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 (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.
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.