Pentair Slashes 2026 EPS Guidance to $3.90-$4.10, CFO Resigns Amid Q2 Sales Plunge
PNR is trading near its 52-week low of $69.93 (7.6% below the low).
Summary
Pentair cut its full-year 2026 EPS guidance to $3.90-$4.10, a sharp reduction from the raised outlook issued in April. Preliminary Q2 sales fell 17% as the Pool channel destocked aggressively, far worse than expected. The CFO resigned concurrently, adding leadership uncertainty. The company sees 2026 results including about $35M-$50M of IEEPA refunds, with Q2 results including about $35M of those refunds. The stock was already trading near its 52-week low at $64.60, and this double blow—operational miss and executive departure—will likely force a significant re-rating.
At the time of this announcement, PNR was trading at $64.60 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $12.2B. The 52-week trading range was $69.93 to $113.95. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.