Welcome to our dedicated page for Pool news (Ticker: POOL), a resource for investors and traders seeking the latest updates and insights on Pool stock.
Pool Corporation (NASDAQ: POOL) is described as the world’s largest wholesale distributor of swimming pool and related backyard products, operating in the Wholesale Trade sector as a Sporting and Recreational Goods and Supplies Merchant Wholesaler. The POOL news feed on Stock Titan aggregates company press releases, third-party announcements and regulatory disclosures that relate to its wholesale distribution of swimming pool supplies, equipment, pool building materials and related outdoor living products.
News about Pool Corporation frequently covers quarterly earnings results, where the company reports net sales, gross margin, operating income, net income and earnings per diluted share. These releases often discuss trends in maintenance products, private-label chemical products, discretionary items such as building materials, and updates to the company’s annual earnings guidance range. They also provide commentary from management on sales center expansion, pricing optimization, supply chain management and customer-facing technology initiatives.
Investors and industry followers can also find dividend announcements in Pool Corporation’s news, where the Board of Directors declares quarterly cash dividends and specifies record and payment dates. The company regularly announces participation in investor conferences and provides details on earnings release dates and conference calls, including access to webcasts and replays.
Pool Corporation’s news flow includes strategic partnerships and supplier agreements. For example, a partnership with Aiper outlines plans for Pool Corporation to distribute a full suite of cordless robotic pool cleaners to independent retailers, pool builders and service companies through its global B2B supply chain of over 450 locations. Leadership updates, such as executive appointments and retirements, also appear in company press releases and provide context on oversight of swimming pool operations in North America and digital and technology initiatives.
By following POOL news, readers can monitor how Pool Corporation manages its extensive sales center network in North America, Europe and Australia, its relationships with more than 2,000 manufacturers and vendors, and its communication on factors that may affect performance, such as economic conditions, weather, consumer discretionary spending and regulatory changes as referenced in its forward-looking statements.
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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Pool Corporation (NASDAQ: POOL) will announce its third quarter 2020 earnings results on October 22, 2020, prior to market opening. A conference call for discussing the results is scheduled for 10:00 a.m. CT. Interested parties can access the earnings release, live webcast, and call replay on the Company's website. Pool Corp is the largest wholesale distributor of swimming pool and backyard products, operating approximately 375 sales centers globally and serving around 120,000 customers.
Pool Corporation (Nasdaq: POOL) has announced that its President and CEO, Peter D. Arvan, will participate in the William Blair ‘What’s Next for Industrials?’ Virtual Conference. The presentation is scheduled for September 25, 2020, at 10:00 AM ET. Informational materials will be available on POOLCORP's website that morning. As the world’s largest wholesale distributor of swimming pool and backyard products, POOLCORP operates around 375 sales centers globally, offering over 200,000 products to approximately 120,000 wholesale customers. For more details, visit www.poolcorp.com.
Pool Corporation (Nasdaq: POOL) will have its Chief Financial Officer, Mark W. Joslin, participate in the 2020 RBC Capital Markets Global Industrials Virtual Conference. The session is scheduled for September 15, 2020, at 8:40 AM Eastern Time, featuring a presentation followed by a Q&A session. POOLCORP, the largest wholesale distributor of swimming pool products, operates around 375 sales centers globally, offering over 200,000 products to approximately 120,000 wholesale customers. Details will be available on their website.
Pool Corporation (Nasdaq: POOL) announced the retirement of A. David Cook as Group Vice President effective March 1, 2021. Cook's 30-year tenure at POOLCORP has been marked by significant leadership contributions. He will assist in transitioning his responsibilities to the current management team. Pool Corporation is the largest distributor of swimming pool and related products, operating around 375 locations globally and serving approximately 120,000 wholesale customers. The company warns that forward-looking statements are subject to risks, including those from COVID-19 and weather impacts.
Pool Corporation (Nasdaq: POOL) has declared a quarterly cash dividend of $0.58 per share, scheduled for payment on August 27, 2020. The record date for this dividend is August 13, 2020. As the largest wholesale distributor of swimming pool and backyard products globally, POOLCORP operates about 375 sales centers across North America, Europe, and Australia, serving approximately 120,000 wholesale customers with over 200,000 products.
Pool Corporation (Nasdaq: POOL) announced that its CFO, Mark W. Joslin, will participate in the Jefferies Virtual Industrials Conference on August 5, 2020, at 10:20 AM Eastern Time. The company, the world’s largest wholesale distributor of swimming pool products, operates around 375 sales centers globally. Informational materials will be available on POOLCORP's website prior to the conference. Forward-looking statements in this release highlight potential risks, including those related to COVID-19.
Pool Corporation reported record net sales of $1.28 billion for Q2 2020, up 14% from $1.12 billion in Q2 2019, driven by increased demand for pool products as families sought at-home leisure. Diluted EPS rose 20% to $3.87, or a 23% increase to $3.72 excluding tax benefits. The company raised its 2020 earnings guidance to $6.90 - $7.30 per diluted share. Cash provided by operations reached $221.2 million, a significant increase of $123.8 million from 2019. Operating income also saw a rise of 19% to $205.9 million, showcasing strong performance amid the pandemic.
Pool Corporation (NASDAQ: POOL) will release its second quarter 2020 earnings results before the market opens on July 23, 2020. A conference call is scheduled for 10:00 a.m. Central Time on the same day to discuss the results. Investors can access the earnings release, live webcast, and replay on the company's website. Pool Corporation is the largest wholesale distributor of swimming pool and backyard products, operating 375 sales centers globally, providing over 200,000 products to around 120,000 wholesale customers.
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