PENTAIR PLC INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
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NEW YORK, July 17, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Pentair plc ("Pentair" or the "Company") (NYSE: PNR). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices. [ LEARN MORE ABOUT THE INVESTIGATION ] What Happened? On July 14, 2026, Pentair announced preliminary second quarter 2026 financial results, substantially reduced its full-year financial guidance, and announced the departure of its Chief Financial Officer, effective immediately. 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. The Company also reduced its full-year 2026 guidance. Pentair 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...
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