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 reported net sales of $1.2 billion in Q1 2023, a 15% decline from $1.4 billion in Q1 2022, marking its third consecutive year of surpassing $1 billion in quarterly sales. The operating income was $145.8 million, yielding an operating margin of 12.1%. The company updated its annual earnings guidance to a range of $14.62 - $16.12 per diluted share. While southern markets showed resilience, western regions faced challenges due to unfavorable weather, impacting new pool construction and maintenance sales. Net income fell 43% to $101.7 million, and diluted EPS decreased 41% to $2.58. Management remains optimistic about long-term growth prospects despite current headwinds.
Pool Corporation (Nasdaq: POOL) announced that it will release its first quarter 2023 earnings results on April 20, 2023, before market opens. A conference call to discuss these results will be held at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on the same day. Investors can access the live webcast and replay of the call on the Company’s website. Pool Corporation is recognized as the largest wholesale distributor of swimming pool and backyard products globally, operating about 420 sales centers across North America, Europe, and Australia. The Company serves around 125,000 wholesale customers, distributing over 200,000 national and private label products.
On March 6, 2023, Pool Corporation (Nasdaq: POOL) announced that Melanie M. Hart, the Vice President and Chief Financial Officer, will participate in virtual investor meetings at the Loop Capital Markets 2023 Investor Conference on March 13, 2023. This conference is an opportunity for investors to engage with key executives and gain insights into the company’s operations and future prospects.
As the largest wholesale distributor of swimming pool and backyard products globally, Pool Corporation operates around 420 sales centers across North America, Europe, and Australia, distributing over 200,000 products to approximately 125,000 wholesale customers.
Pool Corporation (Nasdaq: POOL) announced a quarterly cash dividend of $1.00 per share, set to be paid on March 29, 2023, to shareholders on record by March 15, 2023. As the world’s largest wholesale distributor of swimming pool and backyard products, Pool Corporation operates around 420 sales centers across North America, Europe, and Australia, distributing over 200,000 products to approximately 125,000 wholesale customers. This dividend decision reflects the company's commitment to providing returns to its shareholders while reinforcing its strong market position.
Pool Corporation (NASDAQ: POOL) reported a record annual net sales of $6.2 billion for 2022, marking a 17% increase from 2021. Operating income rose 23% to $1.0 billion, alongside a diluted EPS of $18.70, a 17% increase over the previous year. The company attributed sales growth to strong consumer demand and effective supply chain management. However, 2023 diluted EPS guidance is projected between $16.03 and $17.03, reflecting a decline of 9%-14% from 2022 figures. Despite challenges like currency fluctuations and adverse weather conditions, Pool Corp highlights its long-term growth prospects.
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