π Pentair $PNR tanks 20%+ as pool destocking kills guidance and CFO bolts
Pentair got body-slammed today, crashing over 20% to a new 52-week low after the water treatment company slashed its full-year outlook and revealed its CFO unexpectedly departed on July 10. Q2 sales came in around $930M vs the $1.13B consensus estimate, with pool channel destocking alone carving a ~$170M hole in revenue. Full-year guidance now calls for a 4-7% revenue decline β a dramatic U-turn from prior growth forecasts. Not financial advice. Is this a buy-the-dip moment or is the pool industry destocking cycle just getting started?
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