滨特尔 2026年季度报告

FORM 10-Q OR Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2)has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Acceleratedfiler☐Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☑ On March31, 2026, 161,605,541 shares of registrant’s common stock were outstanding. PART I FINANCIAL INFORMATION ITEM1.Financial Statements (unaudited)Condensed Consolidated Statements of Operations and Comprehensive Income3Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Cash Flows5Condensed Consolidated Statements of Changes in Equity6Notes to Condensed Consolidated Financial Statements7ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21ITEM 3.Quantitative and Qualitative Disclosures about Market Risk32ITEM 4.Controls and Procedures33 PART II OTHER INFORMATION ITEM 1.Legal Proceedings33ITEM1A.Risk Factors33ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds34ITEM 5.Other Information34ITEM 6.Exhibits35Signatures36 PART I FINANCIAL INFORMATION Pentair plc and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited) Table of Contents Pentair plc and SubsidiariesNotes to condensed consolidated financial statements (unaudited) 1.Basis of Presentation and Responsibility for Interim Financial StatementsThe accompanying unaudited condensed consolidated financial statements of Pentair plc and its subsidiaries (“we,” “us,” “our,” or “Pentair”) have been prepared following the requirements of the United States (“U.S.”) Securities and Exchange Commission forinterim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required byaccounting principles generally accepted in the United States of America (“GAAP”) can be condensed or omitted. We are responsible for the unaudited condensed consolidated financial statements included in this document. The financial statementsinclude all normal recurring adjustments that are considered necessary for the fair presentation of our financial position and operatingresults. As these are condensed financial statements, one should also read our consolidated financial statements and notes thereto,which are included in our Annual Report on Form 10-K for the year ended December31, 2025. Revenues, expenses, cash flows, assets and liabilities can and do vary during each quarter of the year. Therefore, the results and trendsin these interim financial statements may not be indicative of those for a full year. Effective January 1, 2026, we reorganized the composition of our Flow and Water Solutions reportable segments to reflect how we aremanaging our business. As a result of this reorganization, our legacy residential and irrigation flow business moved from our Flowsegment into our Water Solutions segment. The Pool segment remains unchanged. The applicable prior period amounts related to thischange have been retrospectively reclassified to conform to the new composition. These changes have no impact on the Company’shistorical consolidated financial performance or results of operations. Our fiscal year ends on December31. We report our interim quarterly periods on a calendar quarter basis. 2.RevenueWe disaggregate our revenue from contracts with customers by reportable segment, geographic location and vertical market, as we believe these best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economicfactors. Refer to Note 14 for revenue disaggregated by reportable segment. Geographic net sales information, based on geographic destination of the sale, was as follows: Vertical market net sales information was