Pentair slashes 2026 outlook; CFO exits after 4 months
Pentair cut its 2026 revenue outlook and said CFO Nick Brazis has resigned after roughly four months, with former CFO Bob Fishman returning as interim chief.[1]
The company now expects 2026 revenue to fall as much as 7% from 2025's $4.2 billion, down from earlier guidance of 2%-4% growth.[1] Preliminary second-quarter revenue was about $930 million, a 17% year-over-year decline, and adjusted earnings per share came in at $1.12 versus prior guidance of $1.47 to $1.50.[1] Pool treatment sales plunged 16% amid dealer destocking and weaker demand tied to higher interest rates and inflation.[1]
Pentair eliminated the pool division's top leadership role on July 1 after EVP/Pool CEO Jerome Pedretti stepped down and consolidated oversight under executive De'Mon Wiggins.[1] The company attributed the revenue shortfalls to dealer destocking and soft consumer demand as borrowing costs and inflation weigh on remodeling and discretionary spending.[1]
Brazis had been in the CFO role for roughly four months; Pentair said Fishman came out of retirement to serve as interim CFO as management works to steady results.[1]
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📌 Key Facts
- Pentair now projects 2026 revenue will fall by as much as 7% compared with 2025’s $4.2 billion, after previously forecasting 2%–4% growth.
- Preliminary Q2 2026 revenue is estimated at $930 million, down 17% year over year, with adjusted EPS of $1.12 versus prior guidance of $1.47–$1.50.
- CFO Nick Brazis resigned after roughly four months in the role; former CFO Bob Fishman has returned from retirement as interim CFO.
- Pool treatment sales dropped 16% amid dealer destocking and weaker demand linked to higher interest rates and inflation.
- Pentair eliminated the pool division’s top leadership role July 1, 2026, after EVP/Pool CEO Jerome Pedretti stepped down and consolidated oversight under executive De’Mon Wiggins.
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