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0.000317863954227603 -0.000211909302818352 -0.00105954651409191 -0.00127145581691026 0.00434414070777719 0.00434414070777719 0.00434414070777719 0.00434414070777719
Stock impact report

Pentair shares slide on water segment sales drop and residential restructuring [Seeking Alpha]

Pentair plc. Ordinary Share (PNR) 
Last pentair plc. ordinary share earnings: 4/30 06:55 am Check Earnings Report
Company Research Source: Seeking Alpha
a sharp sales decline in its Water Solutions segment and outlined restructuring moves in its residential business, overshadowing a narrow revenue beat and adjusted earnings Quick Insights A 10% sales decline and 12% income drop in Water Solutions raised concerns about business mix and ongoing restructuring pressures, negatively impacting investor sentiment. Pentair is adjusting its executive structure to better align the residential flow and water solutions segments with distribution channels, signaling ongoing restructuring in its residential portfolio. Pentair forecast modest 3-4% sales growth and adjusted earnings slightly above consensus, which some view as conservative despite recent margin gains. Recommended For You More Trending News Show less Read more
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