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Pentair’s Pool Business in Freefall | Durham News
Pentair’s pandemic-driven pool boom is turning into a financial bust as the company slumps into a sales downturn, slashed its full-year forecast, and lost investor trust after its CFO stepped down just before a brutal earnings report. The culprit? “Destocking” — distributors hoarding inventory, delaying orders, and crushing Pentair’s revenue even as consumers still buy pools. Rising interest rates and inflation are compounding the problem, while Wall Street downgrades the stock. Thankfully, its Flow and Water Solutions segments are holding steady, and tariff refunds plus share buybacks offer…
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