Interprétation IA fondée sur des extraits vérifiés. Les déclarations de l’entreprise et les limites de couverture restent explicites.
Méthode quality-scores-2 : six catégories de même poids. Le score global exige une couverture complète. Les données manquantes ne valent pas zéro. Les évaluations qualitatives sont des interprétations sourcées, pas des probabilités. 3/6 · 24/10/2026
Moat—
Awaiting a sourced assessment under the current scoring policy and financial basis.
Pouvoir de fixation des prix—
Awaiting a sourced assessment under the current scoring policy and financial basis.
Prévisibilité86
Five consecutive annual periods. Equal weights: nondeclining revenue frequency; revenue-growth volatility (5–40pp); positive FCF frequency; FCF-margin volatility (3–20pp). Stability indicator, not a growth forecast.
- Nondeclining revenue years (%)
- 50.00
- Revenue growth volatility (pp)
- 4.07
- Positive FCF years (%)
- 100.00
- FCF margin volatility (pp)
- 3.93
Solidité financière75
Equal-weight grades: debt/FCF (1–8x), net debt/earnings before interest and tax (0–5x), interest service (1–12x), current ratio (0.75–2x). Earnings use reported operating income, or reported pretax profit plus reported interest expense when operating income is unavailable. Interest service uses earnings/interest expense; if unavailable, it uses reported operating cash flow/cash interest paid, without relabeling cash paid as accrued expense. Nonpositive cash flow/earnings score 0 for their service component; reported zero interest with a positive numerator scores 100. Net cash scores 100 for net leverage. Missing disclosures remain unavailable. General nonfinancial-company rubric, not a credit rating; exceptional and nonoperating gains are not normalized out. IFRS finance-cost and cash-flow classifications retain their reported scope.
- debtFcfGrade
- 82.91
- netDebtEbitGrade
- 64.15
- interestCoverageGrade
- 83.73
- currentRatioGrade
- 68.58
- Debt / FCF (x)
- 2.20
- Net debt / operating income (x)
- 1.79
- Current ratio (x)
- 1.61
- cashInterestPaid
- 79.80
- cashInterestCoverage
- 10.21
Allocation du capital91
Three-year equal-weight indicators: pretax return on average invested capital (0–25%; equity + debt − cash, each year and its prior year), share-count growth (0–5%, lower better), share-based cost/revenue (2–20%, lower better), consolidated FCF/net income (0–1x). Return uses reported operating income or, if unavailable, EBIT calculated from reported pretax profit plus reported interest expense; exceptional/nonoperating gains are not normalized out. Share-based cost uses the reported cash-flow add-back or, if absent, separately reported recognized compensation expense; the latter never becomes an FCF adjustment. Nonpositive net income scores 0 for cash conversion; absent income/FCF stays unavailable. Nonpositive invested capital has no defined return and remains unavailable. Does not establish acquisition quality or buyback timing.
- 3-year pre-tax operating return (%)
- 15.69
- 3-year average dilution (%)
- -0.14
- 3-year average SBC / revenue (%)
- 0.86
- cashConversionGrade
- 100.00
Qualité du management—
Awaiting a sourced assessment under the current scoring policy and financial basis.
Preuves
We believe our distribution channels and reputation for quality also provide us a competitive advantage.
Business — Water Solutions competition; claimed distribution and reputation advantage · Dépôt 24/02/2026
Our Pool business is an industry leader with a premier brand, strong customer base, and a large install base, with leading positions in energy-efficient and smart connected pool technologies.
July 14 release — CEO claims concerning Pool brand, installed base and technology · Dépôt 14/07/2026
= Not Meaningful Net sales The components of the consolidated net sales change were as follows: 2025 vs 2024 2024 vs 2023 Volume (2.1) % (2.3) % Price 4.0 1.9 Core growth 1.9 (0.4) Acquisition/Divestiture (0.1) (0.1) Currency 0.5 — Total 2.3 % (0.5) % The 2.3 percent increase in consolidated net sales in 2025 from 2024 was primarily the result of: •increased selling prices across all of our segments to mitigate inflationary cost increases; •favorable foreign currency effects compared to the prior year; and •increased sales volume within our Pool segment due to higher demand compared to the prior year.
