earnings
confidence high
sentiment negative
materiality 0.80
Pentair Q2 sales down 17% to $933M; Pool destock drives miss; updates GAAP EPS guidance to $3.86-$4.06
PENTAIR plc
- Q2 sales $933M, down 17% YoY; GAAP EPS $0.80, adjusted EPS $1.14 (down 18%).
- Pool segment sales down 42% due to ~$170M channel inventory destock; Flow and Water Solutions relatively stable.
- Includes ~$35M IEEPA refunds; repurchased $150M shares.
- Full year GAAP EPS guidance updated to $3.86-$4.06; adjusted EPS reaffirmed at $4.60-$4.80.
- Introduces Q3 guidance: GAAP EPS $0.97-$1.00, adjusted EPS $1.05-$1.08; sales down 4-6%.