Pool Corporation Announces an Increase in Its Share Repurchase Program, Growth of Its Quarterly Cash Dividend and 2025 Annual Meeting of Stockholders Voting Results

Rhea-AI Summary

Pool Corporation (POOL) has announced significant shareholder-focused initiatives and annual meeting results. The Board authorized an increase in the share repurchase program to $600.0 million, adding $309.2 million to the existing $290.8 million balance.

The company declared a quarterly cash dividend of $1.25 per share, representing a 4% increase from the previous $1.20 per share. The dividend will be paid on May 29, 2025, to stockholders of record as of May 15, 2025. This marks POOLCORP's 20th quarterly dividend increase since 2004.

At the Annual Meeting, stockholders elected nine directors and approved key measures including:

• Retention of Ernst & Young LLP as independent auditor for 2025
• Executive compensation package as disclosed in the Proxy Statement

The company currently has 37,595,213 outstanding common shares and emphasizes its commitment to advancing the outdoor living industry through its sales center network and digital ecosystem.

Positive

• Share repurchase program increased to $600M, with $309.2M additional authorization
• Quarterly dividend increased 4% to $1.25 per share
• 20th consecutive quarterly dividend increase since 2004, showing consistent shareholder returns
• Growing product assortment and robust digital ecosystem improvements

Negative

• None.

Insights

Financial Analyst

Pool Corporation's $309.2M buyback increase and 4% dividend boost signal strong financial health and commitment to shareholder returns.

Pool Corporation has announced a substantial enhancement to its capital return strategy with two key components. First, the Board has increased the share repurchase authorization to $600.0 million, adding $309.2 million to the $290.8 million previously available. This significant buyback capacity provides the company with considerable flexibility to opportunistically reduce share count, potentially enhancing earnings per share and supporting stock value.

Second, the Board declared a quarterly dividend of $1.25 per share, representing a 4% increase from the previous $1.20. This marks POOLCORP's 20th consecutive quarterly dividend increase since 2004 - an exceptional track record that demonstrates remarkable consistency in capital returns spanning nearly two decades. Few companies maintain such reliable dividend growth patterns, typically reflecting strong recurring cash flows and disciplined financial management.

With 37,595,213 shares outstanding, the enhanced dividend represents a meaningful recurring commitment to shareholder returns. The dual approach of substantial buyback capacity alongside steady dividend growth creates a balanced capital return framework that offers both immediate benefits and potential long-term value enhancement. This two-pronged strategy suggests management's confidence in POOLCORP's financial position and future cash generation capabilities.

The company's continued investment in its sales center network and digital ecosystem, as mentioned by the Board Chair, provides strategic context for these shareholder returns - indicating these operational investments are generating sufficient cash flow to simultaneously fund growth initiatives and enhance capital returns.

COVINGTON, La., April 30, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors (the Board) has authorized an increase in the company’s share repurchase program to $600.0 million. As of April 29, 2025, this adds $309.2 million to the $290.8 million remaining under its existing share repurchase program for the purchase of the company’s common stock in the open market at prevailing market prices. The share repurchase program will continue until otherwise modified or terminated by the Board at any time in its sole discretion.

The company also announced that the Board has declared a quarterly cash dividend of $1.25 per share, a 4% increase over the previous quarterly dividend of $1.20 per share. The dividend is payable on May 29, 2025 to stockholders of record on May 15, 2025. As of April 29, 2025, there were 37,595,213 shares of common stock outstanding.

John Stokely, Chair of the Board, commented, “Today marks POOLCORP’s 20th quarterly dividend increase since 2004. This milestone, combined with the expansion of our share repurchase program, demonstrates the Board’s ongoing commitment to return capital to our shareholders. We are proud of POOLCORP’s role in advancing the outdoor living industry through our vast sales center network. With a growing assortment of innovative products and a robust digital ecosystem that elevates the customer experience, we are connecting customers with our products and expertise like never before. Looking ahead, we believe that these efforts will translate into meaningful returns for our shareholders.”

At POOLCORP’s Annual Meeting of Stockholders on April 30, 2025, stockholders elected Peter D. Arvan, Martha “Marty” S. Gervasi, James “Jim” D. Hope, Kevin M. Murphy, Debra S. Oler, Manuel J. Perez de la Mesa, Carlos A. Sabater, John E. Stokely and David G. Whalen to serve as directors for the ensuing year.

At the Annual Meeting of Stockholders, stockholders also:

• ratified the retention of Ernst & Young LLP as the independent registered public accounting firm of the company for the 2025 fiscal year; and
• approved the compensation of the company’s named executive officers as disclosed in the Proxy Statement (the advisory say-on-pay vote).

About Pool Corporation

Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 445 sales centers in North America, Europe and Australia through which it distributes more than 200,000 products to roughly 125,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.

Forward-Looking Statements

This news release may include “forward-looking” statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. Actual results may differ materially due to a variety of factors, including the sensitivity of our business to weather conditions; changes in economic conditions, consumer discretionary spending, the housing market, inflation or interest rates and other risks detailed in POOLCORP’s 2024 Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the Securities and Exchange Commission (SEC).

CONTACT:

Kristin S. Byars
Director, Investor Relations and Finance
985.801.5153
kristin.byars@poolcorp.com

FAQ

How much did Pool Corporation (POOL) increase its share buyback program to in April 2025?

Pool Corporation increased its share repurchase program to $600 million, adding $309.2 million to the existing $290.8 million remaining under the previous program.

What is the new quarterly dividend for POOL stock in 2025?

Pool Corporation increased its quarterly dividend by 4% to $1.25 per share, payable on May 29, 2025, to stockholders of record on May 15, 2025.

How many consecutive dividend increases has POOL made since 2004?

As of April 2025, Pool Corporation has made 20 quarterly dividend increases since 2004, demonstrating consistent growth in shareholder returns.

How many shares of POOL stock were outstanding as of April 29, 2025?

Pool Corporation had 37,595,213 shares of common stock outstanding as of April 29, 2025.

Who were the directors elected to Pool Corporation's board in April 2025?

Nine directors were elected: Peter D. Arvan, Martha Gervasi, James Hope, Kevin Murphy, Debra Oler, Manuel Perez de la Mesa, Carlos Sabater, John Stokely, and David Whalen.