MD&A — 2024 and 2025 price, volume and sales-growth components · Dépôt 24/02/2026
Other expense 0.7 1.5 (0.8) (53.3) % Net interest expense 39.5 37.6 1.9 5.1 % Income from continuing operations before income taxes 336.3 355.4 (19.1) (5.4) % Provision for income taxes 46.9 52.0 (5.1) (9.8) % Effective tax rate 13.9 % 14.6 % (0.7) pts Net sales The components of the consolidated net sales change from the prior period were as follows: Three months ended June 30, 2026 Six months ended June 30, 2026 over the prior year period over the prior year period Volume (20.6) % (12.8) % Price 3.3 4.2 Core growth (17.3) (8.6) Acquisition/Divestitures (0.3) (0.4) Currency 0.6 1.3 Total (17.0) % (7.7) % The 17.0 and 7.7 percent decreases in net sales in the second quarter and first half, respectively, of 2026 from 2025 were primarily driven by: •decreased sales volume primarily driven by destocking of channel inventory within our Pool segment; and •a business exit in the commercial business of our Water Solutions segment that occurred during the second quarter of 2025.
MD&A — second-quarter and first-half 2026 price, volume and channel destocking · Dépôt 28/07/2026
Some of our competitors attempt to compete based primarily on price, localized expertise and local relationships, especially with respect to products and applications that do not require a great deal of engineering or technical expertise.
Risk factors — competition on price and local relationships in less technical applications · Dépôt 24/02/2026
Intellectual property protections, however, may not preclude competitors from developing products like ours, or from challenging our names or products.
Risk factors — intellectual property may not prevent similar competing products · Dépôt 24/02/2026
One customer in the Pool business represented approximately 18% and 15% of our consolidated net sales in 2025 and 2024, respectively.
Business — Pool customer concentration in 2025 and 2024 · Dépôt 24/02/2026
Second quarter Pool performance was impacted by a decline in Pool sales largely attributed to a more pronounced inventory realignment with major channel partners than previously estimated and worsening business conditions, including higher interest rates and inflation.
Second-quarter release — greater-than-estimated channel correction and worsening conditions · Dépôt 28/07/2026
27 CONSOLIDATED RESULTS OF OPERATIONS The consolidated results of operations were as follows: Years ended December 31 % / point change In millions 2025 2024 2023 2025 vs 2024 2024 vs 2023 Net sales $ 4,176.0 $ 4,082.8 $ 4,104.5 2.3 % (0.5) % Cost of goods sold 2,485.7 2,484.0 2,585.3 0.1 % (3.9) % Gross profit 1,690.3 1,598.8 1,519.2 5.7 % 5.2 % % of net sales 40.5 % 39.2 % 37.0 % 1.3 pts 2.2 pts Selling, general and administrative 736.9 701.4 680.2 5.1 % 3.1 % % of net sales 17.6 % 17.2 % 16.6 % 0.4 pts 0.6 pts Research and development 95.9 93.6 99.8 2.5 % (6.2) % % of net sales 2.3 % 2.3 % 2.4 % — pts (0.1) pts Operating income 857.5 803.8 739.2 6.7 % 8.7 % % of net sales 20.5 % 19.7 % 18.0 % 0.8 pts 1.7 pts Loss on sale of business 26.3 — — N.M.
MD&A — 2023–2025 consolidated sales, gross margins and operating results · Dépôt 24/02/2026
= Not Meaningful 26 Table of Contents The consolidated results of operations for the six months ended June 30, 2026 and 2025 were as follows: Six months ended In millions June 30, 2026 June 30, 2025 $ Change % / Point Change Net sales $ 1,969.3 $ 2,133.5 $ (164.2) (7.7) % Cost of goods sold 1,140.9 1,273.6 (132.7) (10.4) % Gross profit 828.4 859.9 (31.5) (3.7) % % of net sales 42.1 % 40.3 % 1.8 pts Selling, general and administrative 403.7 390.4 13.3 3.4 % % of net sales 20.5 % 18.3 % 2.2 pts Research and development 48.2 48.7 (0.5) (1.0) % % of net sales 2.4 % 2.3 % 0.1 pts Operating income 376.5 420.8 (44.3) (10.5) % % of net sales 19.1 % 19.7 % (0.6) pts Loss on sale of business — 26.3 (26.3) N.M.
MD&A — first-half 2026 gross margin and operating-income deterioration · Dépôt 28/07/2026
These decreases were partially offset by: •increased selling prices to mitigate impacts of inflation; •increased productivity; and •the positive impact of $11.2 million in refunds during the second quarter of 2026 associated with tariffs previously collected under IEEPA which partially mitigated inflationary costs increases.
