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Pentair shares dip 17% on dour forecast amid weak pool sales
Pentair shares dropped sharply after the company cut its annual forecast, citing weak demand in its pool segment. High interest rates and inflation have pressured spending on outdoor projects, while distributors continue inventory cuts. The outlook signals a deeper slowdown in the pool equipment industry and broader demand concerns.
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zerohedge.com
"Going To Rock A Lot Of Things": Pentair Crashes After Guidance Cut And CFO Exit As Pool Boom Fades
"Watching PNR down 18% pre-market – big guide down last night + CFO resigning. This is going..."
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economictimes.indiatimes.com
Pentair shares dip 17% on dour forecast amid weak pool sales
Pentair shares dropped sharply after the company cut its annual forecast, citing weak demand in its pool segment. High interest rates and inflation have pressured spending on…