Pentair Cuts 2026 Outlook, Names Former CFO Fishman as Interim Finance Chief
MT Newswires Live
17 hours ago
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.
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