MD&A — pricing, productivity and $11.2 million tariff-refund contribution · Dépôt 28/07/2026
The magnitude of the sales spike has historically been partially mitigated within the Pool segment by employing advance sale “early buy” programs (generally including extended payment terms and/or additional discounts).
Liquidity and capital resources — early-buy discounts and extended payment terms · Dépôt 28/07/2026
The following table is a reconciliation of free cash flow: Years ended December 31 In millions 2025 2024 2023 Net cash provided by operating activities of continuing operations $ 814.8 $ 766.9 $ 620.8 Capital expenditures of continuing operations (68.8) (74.4) (76.0) Proceeds from sale of property and equipment of continuing operations 2.4 0.6 5.6 Free cash flow from continuing operations $ 748.4 $ 693.1 $ 550.4 Net cash used for operating activities of discontinued operations — (0.2) (1.6) Free cash flow $ 748.4 $ 692.9 $ 548.8 Debt and Capital Pentair, Pentair Finance S.à r.l (“PFSA“) and Pentair, Inc.
Liquidity — 2023–2025 operating cash flow and capital expenditures · Dépôt 24/02/2026
The recorded amounts and estimated fair values of total debt, excluding unamortized issuance costs and discounts, at December 31 were as follows: 2025 2024 In millions Recorded Amount Fair Value Recorded Amount Fair Value Variable rate debt $ 852.7 $ 852.7 $ 843.8 $ 843.8 Fixed rate debt 800.0 828.2 819.3 814.3 Total debt $ 1,652.7 $ 1,680.9 $ 1,663.1 $ 1,658.1 Financial assets and liabilities measured at fair value on a recurring and nonrecurring basis were as follows: December 31, 2025 In millions Level 1 Level 2 Level 3 NAV Total Recurring fair value measurements Interest rate contract liabilities $ — $ (0.2) $ — $ — $ (0.2) Foreign currency contract liabilities — (68.8) — — (68.8) Deferred compensation plan assets 32.3 — — — 32.3 Contingent earn-out liabilities — — (8.0) — (8.0) Total recurring fair value measurements $ 32.3 $ (69.0) $ (8.0) $ — $ (44.7) Nonrecurring fair value measurements (1) 1) During the year ended December 31, 2025, we recorded an impairment charge on a definite-lived customer relationship intangible asset of $30.9 million.
Financial-statement notes — debt and customer-relationship impairment · Dépôt 24/02/2026
On September 17, 2025, as part of our Flow reportable segment, we completed the acquisition of Hydra-Stop, LLC (“Hydra-Stop”) for $292.1 million in cash, net of cash acquired, and subject to customary adjustments.
Business — completed Hydra-Stop acquisition and cash consideration · Dépôt 24/02/2026
16. Subsequent Events
On July 27, 2026, as part of our Water Solutions reportable segment, we entered into a definitive agreement to acquire the issued and outstanding equity securities of Taco Group Holdings (“Taco”), for a purchase price of $1.425 billion, subject to customary adjustments contemplated by the definitive agreement.
Subsequent events — July 27 definitive Taco acquisition agreement · Dépôt 28/07/2026
In connection with entering into the definitive agreement to acquire Taco, PFSA entered into a commitment letter, dated July 27, 2026 (the “Commitment Letter”), pursuant to which, among other things, the lender has committed to provide debt financing for the acquisition of Taco, consisting of a senior unsecured bridge facility of $1.4 billion (the “Bridge Facility”), on the terms and subject to the conditions set forth in the Commitment Letter.
