Pentair Reports Earnings Beat but Shares Drop Due to Revenue Miss
Pentair (NYSE:PNR) reported second-quarter earnings that beat expectations, with adjusted EPS of $1.14 versus a forecast of $1.12. However, revenue fell short at $933 million—down 17% year-over-year and below the expected $956 million—which led to a sharp decline in its stock price by over 5%. The company attributed the revenue miss primarily to an inventory correction within its Pool business segment. The Pool division saw sales drop 42% due to distribution channel adjustments, while Flow experienced modest growth of 5%, and Water Solutions declined by 5%. Pentair also issued weaker-than-expected third-quarter guidance for adjusted EPS between $1.05 and $1.08—a year-over-year decline of 13–15%. Despite this, the company reaffirmed its full-year earnings outlook at $4.60 to $4.80 per share. Pentair continued its long-standing commitment to shareholders by repurchasing $150 million in shares and maintaining a consistent dividend increase for 50 consecutive years.
Tickers: $PNR
Topics: Earnings Inventory Correction Revenue Miss Stock Price Drop