Pentair shares dip 17% on dour forecast amid weak pool sales

Pentair shares fell 17 percent after the company cut its annual adjusted EPS forecast to 4.60 to 4.80 dollars from a prior range of 5.30 to 5.40 dollars and projected 2026 revenue to decline 4 to 7 percent versus earlier guidance of 2 to 4 percent growth. Pool segment revenue dropped an estimated 40 to 42 percent year-on-year as distributors slashed inventory amid high interest rates and elevated inflation. The company also appointed former CFO Bob Fishman as interim finance chief following Nicholas Brazis' departure.