Pentair Cuts Q2, FY26 Outlook; Names Bob Fishman Interim EVP And CFO; Shares Down

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source on Google Add Now Pentair plc ( PNR ), a water treatment company, late Tuesday announced preliminary second-quarter results, below the previous estimates, and also trimmed fiscal 2026 outlook mainly due to negative impact in Pool segment sales. Further, the company announced the appointment of former Executive Vice President and CFO Bob Fishman as Interim Executive Vice President and CFO, effective immediately. In the overnight trading, the shares were losing around 13.05 percent, at $65.80, after closing Tuesday's regular trading 1.11 percent lower. The firm has initiated a search to identify its next CFO, following Nicholas Brazis' departure from the company on July 10, to pursue another opportunity at a private company. Looking ahead for the second quarter, the company now projects earnings per share from continuing operations to be approximately $0.80, versus previous...