Subsequent events — committed acquisition bridge financing · Dépôt 28/07/2026
5 Table of Contents Pentair plc and Subsidiaries Condensed Consolidated Statements of Changes in Equity (Unaudited) In millions Ordinary shares Additional paid-in capital Retained earnings Accumulated other comprehensive (loss) income Total Number Amount Balance - December 31, 2025 163.2 $ 1.7 $ 1,313.1 $ 2,822.6 $ (268.2) $ 3,869.2 Net income — — — 172.4 — 172.4 Other comprehensive income, net of tax — — — — 6.6 6.6 Dividends declared, $0.27 per share — — — (43.6) — (43.6) Share repurchases (2.0) — (200.0) — — (200.0) Exercise of options, net of shares tendered for payment — — 1.1 — — 1.1 Issuance of restricted shares, net of cancellations 0.5 — — — — — Shares surrendered by employees to pay taxes (0.1) — (11.3) — — (11.3) Share-based compensation — — 15.7 — — 15.7 Balance - March 31, 2026 161.6 $ 1.7 $ 1,118.6 $ 2,951.4 $ (261.6) $ 3,810.1 Net income — — — 128.6 — 128.6 Other comprehensive loss, net of tax — — — — (1.4) (1.4) Dividends declared, $0.27 per share — — — (43.1) — (43.1) Share repurchases (2.0) (0.1) (149.9) — — (150.0) Exercise of options, net of shares tendered for payment 0.1 — 1.6 — — 1.6 Issuance of restricted shares, net of cancellations (0.1) — — — — — Shares surrendered by employees to pay taxes — — (0.3) — — (0.3) Share-based compensation — — 3.8 — — 3.8 Balance - June 30, 2026 159.6 $ 1.6 $ 973.8 $ 3,036.9 $ (263.0) $ 3,749.3 In millions Ordinary shares Additional paid-in capital Retained earnings Accumulated other comprehensive (loss) income Total Number Amount Balance - December 31, 2024 164.8 $ 1.7 $ 1,501.7 $ 2,336.1 $ (276.6) $ 3,562.9 Net income — — — 154.9 — 154.9 Other comprehensive income, net of tax — — — — 3.0 3.0 Dividends declared, $0.25 per share — — — (41.2) — (41.2) Share repurchases (0.6) — (50.0) — — (50.0) Exercise of options, net of shares tendered for payment — — 0.6 — — 0.6 Issuance of restricted shares, net of cancellations 0.4 — — — — — Shares surrendered by employees to pay taxes (0.1) — (9.2) — — (9.2) Share-based compensation — — 12.6 — — 12.6 Balance - March 31, 2025 164.5 $ 1.7 $ 1,455.7 $ 2,449.8 $ (273.6) $ 3,633.6 Net income — — — 148.5 — 148.5 Other comprehensive loss, net of tax — — — — (0.5) (0.5) Dividends declared, $0.25 per share — — — (41.0) — (41.0) Share repurchases (0.7) — (75.0) — — (75.0) Exercise of options, net of shares tendered for payment 0.2 — (1.7) — — (1.7) Issuance of restricted shares, net of cancellations (0.1) — — — — — Shares surrendered by employees to pay taxes — — (0.3) — — (0.3) Share-based compensation — — 8.6 — — 8.6 Balance - June 30, 2025 163.9 $ 1.7 $ 1,387.3 $ 2,557.3 $ (274.1) $ 3,672.2 See accompanying notes to condensed consolidated financial statements.
Statement of changes in equity — first-half 2026 repurchases, issuance and share count · Dépôt 28/07/2026
Equity income of unconsolidated subsidiaries
(1.0)
(0.4)
Depreciation
29.4
29.4
Amortization
31.4
28.5
Deferred income taxes
(2.1)
18.5
Loss on sale of business
—
26.3
Share-based compensation
19.5
21.2
Asset impairment and write-offs
—
47.0
Changes in assets and liabilities, net of effects of business acquisitions
Accounts receivable
187.0
33.4
Inventories
(36.7)
(9.9)
Other current assets
(23.9)
(27.3)
Accounts payable
18.3
39.4
Employee compensation and benefits
(22.9)
(18.9)
Other current liabilities
16.2
66.6
Other non-current assets and liabilities
(0.2)
10.5
Net cash provided by operating activities
504.4
567.7
Investing activities
Capital expenditures
(37.4)
(27.7)
Purchase of investments
—
(18.0)
Proceeds from sale of property and equipment
0.2
0.1
Other
(1.5)
0.2
Net cash used for investing activities
(38.7)
(45.4)
Financing activities
Net repayments of short-term borrowings
—
(9.2)
Net borrowings of revolving long-term debt
42.3
9.9
Proceeds from long-term debt
500.0
—
Repayments of long-term debt
(575.0)
(250.0)
Debt issuance costs
(1.2)
(2.1)
Payment of contingent consideration
(3.6)
—
Shares issued to employees, net of shares withheld
(8.9)
(10.6)
Repurchases of ordinary shares
