Pentair shares fell 5.03% in pre-market trading after the water treatment and flow solutions company reported second-quarter revenue that missed Wall Street expectations, overshadowing an earnings beat. Adjusted earnings per share came in at $1.14, ahead of the analyst consensus estimate of $1.12, but revenue declined 17% year over year to $933 million, missing the $956 million consensus. The shortfall was largely due to a $170 million inventory correction in the Pool distribution channel, which caused Pool segment sales to drop 42% to $247 million. For the third quarter of 2026, Pentair expects adjusted earnings per share between $1.05 and $1.08, a year-over-year decline of 13% to 15%, while reaffirming its full-year 2026 adjusted earnings per share guidance of $4.60 to $4.80.
Pentair PLCRevenue miss and weak Q3 guidance overshadowed earnings beat, causing stock drop.