Berger Montague investigates Pentair over securities law violations after guidance cut

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โดย GlobeNewswire·Read original
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Berger Montague PC is investigating potential claims on behalf of investors in Pentair plc over possible violations of federal securities laws. The investigation follows Pentair's July 14, 2026 announcement of preliminary second-quarter results that revised full-year guidance downward, with sales expected to be approximately $930 million, a 17% decline from prior guidance, and EPS expected to be approximately $0.80 versus previous guidance of $1.39 to $1.42. The company also lowered its full-year 2026 sales outlook to a decline of 4% to 7% from a prior expectation of 2% to 4% growth, citing inventory destocking in the Pool channel, and announced the departure of CFO Nicholas Brazis. On this news, Pentair's stock fell $11.35 per share, or 15%, from a close of $75.68 on July 14 to $64.33 on July 15, 2026.

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Pentair cut full-year guidance and announced CFO departure, causing a 15% stock drop.