(348.2)
(125.0)
Dividends paid
(87.5)
(82.4)
Net cash used for financing activities
(482.1)
(469.4)
Effect of exchange rate changes on cash and cash equivalents
6.6
(28.6)
Change in cash and cash equivalents
(9.8)
24.3
Cash and cash equivalents, beginning of period
101.6
118.7
Cash and cash equivalents, end of period
$
91.8
$
143.0
(more)
7
Pentair plc and Subsidiaries
Reconciliation of the GAAP Operating Activities Cash Flow to the Non-GAAP Free Cash Flow (Unaudited)
Three months ended
Three months ended
Six months ended
In millions
March 31,
2026
June 30,
2026
June 30,
2026
Net cash (used for) provided by operating activities
$
(67.4)
$
571.8
$
504.4
Capital expenditures
(18.5)
(18.9)
(37.4)
Proceeds from sale of property and equipment
0.2
—
0.2
Free cash flow
$
(85.7)
$
552.9
$
467.2
Three months ended
Three months ended
Six months ended
In millions
March 31,
2025
June 30,
2025
June 30,
2025
Net cash (used for) provided by operating activities
$
(38.9)
$
606.6
$
567.7
Capital expenditures
(16.8)
(10.9)
(27.7)
Proceeds from sale of property and equipment
—
0.1
0.1
Free cash flow
$
(55.7)
$
595.8
$
540.1
(more)
8
Pentair plc and Subsidiaries
Supplemental Financial Information by Reportable Segment (Unaudited)
2026
2025
In millions
First
Quarter
Second
Quarter
Six
Months
First
Quarter
Second
Quarter
Six
Months
Release financial tables — first-half cash flows, capital spending and financing · Dépôt 28/07/2026
Long-Term Incentives For 2025, the Compensation Committee approved a mix of long-term incentive awards for the CEO of performance share units at 75% and stock options at 25% of the long-term award value to provide a heightened emphasis for our CEO on compensation elements that are contingent on performance goals and increases in our share price.
Compensation discussion — approved 2025 CEO long-term incentive mix · Dépôt 20/03/2026
Stauch — $5,100,019; Mr. Fishman — $924,985; Mr.
Summary compensation table notes — actual 2025 CEO performance-unit grant value · Dépôt 20/03/2026
Company-wide (Stauch and Fishman) Pentair Adjusted Operating Income (50% weight) + Pentair Revenue (30% weight) + Pentair Cash Flow (20% weight) (0-200%)* x Target Award Amount ($) x Sustainability Modifier (+/- 10%) = Annual Incentive Award Pool (Pedretti) Pool Income (40% weight) + Pool Revenue (20% weight) + Pentair Free Cash Flow (20% weight) + Pentair Adjusted Operating Income (20% weight) (0-200%)* x Target Award Amount ($) x Sustainability Modifier (+/- 10%) = Annual Incentive Award Flow (Wiggins) Flow Income (40% weight) + Flow Revenue (20% weight) + Pentair Free Cash Flow (20% weight) + Pentair Adjusted Operating Income (20% weight) (0-200%)* x Target Award Amount ($) x Sustainability Modifier (+/- 10%) = Annual Incentive Award 42 Pentair | 2026 Proxy Statement Compensation Discussion and Analysis Water Solutions (Chiu) Water Solutions Income (40% weight) + Water Solutions Revenue (20% weight) + Pentair Free Cash Flow (20% weight) + Pentair Adjusted Operating Income (20% weight) (0-200%)* x Target Award Amount ($) x Sustainability Modifier (+/- 10%) = Annual Incentive Award * For each measure, threshold performance is required for any payout; payouts begin at 50% of target.
Compensation discussion — annual incentive metrics and weights · Dépôt 20/03/2026
In response to shareholder engagement during 2025, the Board took the following actions: uProvided additional disclosure about the Board’s oversight of emerging risks, including Artificial Intelligence (AI) (see page 23 for more information) uAdded a director skills matrix (see page 11 for more information) uExpanded our Clawback Policy to include cancellation or recoupment of time-vesting and performance-vesting equity awards in certain circumstances (see page 54 for more information) uProvided additional disclosure addressing the sustainability modifier to our MIP (see page 48 for more information) Say-on-Pay Shareholder support of our executive compensation program was reflected in our 2025 say-on-pay vote with 83.6% of votes cast in favor of our proposal.
