Pentair (PNR) Barclays 43rd Annual Industrial Select Conference summary

Leadership transitions and organizational updates

• CFO Bob Fishman will retire by March 1, with Nick Brazis succeeding him; De'Mon Wiggins now leads both Flow and Water Solutions segments.

• Leadership has been working closely to ensure a smooth transition and expanded responsibilities.

Business performance and demand outlook

• Flow segment has shown strong growth and profit expansion, while Water Solutions is integrating residential pump and filtration businesses for synergy.

• Commercial demand remains strong across buildings, healthcare, education, and data centers; industrial demand is robust due to a shift toward recurring revenue.

• Residential market is flat, but strategic initiatives are expected to drive share gains.

Financial guidance and segment expectations

• 2026 guidance assumes no residential recovery, with Pool business volumes flat and 2-3% price increases.

• Water Solutions expected to grow low single digits with margin expansion; Flow business guided for high single-digit growth and 100 bps margin improvement.

• Balanced contribution to incremental EBITDA and income expected from all segments in 2026.