PNR shares tumble -18% premarket after announces CFO transition, said prelim Q2 sales fell -17% to $930M vs. est. $1.14B and sees adj EPS $1
PNR shares tumble -18% premarket after announces CFO transition, said prelim Q2 sales fell -17% to $930M vs. est. $1.14B and sees adj EPS $1.12 vs. est. $1.48 saying results impacted by Pool channel inventory destocking and IEEPA refunds; sees 2026 sales down 4% to 7%, revising prior guide of up 2% to 4% and guides 2026 adj EPS of $4.60 to $4.80, down from prior guide of $5.30 to $5.40.
PNR shares tumble -18% premarket after announces CFO transition, said prelim Q2 sales fell -17% to $930M vs. est. $1.14B and sees adj EPS $1.12 vs. est. $1.48 saying results impacted by Pool channel inventory destocking and IEEPA refunds; sees 2026 sales down 4% to 7%, revising prior guide of up 2% to 4% and guides 2026 adj EPS of $4.60 to $4.80, down from prior guide of $5.30 to $5.40.