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.
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