Executive Summary: Execution Meets Strategic Transition#

A Quarter of Validation and Strategic Confidence#

PNR delivered a compelling third quarter for institutional investors, with adjusted earnings per share rising 14 percent year-on-year to USD 1.24 and raising its full-year adjusted EPS guidance to a range of USD 4.85 to USD 4.90, representing growth of 12 to 13 percent versus prior year. The earnings strength, combined with accelerating free cash flow and a USD 292 million acquisition of Hydra-Stop, underscore management's confidence in secular tailwinds across its diversified water portfolio. Simultaneously, the company announced a leadership transition that elevates digital transformation and cybersecurity to the C-suite, with incoming Chief Financial Officer Nick Brazis and newly promoted Chief Information Officer Heather Hausmann poised to embed technology as a competitive moat in an increasingly software-defined industrial landscape.