Welcome to our dedicated page for Pool Corporation news (Ticker: POOL), a resource for investors and traders seeking the latest updates and insights on Pool Corporation stock.
Pool Corporation (NASDAQ: POOL) stands as the leading wholesale distributor of swimming pool supplies, equipment, and related leisure products worldwide. With a workforce exceeding 3,400 employees and operations spanning over 300 locations globally, Pool Corp is renowned for its extensive inventory and commitment to customer satisfaction.
The company offers a wide array of products encompassing construction materials, replacement parts, fencing, pool care products, and spas. Serving approximately 80,000 wholesale customers, Pool Corp provides access to more than 160,000 national brand and private label products, ensuring its clientele receives the best value through strategic cost management and optimized supply logistics.
Pool Corp's dedication to growth is evident in its continuous expansion of product offerings and its unwavering focus on delivering exceptional value. The company's goal is to foster growth for its customers' businesses, create opportunities for employees, and enhance returns for shareholders.
Customers include pool builders, remodelers, independent retail stores, and pool repair and service companies. Pool Corp's product range features non-discretionary pool-maintenance items like chemicals and replacement parts, along with pool equipment such as packaged pool kits, cleaners, filters, heaters, pumps, and lights.
Recent Achievements and News:
- Pool Corp announced the release of its second quarter 2023 earnings results on July 20, 2023, with a conference call to discuss the results scheduled for the same day.
- The company's financial performance remains robust, with notable figures including a $10.6 million allowance for doubtful accounts and a $25.9 million inventory reserve as of September 30, 2023.
- Pool Corp continues to maintain a strong base business, excluding sales centers that do not align with its long-term growth strategy.
Pool Corporation (Nasdaq: POOL) will participate in investor meetings at the KeyBanc Capital Markets Industrial & Basic Materials Virtual Conference on June 2, 2021. Mark W. Joslin, Senior VP and CFO, along with Melanie Housey Hart, VP and Chief Accounting Officer, will represent the company. Informational materials will be available on POOLCORP’s website on the day of the conference.
As the world’s largest wholesale distributor of swimming pool and backyard products, POOLCORP operates around 400 sales centers globally, serving approximately 120,000 wholesale customers.
Pool Corporation announced the appointment of Martha “Marty” Gervasi as a new director, effective May 24, 2021. Her tenure will last until the 2022 annual shareholder meeting, where she will be up for election. Gervasi brings over 30 years of experience in human capital leadership, including her role as Chief Human Resources Officer at The Hartford. Chairman John E. Stokely emphasized that her expertise in human capital strategies will enhance the board's decision-making process for the benefit of the company and its shareholders.
At its Annual Meeting on May 4, 2021, Pool Corporation (NASDAQ: POOL) elected eight directors to serve for the upcoming year, ensuring a robust governance structure. Stockholders also ratified Ernst & Young LLP as the independent auditor for the 2021 fiscal year and approved the compensation for named executive officers. Chairman Harlan F. Seymour expressed appreciation for retiring director Andrew W. Code's 28 years of service. Pool Corporation remains a leader in wholesale distribution of swimming pool and backyard products, operating 400 centers globally.
Pool Corporation (NASDAQ: POOL) has declared a quarterly cash dividend of $0.80 per share, marking a significant 38% increase from the previous $0.58. This dividend will be paid on May 28, 2021, to shareholders on record as of May 17, 2021. Additionally, the Board has approved an increase of $450 million to its share repurchase program, raising the total authorization to $557.4 million. As of May 3, 2021, Pool Corporation had 40,131,408 shares outstanding, solidifying its position as the largest global distributor of swimming pool products.
Pool Corporation (Nasdaq: POOL) will participate in the Oppenheimer 16th Annual Industrial Growth Conference on May 5, 2021, at 12:45 PM ET. CEO Peter D. Arvan and CFO Mark W. Joslin will deliver a virtual presentation, with materials available on the company's website. Pool Corporation is a leading distributor of swimming pool and backyard products, operating around 400 sales centers across North America, Europe, and Australia, serving 120,000 wholesale customers. The release also notes risks related to COVID-19 and weather that may affect results.
Pool Corporation reported record net sales of $1.06 billion for Q1 2021, a 57% increase from the previous year, with base business sales rising 51%. Operating income soared 263% to $129.0 million, significantly improving operating margin to 12.2%. Diluted EPS jumped 223% to a record $2.42. The company increased its 2021 earnings guidance from $9.12 - $9.62 to $11.85 - $12.60 per diluted share.
Net cash from operations also saw a substantial rise of £57.4 million year-over-year, totaling $77.1 million.
Pool Corporation (Nasdaq: POOL) announced that Melanie Housey Hart, Vice President and Chief Accounting Officer, will participate in the 24th Annual Burkenroad Reports Investment Conference on April 23, 2021, at 9:00 AM Central Time. The presentation will be virtual, and attendees can access informational materials on the company's website that morning. Pool Corporation is the largest wholesale distributor of swimming pool and backyard products, operating around 400 sales centers across North America, Europe, and Australia.
Pool Corporation (NASDAQ: POOL) will announce its Q1 2021 earnings results on April 22, 2021. The earnings release will be available before the market opens, followed by a conference call at 10:00 AM CT (11:00 AM ET). Interested parties can access the call by dialing 1-888-348-8936 (domestic) or 1-412-902-4265 (international). Pool Corporation is recognized as the world's largest wholesale distributor of swimming pool and backyard products, operating around 400 sales centers and serving approximately 120,000 customers globally.
Pool Corporation (Nasdaq: POOL) announced that its President and CEO, Peter D. Arvan, will participate in the UBS Global Consumer & Retail Virtual Conference on March 9, 2021, at 2:00 PM ET. The presentation will provide insights into the company’s operations and market positioning.
As the world's largest wholesale distributor of swimming pool and backyard products, POOLCORP operates approximately 400 sales centers across North America, Europe, and Australia, supplying over 200,000 products to about 120,000 wholesale customers.
Pool Corporation (POOL) announces the retirement of Mark W. Joslin as CFO and Treasurer, effective in 2021, after 16 years with the company. Melanie Housey Hart, currently Vice President and Corporate Controller, has been appointed as the new CFO. Joslin will assist in the transition to ensure continuity. Hart's extensive experience includes roles in financial reporting and strategic initiatives at Pool Corporation and Ernst & Young, making her well-positioned to drive shareholder growth.
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