Philadelphia, Pennsylvania--(Newsfile Corp. - July 16, 2026) - Kehoe Law Firm, P.C. is investigating whether Pentair plc ("Pentair" or the "Company") (NYSE: PNR) and certain of its officers or directors violated federal securities laws.
On July 14, 2026, Pentair announced preliminary financial results for the second quarter of 2026, substantially reduced its full-year financial guidance, and announced the departure of its Chief Financial Officer.
Pentair disclosed that it expected second-quarter sales of approximately $930 million, representing a decline of approximately 17%, compared with the Company's prior expectation of approximately 1% sales growth. Pentair also disclosed that second-quarter adjusted earnings per share were expected to be approximately $1.12, substantially below the Company's previous guidance of between $1.47 and $1.50 per share.
Pentair further reduced its full-year 2026 guidance. The Company now expects annual sales to decline approximately 4% to 7%, compared with its prior forecast for sales growth of approximately 2% to 4%. Pentair also reduced its expected adjusted earnings per share to between $4.60 and $4.80, compared with its previous guidance of between $5.30 and $5.40 per share.
On this news, the price of Pentair common stock fell sharply, closing down approximately 15% on July 15, 2026.
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Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
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