFO Nick Brazis, and De'Mon Wiggins from the Flow business, indicating a transition in leadership and potential strategic discussions ahead [1] Group 1 - Bob Fishman, a well-known figure in the company, is set to retire soon, marking a significant change in leadership [1] - Nick Brazis has been introduced as the new CFO, suggesting a shift in financial strategy and management [1] - De'Mon Wiggins represents the Flow business, indicating a focus on this segment during the discussion [1]

Pentair (NYSE:PNR) FY Conference February 19, 2026 09:50 AM ET Company ParticipantsBob Fishman - CFODe'Mon Wiggins - EVP and PresidentNick Brazis - Incoming-CFOConference Call ParticipantsJulian Mitchell - Equity Research AnalystJulian MitchellThanks everyone for being here. It's my pleasure to have up next, Pentair. You know, we've got Bob Fishman that many of you know, who'll be retiring soon. Nick Brazis, the new CFO, so congratulations.Nick BrazisThank you.Julian MitchellLook forward to working with you ...

Core Viewpoint - Pentair has achieved its 50th consecutive annual dividend increase, with an 8.0% raise in 2026, indicating strong growth potential despite a modest yield compared to traditional dividend aristocrats [1][2] Dividend Performance - The current quarterly dividend is $0.27 per share, translating to an annualized payout of $1.08, resulting in a yield of approximately 1.01% [1] - The 8.0% increase in 2026 follows an 8.7% increase in 2025, showcasing a significant acceleration compared to typical mid-single-digit increases from competitors like Johnson & Johnson (4.8%) and Procter & Gamble (5.0%) [1][2] Cash Flow and Payout Ratio - Pentair's payout ratio stands at 20.2%, significantly lower than Johnson & Johnson's 50.5%, indicating a conservative approach to dividend payments [1] - Operating cash flow for fiscal 2025 was $814.8 million, with only $164.3 million paid out in dividends, allowing for a coverage ratio of 4.55 times [1] Earnings and Profitability - The company reported a net income of $653.8 million in fiscal 2025, a 4.5% increase from the previous year, on revenue of $4.18 billion [1] - Operating margin improved to 20.5%, and the operating cash flow to net income ratio was 1.25x, indicating strong cash conversion [1] Total Return and Growth Potential - Over the past five years, Pentair shares have returned 103.18%, outperforming Johnson & Johnson (68.0%) and Procter & Gamble (43.58%) [1] - The stock is currently down 1.73% year-to-date, presenting potential entry opportunities for investors [1] Historical Context of Dividend Growth - Pentair's dividend growth streak spans 50 years, with total growth of 237.5% from a quarterly payment of $0.08 in 1999 to $0.27 today [1] - The company has maintained its dividend through various economic challenges, including the 2008 financial crisis and the pandemic [1] Investment Outlook - Pentair is positioned as a 'Growth Aristocrat' with a strong dividend scorecard, reflecting its low payout ratio and robust financial coverage [1] - Analysts currently rate Pentair as a 'Buy' with a target price indicating an 11.4% upside [1]

Core Viewpoint - Pentair plc (PNR) is considered a quality company, but it faces several issues that need to be addressed for its shares to improve long-term performance [1] Group 1 - The company has a long-term performance that is described as fairly nondescript, indicating a lack of significant growth or volatility in its stock price [1] - There are specific areas within the company that require improvement to facilitate a breakout in share performance [1]

Core Viewpoint - Pentair plc is actively participating in two upcoming conferences, indicating its commitment to engaging with industry stakeholders and showcasing its leadership in sustainable water solutions [1] Group 1: Conference Participation - Pentair will attend Citi's 2026 Global Industrial Tech and Mobility Conference on February 18th in Miami, Florida [1] - The company will also participate in Barclays Annual Industrial Select Conference on February 19th, further emphasizing its presence in the industrial sector [1] Group 2: Leadership Changes - The attendance will feature both outgoing Executive Vice President and Chief Financial Officer Bob Fishman and incoming Chief Financial Officer Nick Brazis, highlighting a transition in leadership [1]

Core Viewpoint - Analysts are increasingly optimistic about Watts Water Technologies, Inc. (WTS), reflected in rising consensus price targets and a recent stock price increase of 3.4% [2][6]. Group 1: Price Target Trends - The average price target for WTS has risen to $400, indicating strong positive sentiment among analysts [2][6]. - Three months ago, the average price target was $332.6, showing growing confidence in the company's performance [3]. - A year ago, the average price target was $323, and the current target reflects a substantial upward trend in analysts' expectations [4]. Group 2: Earnings and Revenue Performance - The company is expected to report earnings next week, with Wall Street anticipating growth, which may further influence analysts' price targets [4]. - Investors are closely monitoring WTS's international revenue performance, as it significantly impacts financial analysts' predictions and the company's growth trajectory [5].

Core Insights - Pentair plc (PNR) reported fourth-quarter 2025 adjusted earnings per share (EPS) of $1.18, exceeding the Zacks Consensus Estimate of $1.17 and the company's guidance of $1.11-$1.16, marking a 9.3% increase from $1.08 in the prior year [1][10] - The company achieved net sales of $1.02 billion, a 4.9% year-over-year increase, surpassing the Zacks Consensus Estimate of $1.00 billion [2][10] - Pentair's adjusted EPS for 2025 was $4.92, beating the Zacks Consensus Estimate of $4.91 and reflecting a 13.6% increase from $4.33 in 2024 [11] Financial Performance - The cost of sales rose 2.3% year over year to $609 million, with gross profit increasing 9.1% to $412 million, resulting in a gross margin of 40.4%, up from 38.8% in the previous year [3] - Operating income was $205 million, a 5.1% increase year over year, with an operating margin of 20.1% remaining flat [4] - The adjusted segmental operating income increased 8.8% year over year to $252 million, with an adjusted segmental margin of 24.7% compared to 23.8% in the prior year [4] Segment Performance - The Flow segment reported net sales of $394 million, up 9.3% year over year, with adjusted operating earnings rising 22.4% to $90 million [5] - The Water Solutions segment experienced a decline in net sales by 9.9% to $232 million, with earnings decreasing to $55 million from $62 million in the prior year [6] - The Pool segment's net sales reached $393 million, an 11.2% increase year over year, with operating earnings growing 10.7% to $132 million [7] Cash Flow and Shareholder Returns - Pentair had cash and cash equivalents of approximately $102 million at the end of 2025, down from $119 million at the end of 2024, while net cash generated from operating activities increased to $815 million from $767 million [8] - The company raised its dividend to 27 cents per share from 25 cents, marking the 50th consecutive year of dividend increases [9] - Pentair repurchased 0.5 million shares for $50 million in Q4, with $1 billion available under its share repurchase authorization as of December 31, 2025 [9] Guidance - For 2026, Pentair expects adjusted EPS in the range of $5.25-$5.40, with sales anticipated to increase by 3% to 4% from 2025 levels [13] - For Q1 2026, the company projects adjusted EPS between $1.15 and $1.18, with sales expected to rise by 1-2% compared to the same quarter last year [13]