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Pentair shares dip 17% on dour forecast amid weak pool sales

Markets-Economic Times · 11h ago · 🇮🇳 India
Pentair shares dip 17% on dour forecast amid weak pool sales

Pentair shares dropped sharply after the company cut its annual forecast, citing weak demand in its pool segment. High interest rates and inflation have pressured spending on outdoor projects, while distributors continue inventory cuts. The outlook signals a deeper slowdown in the pool equipment industry and broader demand concerns.

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