Pentair (PNR) cut its full-year 2026 guidance on Tuesday while appointing former Chief Financial Officer Robert Fishman as interim CFO following the departure of Nicholas Brazis.

The company now expects 2026 sales to decline 4% to 7%, compared with prior guidance for 2% to 4% growth, and adjusted earnings per share of $4.60 to $4.80, down from its previous forecast of $5.30 to $5.40.

For Q2, Pentair expects sales of about $930 million and adjusted EPS of about $1.12, below its prior guidance of $1.47 to $1.50.

Shares were down 15% in after-market trading.