Pentair CFO Resigns, Q2 Sales Plunge 17% on Pool Inventory Destocking, Full-Year Guidance Slashed

summarizeSummary

Pentair's CFO resigned and preliminary Q2 results missed badly — sales down 17% on Pool channel destocking, full-year guidance slashed. Interim CFO appointed; $150M in shares repurchased in Q2.

check_boxKey Events · Earnings and Guidance · PNR

• CFO Resigns, Interim Appointed

  CFO Nicholas Brazis resigned July 10, 2026. Robert Fishman, former Pentair CFO (2020–March 2026), appointed Interim CFO with $125K monthly salary and $1M RSU grant vesting in one year.

• Q2 Sales Miss by 17%

  Preliminary Q2 sales ~$930M, down 17% vs prior guide of up ~1%, driven by $170M Pool channel inventory destocking. Adjusted EPS ~$1.12 vs $1.47–$1.50 guide.

• Full-Year Guidance Slashed

  2026 sales now seen down 4–7% (vs up 2–4% prior); adjusted EPS $4.60–$4.80 (vs $5.30–$5.40). Pool destocking to hit full-year sales by ~$250M and income by ~$155M.

• IEEPA Tariff Refunds Provide Partial Offset

  Q2 includes ~$35M in IEEPA refunds; full-year expected $35M–$50M. These partially mitigate the Pool segment weakness.

auto_awesomeAnalysis · PNR · Technology

Pentair disclosed a double blow: CFO Nicholas Brazis resigned effective July 10, and preliminary Q2 results missed badly — sales of ~$930M were down 17% versus prior guidance of up ~1%, driven by a $170M hit from Pool channel inventory destocking. Adjusted EPS of ~$1.12 fell well short of the $1.47-$1.50 guide. Full-year 2026 guidance was cut sharply: sales now seen down 4-7% (vs up 2-4% prior), adjusted EPS $4.60-$4.80 (vs $5.30-$5.40). The company is taking actions to right-size Pool inventory for 2027, but near-term pain is severe. Interim CFO Bob Fishman, a Pentair veteran, returns with a $1M RSU grant and $125K monthly salary. The company also repurchased $150M in shares during Q2, signaling confidence in long-term value despite the reset.