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stocksJul 14, 2026, 9:24 PM

Pentair CFO Resigns, Q2 Sales Guidance Cut 17%

Pentair CFO Nicholas Brazis resigns; Robert Fishman appointed interim CFO. The company warns Q2 sales of ~$930M are 17% below prior guidance, with full-year revenue expected down 4%-7%.

PNR

Pentair (PNR) announced the resignation of CFO Nicholas Brazis, effective immediately. Robert Fishman, former CEO of the Industrial & Flow Technologies segment, has been appointed interim CFO while the company searches for a permanent replacement.

The company provided preliminary Q2 2024 results: sales are expected around $930 million, approximately 17% below prior guidance. Adjusted EPS is seen at ~$1.12, including an estimated $35 million benefit from IEEPA refunds. For the full year, Pentair now expects sales to decline 4%-7% year over year and adjusted EPS in the range of $4.60-$4.80.

Source: First Squawk