Pool Stock Price, News & Analysis

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.

Pool (Nasdaq: POOL) announced its participation in several investor conferences in June 2024, including the William Blair 44th Annual Growth Stock Conference on June 4, the Baird 2024 Global Consumer, Technology & Services Conference on June 5, the Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference on June 10, and the 2024 Wells Fargo Industrial Conference on June 12.

Pool is the world's largest wholesale distributor of swimming pool and related backyard products, operating approximately 440 sales centers in North America, Europe, and Australia. They distribute over 200,000 products to about 125,000 wholesale customers.

Pool announced an increase in its share repurchase program to $600.0 million, adding $316.2 million to the existing program. Additionally, the quarterly cash dividend was raised by 9% to $1.20 per share. The company's strong dividend growth history was highlighted, with this being the 19th increase since 2004. The Annual Meeting of Stockholders resulted in the election of directors and positive votes on key matters.

Pool (Nasdaq:POOL) will be presenting at the Oppenheimer 19th Annual Industrial Growth Conference with Melanie M. Hart, Vice President and Chief Financial Officer, on May 6, 2024. The company is the largest wholesale distributor of swimming pool and related backyard products, operating in North America, Europe, and Australia.