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) has declared a quarterly cash dividend of $0.58 per share, to be paid on March 25, 2021, to shareholders on record by March 11, 2021. As the world's largest wholesale distributor of swimming pool and related products, Pool Corp operates around 400 sales centers across North America, Europe, and Australia, distributing over 200,000 products to approximately 120,000 wholesale customers. This dividend reflects the company's commitment to returning value to its shareholders.
Pool Corporation (Nasdaq: POOL) announced that Mark W. Joslin, Senior Vice President and Chief Financial Officer, will participate in investor meetings at Citi’s 2021 Global Industrials Virtual Conference on February 18, 2021.
As the world's largest wholesale distributor of swimming pool and backyard products, Pool Corp operates approximately 400 sales centers globally, serving around 120,000 wholesale customers.
Pool Corporation reported record annual net sales of $3.9 billion for 2020, up 23% from 2019, driven by COVID-19 related demand for home-based outdoor living products. The operating margin increased to 11.8%, with diluted EPS reaching a record $8.97, up 40% year-over-year. Cash provided by operations improved by $98.8 million to $397.6 million. For 2021, diluted EPS guidance is projected between $9.12 and $9.62. Despite growth, operating expenses rose 14% due to performance-based compensation and acquisitions.
Pool Corporation (NASDAQ: POOL) will announce its fourth quarter and full year 2020 earnings results on February 11, 2021, before market open. Following the earnings release, a conference call is scheduled for 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss the results. The call will be accessible via a live webcast on the company's website, with a replay available later. Pool Corporation is the largest wholesale distributor of swimming pool and backyard products, operating 400 sales centers worldwide, serving approximately 120,000 customers.
Pool Corporation (Nasdaq: POOL) will have Mark W. Joslin, Senior VP and CFO, present at the 43rd Nasdaq Investor Conference on December 3, 2020, at 12:00 PM ET. The conference will be held virtually, and informational materials will be available on POOLCORP's website on the day of the event. As the largest wholesale distributor of swimming pool and related products, Pool Corporation operates about 390 sales centers across North America, Europe, and Australia, serving approximately 120,000 wholesale customers.
Pool Corporation (NASDAQ: POOL) announced participation in the Stephens Annual Investment Conference with a virtual presentation on November 18, 2020, at 10:00 AM ET. Peter D. Arvan, President and CEO, and Mark W. Joslin, CFO, will lead the presentation. Informational materials will be available on the company’s website that morning. As the largest wholesale distributor of swimming pool products, POOLCORP operates around 390 sales centers across North America, Europe, and Australia, serving approximately 120,000 customers.
Pool Corporation (Nasdaq: POOL) has announced participation in the Baird 2020 Global Industrial Conference, with a virtual presentation scheduled for November 11, 2020, at 9:40 AM ET. Presenters will include Peter D. Arvan, President and CEO, alongside Mark W. Joslin, Senior VP and CFO. Informational materials will be accessible on POOLCORP's website that morning. As the largest wholesale distributor of swimming pool products, the company operates approximately 390 sales centers globally, serving around 120,000 wholesale customers.
Pool Corporation (NASDAQ: POOL) has declared a quarterly cash dividend of $0.58 per share, payable on November 25, 2020, to shareholders of record as of November 12, 2020. As the world's largest wholesale distributor of swimming pool products, Pool Corporation operates approximately 380 sales centers across North America, Europe, and Australia, servicing around 120,000 wholesale customers with over 200,000 products.
Pool Corporation reported record Q3 2020 results with net sales of $1.14 billion, up 27% from Q3 2019. Diluted EPS increased 50% to $2.92, or 47% to $2.71 excluding tax benefits. Record cash from operations was $388.9 million, improving $145.7 million year-to-date. The company raised its 2020 earnings guidance to $8.05 - $8.35 per diluted share. Two acquisitions were made to expand its network, enhancing customer relationships. Despite a strong quarter, gross margin slightly declined to 28.8% year-to-date due to low-margin items comprising a larger product mix.
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