Pentair prelim Q2 sales $930M (-17% vs guide), cuts FY EPS guide to $3.90-$4.10 from $4.83-$4.93

PENTAIR plc

• Preliminary Q2 sales ~$930M, down 17% vs prior guide of up ~1%; GAAP EPS ~$0.80 vs guide $1.39-$1.42; adjusted EPS ~$1.12 vs guide $1.47-$1.50.
• Pool channel destocking negatively impacted Q2 sales by ~$170M and segment income by ~$105M; IEEPA refunds contributed ~$35M.
• Full-year 2026 guidance revised: sales down 4-7% (prior up 2-4%), GAAP EPS $3.90-$4.10 (prior $4.83-$4.93), adjusted EPS $4.60-$4.80 (prior $5.30-$5.40).
• CFO Nicholas Brazis resigned July 10; former CFO Bob Fishman appointed interim CFO effective July 14, with monthly salary $125k and $1M RSU grant.
• Company repurchased ~2M shares for $150M in Q2 2026.