Pentair reports 17% Q2 sales drop and unveils $1.4 bn Taco Group acquisition

Pentair Taco Group acquisition Q2 sales decline pool equipment destocking $1.4 bn deal

Pentair said second‑quarter sales fell 17% to $933 million, impacted by a $170 million inventory correction in the U.S. residential pool channel as weak housing demand reduced pool equipment orders. The company's shares slipped nearly 5% in pre‑market trading following the release.

Adjusted earnings came in at $1.14 per share, below analysts' expectations of $1.20. CEO John L. Stauch attributed the miss to the larger‑than‑anticipated pool‑channel destocking. Pentair reaffirmed its full‑year outlook, forecasting adjusted earnings of $4.60‑$4.80 per share and a 4%‑7% decline in total sales.

The firm also announced a $1.40 billion purchase of hydronic and water‑based solutions provider Taco Group Holdings. Taco will become part of Pentair's Water Solutions segment, retain its brand name, and the transaction is expected to close in the fourth quarter of the year.

Entities

John L. Stauch · Pentair plc · Taco Group Holdings

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Pentair's second‑quarter sales fell 17% to $933 million. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] The Taco acquisition is expected to close in the fourth quarter of this year, and Taco will continue under its brand within Pentair's Water Solutions segment. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] Pentair's pool segment inventory destocking amounted to roughly $170 million. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] Pentair reaffirmed its full‑year outlook of adjusted earnings $4.60‑$4.80 per share and a 4%‑7% decline in sales. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] Pentair reported adjusted profit of $1.14 per share for Q2, below expectations of $1.20. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] Pentair's shares fell nearly 5% pre‑market after the earnings release. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] CEO John L. Stauch said the results were below expectations due to a larger‑than‑anticipated inventory correction in the pool channel. wdez.com · wxerfm.com · kfgo.com
[● 3 SOURCES] Pentair announced the acquisition of Taco Group Holdings for $1.40 billion. wdez.com · wxerfm.com · kfgo.com