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- Departure of CFO (new) — CFO Nicholas Brazis resigned effective July 10, 2026 to pursue an opportunity at a private company, creating a leadership transition in the finance function.
Pentair CFO departs, slashes Q2 and full-year guidance on Pool inventory destocking
Filed July 14, 2026 · Period ending July 10, 2026 · ~1 min read
Key Changes
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high
CFO Nicholas Brazis resigned July 10 to join a private company; former CFO Robert Fishman returns as Interim CFO with $125k monthly salary and $1M RSU grant vesting in one year.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
high
Q2 sales now expected at ~$930M (down 17% vs. prior up ~1% guide) and adjusted EPS at ~$1.12 (vs. prior $1.47–$1.50), driven by ~$170M Pool segment sales hit and ~$105M income impact from channel inventory destocking.
Exhibit 99.1 view on EDGAR → -
high
Full-year 2026 sales guidance cut to down 4%–7% (from up 2%–4%) and adjusted EPS to $4.60–$4.80 (from $5.30–$5.40), with Pool channel destocking expected to reduce segment sales by ~$250M and income by ~$155M.
Exhibit 99.1 view on EDGAR → -
high
Company attributes Pool headwinds to more pronounced inventory realignment with major channel partners than estimated and worsening business conditions including higher interest rates and inflation; expects normalized performance in 2027.
Exhibit 99.1 view on EDGAR → -
medium
Pentair repurchased approximately 2.0 million shares for $150 million during Q2 2026, continuing capital return despite Pool segment challenges.
Exhibit 99.1 view on EDGAR →
Summary
Pentair disclosed a CFO departure and a sharp earnings miss driven by Pool segment inventory destocking. Nicholas Brazis resigned July 10 to join a private company; the board appointed former CFO Robert Fishman as Interim CFO while conducting a search for a permanent successor. Fishman previously held the CFO role from 2020 to March 2026, providing continuity during the transition.
The company slashed Q2 and full-year 2026 guidance, citing a more pronounced inventory realignment with major Pool channel partners than previously estimated. Q2 sales are now expected at approximately $930 million (down 17% versus prior guidance of up ~1%) and adjusted EPS at approximately $1.12 (versus prior $1.47–$1.50).
For the full year, sales are expected down 4%–7% (versus prior up 2%–4%) and adjusted EPS at $4.60–$4.80 (versus prior $5.30–$5.40). Pool channel destocking is estimated to reduce full-year segment sales by approximately $250 million and segment income by approximately $155 million. Management attributes the headwinds to inventory realignment and worsening business conditions including higher interest rates and inflation, and expects the Pool business to return to normalized performance in 2027. The CFO departure amid a material earnings miss warrants attention to execution continuity and the permanency of Pool segment headwinds.
Section-by-Section Diff
Event · Exhibit 99.1
Pentair announces CFO departure, appoints interim CFO, cuts Q2 and full-year 2026 guidance due to Pool segment inventory destocking.
Added in current filing · view on EDGAR → · paraphrased
Nicholas Brazis' departure from the company on July 10, 2026, to pursue another opportunity at a private company. ... Bob Fishman, Pentair's former Executive Vice President and CFO, has been appointed Interim Executive Vice President and CFO, effective immediately.
Nicholas Brazis departed as CFO on July 10, 2026, to pursue another opportunity at a private company. Bob Fishman, Pentair's former CFO, has been appointed Interim CFO effective immediately while the company conducts a search for a permanent successor. Fishman previously served as CFO for six years and is expected to provide continuity during the transition.
Added in current filing · view on EDGAR →
Sales are expected to be approximately $930 million, down 17 percent versus previous guide of up approximately 1 percent primarily due to the adverse impact of Pool channel inventory ... Earnings per diluted share from continuing operations (“EPS”) are expected to be approximately $0.80 versus previous guidance of $1.39 to $1.42; Adjusted EPS is expected to be approximately $1.12 versus previous guide of $1.47 to $1.50 as the result of the adverse impact of Pool channel inventory and the positive impact of IEEPA refunds ... The company estimates that the destocking of inventory in the Pool channel negatively impacted Pool segment sales by approximately $170 million and Pool segment income by approximately $105 million
prior guide of up ~1%), and EPS at approximately $0.80 (vs. prior $1.39–$1.42). The company attributes the shortfall to Pool channel inventory destocking, which negatively impacted Pool segment sales by approximately $170 million and segment income by approximately $105 million. Results also include approximately $35 million of IEEPA tariff refunds, partially offsetting the Pool headwind.
