Pentair PLC
PNR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <?@ | LOCK|wWWM | LOCK|>$b#jY |
Pentair Earnings: We Think That Pool Inventory Destocking Concerns Have Created a Buying Opportunity
Pentair's second-quarter core sales declined by 17% year over year, primarily due to pool channel inventory destocking. Adjusted EPS was $1.14, slightly above the $1.12 guidance issued with the preliminary second-quarter results announcement on July 14.
