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 (Poolcorp), the world's leading wholesale distributor of swimming pool supplies and outdoor living products, provides essential updates through this dedicated news hub. Investors and industry professionals can access timely information about strategic initiatives, operational developments, and market positioning in the pool supplies sector.
This resource consolidates official announcements including quarterly earnings, product line expansions, and supply chain innovations. Users will find updates on digital platform enhancements like Pool360, partnership developments, and inventory management improvements that demonstrate POOL's industry leadership.
For consistent access to verified information about wholesale distribution trends and pool industry dynamics, bookmark this page for regular updates. Monitor POOL's operational milestones and strategic decisions through our curated collection of official communications and analysis.
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.
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