Added in current filing · view on EDGAR →
Sales are expected to be down approximately 4 percent to 7 percent versus previous guide of up 2 percent to 4 percent mostly attributable to destocking of inventory in the Pool channel and right sizing of channel inventory in preparation for the 2027 pool season ... GAAP EPS is expected to be approximately $3.90 to $4.10 versus the previous guide of $4.83 to $4.93; Adjusted EPS is expected to be approximately $4.60 to $4.80 versus previous guide of $5.30 to $5.40 as a result of the adverse impact of Pool channel inventory and the positive impact of IEEPA refunds ... The company estimates that the destocking of inventory in the Pool channel negatively impacts Pool segment sales by approximately $250 million and Pool segment income by approximately $155 million
Pentair revised full-year 2026 guidance downward: sales now expected down 4%–7% (vs. prior up 2%–4%), and adjusted EPS at $4.60–$4.80 (vs. prior $5.30–$5.40). The company estimates Pool channel inventory destocking will negatively impact Pool segment sales by approximately $250 million and segment income by approximately $155 million for the full year. Results are expected to include approximately $35 million to $50 million of IEEPA refunds. The company attributes the Pool headwinds to a more pronounced inventory realignment with major channel partners and worsening business conditions, including higher interest rates and inflation.
Added in current filing · view on EDGAR →
Second quarter performance was impacted by a decline in Pool sales largely attributed to a more pronounced inventory realignment with major channel partners than previously estimated and worsening business conditions, including higher interest rates and inflation. The company’s full year 2026 guidance includes destocking of inventory in the Pool channel and right sizing of channel inventory in preparation for the 2027 pool season. Pentair is taking decisive actions to address near-term challenges in the Pool segment by strengthening its relationships with channel partners – including dealers, distribution partners, and service professionals – accelerating the development of new, innovative products and enhancing its technical support solutions.
Pentair disclosed that Pool segment performance was impacted by a more pronounced inventory realignment with major channel partners than previously estimated, along with worsening business conditions including higher interest rates and inflation. The company is taking actions to address near-term challenges by strengthening channel partner relationships, accelerating new product development, and enhancing technical support. Management believes these headwinds are temporary and expects the Pool business to return to normalized performance in 2027.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 10, 2026, Nicholas J. Brazis, the Executive Vice President and Chief Financial Officer of the Company, elected to resign from Pentair effective as of such date to pursue another opportunity at a private company.
Nicholas Brazis resigned as Executive Vice President and Chief Financial Officer effective July 10, 2026 to pursue an opportunity at a private company. The departure creates a leadership transition in the finance function.
Added in current filing · verify on EDGAR →
On July 14, 2026, the Board of Directors of the Company appointed Robert P. Fishman as the Company’s Interim Executive Vice President and Chief Financial Officer effective as of such date. Mr. Fishman, 63, served as the Company's Executive Vice President and Chief Financial Officer from 2020 until March 1, 2026 and also as Chief Accounting Officer from 2020 to 2025.
Robert Fishman, who previously served as Pentair's CFO from 2020 to March 2026, returns as Interim CFO effective July 14, 2026. His prior experience in the role provides continuity during the transition period.
Event · Item 2.02 — Results of Operations and Financial Condition
Pentair issued preliminary Q2 2026 earnings results with non-GAAP adjustments for restructuring, intangible amortization, and other items.
Added in current filing · verify on EDGAR →
On July 14, 2026, Pentair plc (the “Company”) issued a press release announcing its preliminary earnings for the second quarter of 2026.
Pentair disclosed preliminary second quarter 2026 earnings results via press release. The 8-K references non-GAAP measures including adjusted operating income, adjusted return on sales, adjusted net income from continuing operations, and adjusted diluted EPS, which exclude items such as intangible amortization, restructuring costs, transformation activities, and certain tax items. The actual financial figures are contained in the attached press release exhibit.
Added in current filing · verify on EDGAR →
The 2026 adjusted operating income, adjusted return on sales, adjusted net income from continuing operations and adjusted diluted earnings per share from continuing operations (“EPS”) include equity income of unconsolidated subsidiaries and eliminate intangible amortization, costs of certain restructuring, transformation and other activities and certain tax items.
For 2026 results, Pentair's non-GAAP measures exclude intangible amortization, restructuring and transformation costs, and certain tax items, while including equity income from unconsolidated subsidiaries. This represents a cleaner set of adjustments compared to 2025, which had additional exclusions for legal settlements, asset impairments, loss on business sale, deal costs, and pension mark-to-market losses.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Our definition of earnings before interest, taxes, depreciation and amortization (“EBITDA”) represents adjusted operating income plus depreciation.
Pentair defines EBITDA as adjusted operating income plus depreciation. The company uses these non-GAAP measures to assess run-rate operations and notes that adjusted EPS is used for long-term incentive compensation while adjusted operating income is used for annual incentive compensation.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify