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Markets

Major water company in distress as pool business collapses

TST (Full) - (Official Feed) · 15h ago

Major water company in distress as pool business collapses

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 ...

Read the full story at TST (Full) - (Official Feed) →

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