Pool Stock Price, News & Analysis

Pool (POOL) reported Q3 2024 results with net sales of $1.4 billion, down 3% from Q3 2023. The company maintained steady demand for maintenance products while discretionary business segments faced pressure. Gross margin remained stable at 29.1%, while operating income decreased 9% to $176.4 million. Q3 diluted EPS was $3.27, down 7% from $3.51 in 2023. The company maintained its 2024 full-year earnings guidance range of $11.06 - $11.46 per diluted share. Total debt decreased by $110.1 million compared to September 2023, and inventory levels were reduced by 6% to $1.2 billion.

Pool (Nasdaq: POOL) has announced the release date for its third quarter 2024 earnings results. The company will publish the results before the market opens on October 24, 2024, followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on the same day to discuss the outcomes.

Investors and interested parties can access the earnings release and participate in the conference call through various means:

• The earnings release and a live webcast of the call will be available on the company's website at www.poolcorp.com
• A replay of the conference call will also be accessible on the website
• The conference call can be joined by dialing 1-888-348-8936 (domestic) or 1-412-902-4265 (international)

Pool is recognized as the world's largest wholesale distributor of swimming pool and related backyard products, operating approximately 445 sales centers across North America, Europe, and Australia.

Pool (Nasdaq: POOL), the world's largest wholesale distributor of swimming pool and related backyard products, has announced its participation in two upcoming investor events in September 2024:

1. Goldman Sachs 31st Annual Global Retailing Conference on September 4, 2024
2. Jefferies Industrials Conference 2024 on September 5, 2024

Both events will include investor meetings and a fireside chat. POOLCORP operates approximately 445 sales centers across North America, Europe, and Australia, distributing over 200,000 products to around 125,000 wholesale customers. This participation demonstrates the company's commitment to engaging with investors and showcasing its market position in the pool and backyard products industry.

Pool (Nasdaq/GSM:POOL) has announced a quarterly cash dividend of $1.20 per share, payable on August 29, 2024, to shareholders of record as of August 15, 2024. This decision was made by the company's Board of Directors. POOLCORP is the world's largest wholesale distributor of swimming pool and related backyard products, operating approximately 445 sales centers across North America, Europe, and Australia. The company distributes over 200,000 products to about 125,000 wholesale customers.

Pool (Nasdaq/GSM:POOL) reported Q2 2024 results with net sales of $1.8 billion, down 5% from Q2 2023. The company saw strong maintenance revenues and a gross margin of 30.0%. Operating income was $271.5 million with an operating margin of 15.3%. Diluted EPS reached $4.99, or $4.98 without tax benefits. Pool Corp confirmed its annual earnings guidance range of $11.05 - $11.45 per diluted share.

The company noted improved sales trends compared to Q1 2024, with maintenance products performing well despite lower consumer spending on discretionary items. Pool Corp remains focused on strategic growth investments, capacity creation, and innovation. The company completed eight of ten planned new sales center openings and made progress with technology initiatives.

Pool (Nasdaq: POOL) announced it will release its second quarter 2024 earnings results on July 25, 2024, before market opening.

A conference call to discuss the results will be held at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on the same day. The earnings release, along with a live webcast and replay of the conference call, will be accessible on the company's website.

Pool , the world's largest wholesale distributor of swimming pool and related backyard products, operates around 440 sales centers across North America, Europe, and Australia, providing over 200,000 products to roughly 125,000 wholesale customers.

Pool (Nasdaq: POOL) released its 2023 Corporate Responsibility Report on June 26, 2024, emphasizing its commitment to environmental and social governance (ESG). Key achievements include expanded Scope 1 and Scope 2 emissions disclosures aligned with the Greenhouse Gas (GHG) Protocol and Sustainability Accounting Standards Board (SASB) standards. The report also provides additional human capital metrics. Additionally, their Swimpact! program supported swimming lessons for 42,000 children and lifeguard training for 3,000 individuals through a partnership with the YMCA. This reflects POOL's focus on creating a safer and more sustainable future.

Pool (Nasdaq/GSM: POOL) has provided an update on the 2024 swimming pool season and revised its earnings guidance. The company reports a 6.5% decline in year-to-date net sales compared to 2023.

Q2 2024 revenues missed expectations due to lower new pool construction and remodeling activities, now anticipated to be down 15%-20% and 15%, respectively, for the year. Consequently, POOL has reduced its annual earnings guidance to $11.04-$11.44 per diluted share, down from $13.19-$14.19.

Despite these challenges, non-discretionary and recurring revenues from pool maintenance and repairs remain robust. POOL is focused on managing expenses, generating free cash flow, and continuing its operational improvements and productivity enhancements.

The company will release Q2 2024 earnings on July 25, 2024, followed by a conference call to discuss the results.

Pool (Nasdaq: POOL) has appointed Kevin M. Murphy as a new director. This appointment increases the Board's size from eight to nine members. Murphy, CEO of Ferguson plc, will serve until the 2025 annual meeting of shareholders. He brings a wealth of experience from his tenure at Ferguson, where he has held various leadership roles since 1999. His expertise in transformation, digital technology, and e-commerce initiatives is expected to add significant value to Pool Pool is a leading wholesale distributor of swimming pool and backyard products, operating approximately 440 sales centers globally, distributing over 200,000 products to about 125,000 wholesale customers.