Block & Leviton is investigating Pentair for potential securities law violations. The investigation concerns whether Pentair and certain executives misled investors about the health of inventory in its Pool channel. On April 28, 2026, Pentair guided to roughly 1% second-quarter sales growth and 2 to 4% full-year growth, but on July 14, 2026, it pre-announced preliminary second-quarter sales of approximately $930 million, down about 17% year-over-year, and slashed its full-year outlook, attributing the shortfall to more pronounced Pool channel inventory destocking that would cut full-year Pool sales by roughly $250 million. The company also disclosed that its chief financial officer had departed on July 10, 2026, with the former CFO returning on an interim basis. Pentair shares fell sharply on the news.
Pentair PLCPentair pre-announced weak Q2 sales and slashed full-year guidance due to Pool channel destocking, and its CFO departed.