Shareholder engagement — implemented clawback expansion and other responses · Dépôt 20/03/2026
Change in Control and Termination Provisions of Incentive Plans Change in Control Provisions The 2020 Plan and the most recent predecessor plan provide that, upon a change in control, unless an agreement between us and the executive provides for a more favorable result to the executive: uall outstanding options, restricted stock and restricted stock units that are not performance awards are immediately vested; uall outstanding performance awards (other than annual incentive awards) vest and are paid in full based on performance at the better of target or trend; and uall outstanding annual incentive awards are paid based on deemed full satisfaction of the performance goals.
Incentive plans — change-in-control acceleration and deemed performance · Dépôt 20/03/2026
The Board is committed to governance practices that serve our shareholders’ interests The Board is led by an independent Chair of the Board, and all directors, other than our CEO, are independent.
Corporate governance — independent chair and director independence at proxy date · Dépôt 20/03/2026
2026 Proxy Statement | Pentair 19 Corporate Governance Committees of the Board The Board has three standing committees comprised solely of independent directors: the Audit and Finance Committee, the Compensation Committee, and the Governance Committee.
Corporate governance — independent standing committees · Dépôt 20/03/2026
28 Table of Contents Flow The net sales and segment income for Flow were as follows: Three months ended Six months ended In millions June 30, 2026 June 30, 2025 % / Point Change June 30, 2026 June 30, 2025 % / Point Change Net sales $ 263.7 $ 250.9 5.1% $ 521.8 $ 483.5 7.9% Segment income 69.8 54.8 27.4% 131.0 105.0 24.8% % of net sales 26.5 % 21.8 % 4.7 pts 25.1 % 21.7 % 3.4 pts Net sales The components of the change in Flow net sales from the prior period were as follows: Three months ended June 30, 2026 Six months ended June 30, 2026 over the prior year period over the prior year period Volume (3.2) % (2.2) % Price 2.4 3.0 Core growth (0.8) 0.8 Acquisition/Divestiture 4.9 4.6 Currency 1.0 2.5 Total 5.1 % 7.9 % The 5.1 and 7.9 percent increases in net sales for Flow in the second quarter and first half, respectively, of 2026 from 2025 were primarily driven by: •increased sales due to the acquisition of Hydra-Stop completed in the third quarter of 2025; •increased selling prices to mitigate inflationary cost increases; and •favorable foreign currency effects.
MD&A — Flow results and acquisition, currency, price and volume contributions · Dépôt 28/07/2026
Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expense in the Condensed Consolidated Statements of Operations and Comprehensive Income included the following: Three months ended Six months ended In millions June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Restructuring Initiatives Severance and related costs $ 32.9 $ 12.0 $ 46.1 $ 20.3 Other restructuring costs and related adjustments (1) 1.7 3.5 2.2 4.9 Total restructuring costs 34.6 15.5 48.3 25.2 Transformation Program Asset impairment and write-offs — 10.3 — 15.5 Other transformation costs (2) 17.5 12.5 29.0 21.6 Total transformation costs 17.5 22.8 29.0 37.1 Total restructuring and transformation costs $ 52.1 $ 38.3 $ 77.3 $ 62.3 (1) Other restructuring costs and related adjustments primarily consist of certain accruals and related refinements as well as various contract termination costs.
Financial-statement notes — restructuring and transformation costs · Dépôt 28/07/2026
•The Company’s results include approximately $35 million of International Emergency Economic Powers Act (“IEEPA”) refunds
Second-quarter release — approximately $35 million of tariff refunds · Dépôt 28/07/2026
John L. Stauch, Pentair’s President and Chief Executive Officer commented, “As shared in the July 14th preannouncement, our results were below expectations due primarily to a larger-than-anticipated inventory correction in the Pool channel.
Second-quarter release — CEO acknowledges results below expectations · Dépôt 28/07/2026
We are confident this is a temporary channel reset rather than a change in the underlying long-term opportunity for the business and are taking swift actions to improve execution, enhance inventory visibility and support healthier order patterns, positioning our Pool business to deliver robust growth in 2027.
Second-quarter release — prospective channel recovery and inventory-visibility actions · Dépôt 28/07/2026
Water Solutions faces numerous domestic and international competitors, some of which have substantially greater resources directed to the vertical markets in which we compete.
Business — generic Water Solutions competitor coverage · Dépôt 24/02/2026
