Keyword → PNR

Pentair Drops 20.6% to $60.08 After Q2 Sales Miss $930M vs $1.13B Guide — CFO Departs and Full-Year Adjusted EPS Cut 12%

Pentair shares plunged 20.6% to $60.08 after the water treatment company warned Q2 2026 sales came in at roughly $930 million — down 17% versus its prior guidance and 18% below the $1.137 billion analyst estimate — as pool channel inventory destocking was far more severe than expected. CFO Nicholas Brazis left July 10 for a private-sector role. Full-year adjusted EPS guidance was cut to $4.60–$4.80 from $4.83–$4.93. Pool destocking is expected to reduce 2026 segment sales by $250 million.

U.S. Manufacturing Expands for Second Month Despite Tariff and Policy Uncertainty

U.S. manufacturing showed continued expansion in February as the ISM manufacturing index stayed above 50 for the second straight month, signaling modest growth. However, rising tariffs on metals and ongoing geopolitical tensions pose challenges to cost structures and supply chain efficiencies. While production and new orders showed strength, employment growth remained flat, prompting cautious optimism among industrial firms.