Major water company in distress as pool business collapses
· finance.yahoo.com
Pentair (PNR) was one of the pandemic's quiet winners, riding America's backyard pool boom. However, that run ended this week. The company pre-announced weak second-quarter results on July 14, cut its full-year outlook, and revealed its CFO had left four days earlier. Shares dropped about 15% the ...
The timing is what turned a guidance cut into a credibility problem.
Persistent inflation , which pushes discretionary outdoor spending down the household prio...