Pool Corporation Reports Second Quarter Results and Updates Annual Earnings Guidance Range
Pool Corporation (Nasdaq/GSM:POOL) reported its Q2 2025 results with a 1% increase in net sales to $1.8 billion and a 4% rise in diluted EPS to $5.17. The company maintained a strong gross margin of 30.0% and achieved operating income of $272.7 million.
Key highlights include the opening of their 450th sales center, strong performance in maintenance products, and improving trends in discretionary spending. The company's inventory stood at $1.3 billion, up 3% year-over-year, while total debt increased to $1.2 billion.
Based on Q2 performance, Pool Corporation updated its full-year earnings guidance to $10.80-$11.30 per diluted share, including a $0.10 ASU 2016-09 tax benefit.
Pool Corporation (Nasdaq/GSM:POOL) ha comunicato i risultati del secondo trimestre 2025 con un aumento dell'1% delle vendite nette a 1,8 miliardi di dollari e un incremento del 4% dell'EPS diluito a 5,17 dollari. L'azienda ha mantenuto un solido margine lordo del 30,0% e ha realizzato un utile operativo di 272,7 milioni di dollari.
Tra i punti salienti si segnalano l'apertura del 450° centro vendite, una forte performance nei prodotti per la manutenzione e tendenze migliorative nella spesa discrezionale. L'inventario dell'azienda ammontava a 1,3 miliardi di dollari, con un aumento del 3% su base annua, mentre il debito totale è salito a 1,2 miliardi di dollari.
In base ai risultati del secondo trimestre, Pool Corporation ha aggiornato le previsioni sugli utili per l'intero anno a 10,80-11,30 dollari per azione diluita, includendo un beneficio fiscale ASU 2016-09 di 0,10 dollari.
Pool Corporation (Nasdaq/GSM:POOL) informó sus resultados del segundo trimestre de 2025 con un aumento del 1% en las ventas netas hasta 1.8 mil millones de dólares y un incremento del 4% en las ganancias por acción diluidas a 5.17 dólares. La compañía mantuvo un sólido margen bruto del 30.0% y alcanzó un ingreso operativo de 272.7 millones de dólares.
Entre los puntos destacados se incluye la apertura de su 450º centro de ventas, un desempeño fuerte en productos de mantenimiento y tendencias positivas en el gasto discrecional. El inventario de la empresa se situó en 1.3 mil millones de dólares, un aumento del 3% interanual, mientras que la deuda total creció a 1.2 mil millones de dólares.
Con base en el desempeño del segundo trimestre, Pool Corporation actualizó su pronóstico de ganancias para todo el año a 10.80-11.30 dólares por acción diluida, incluyendo un beneficio fiscal ASU 2016-09 de 0.10 dólares.
Pool Corporation (나스닥/GSM:POOL)은 2025년 2분기 실적을 발표하며 순매출이 18억 달러로 1% 증가했고, 희석 주당순이익(EPS)은 5.17달러로 4% 상승했습니다. 회사는 30.0%의 견고한 총이익률을 유지했으며, 영업이익은 2억 7,270만 달러를 기록했습니다.
주요 내용으로는 450번째 판매 센터 개설, 유지보수 제품의 강한 실적, 그리고 재량 지출의 개선 추세가 포함됩니다. 회사의 재고는 13억 달러로 전년 대비 3% 증가했으며, 총 부채는 12억 달러로 늘어났습니다.
2분기 실적을 바탕으로 Pool Corporation은 연간 순이익 가이던스를 희석 주당 10.80~11.30달러로 상향 조정했으며, 여기에는 ASU 2016-09 세제 혜택 0.10달러가 포함되어 있습니다.
Pool Corporation (Nasdaq/GSM:POOL) a publié ses résultats du deuxième trimestre 2025 avec une hausse de 1% du chiffre d'affaires net à 1,8 milliard de dollars et une augmentation de 4% du BPA dilué à 5,17 dollars. L'entreprise a maintenu une solide marge brute de 30,0% et a réalisé un résultat opérationnel de 272,7 millions de dollars.
Les points clés incluent l'ouverture de leur 450e centre de vente, une forte performance dans les produits d'entretien et des tendances à l'amélioration dans les dépenses discrétionnaires. Les stocks de l'entreprise s'élevaient à 1,3 milliard de dollars, en hausse de 3% sur un an, tandis que la dette totale a augmenté à 1,2 milliard de dollars.
Sur la base des performances du deuxième trimestre, Pool Corporation a mis à jour ses prévisions de bénéfices annuels à 10,80-11,30 dollars par action diluée, incluant un avantage fiscal ASU 2016-09 de 0,10 dollar.
Pool Corporation (Nasdaq/GSM:POOL) meldete seine Ergebnisse für das zweite Quartal 2025 mit einem Umsatzanstieg von 1% auf 1,8 Milliarden US-Dollar und einem Anstieg des verwässerten Gewinns je Aktie um 4% auf 5,17 US-Dollar. Das Unternehmen hielt eine starke Bruttomarge von 30,0% und erzielte einen operativen Gewinn von 272,7 Millionen US-Dollar.
Zu den wichtigsten Highlights zählen die Eröffnung des 450. Vertriebszentrums, eine starke Leistung bei Wartungsprodukten und verbesserte Trends bei diskretionären Ausgaben. Der Lagerbestand des Unternehmens belief sich auf 1,3 Milliarden US-Dollar, ein Anstieg von 3% im Jahresvergleich, während die Gesamtverschuldung auf 1,2 Milliarden US-Dollar zunahm.
Basierend auf den Ergebnissen des zweiten Quartals aktualisierte Pool Corporation seine Gewinnprognose für das Gesamtjahr auf 10,80-11,30 US-Dollar je verwässerter Aktie, einschließlich eines Steuerbenefits von 0,10 US-Dollar gemäß ASU 2016-09.
- Net sales increased 1% to $1.8 billion in Q2 2025
- Diluted EPS grew 4% to $5.17 in Q2 2025
- Maintained strong gross margin at 30.0%
- Operating income increased by $1.2 million
- Expansion to 450th sales center milestone achieved
- Strong performance in maintenance and private-label chemical products
- Net cash used in operations was $1.5 million vs. $172.1 million provided in 2024
- Total debt increased by $113.4 million to $1.2 billion
- Six-month net income decreased 9% to $247.8 million
- Operating margin declined to 12.3% from 13.2% for six months ended June 30
- Gross margin declined 40 basis points to 29.7% in first six months
Insights
POOL reports modest 1% Q2 sales growth with solid EPS improvement despite challenging market conditions.
Pool Corporation's Q2 2025 results reveal a 1% sales increase to
Gross margin held steady at
The results reveal a divergence between quarterly and half-year performance. While Q2 showed improvement, the six-month figures indicate a
POOL's inventory management strategy appears deliberate, with a
Management's narrowed full-year EPS guidance of
Highlights
- Net sales increased
1% from Q2 2024 to$1.8 billion , supported by strong execution of strategic initiatives - Achieved Q2 2025 gross margin of
30.0% - Operating income of
$272.7 million , a$1.2 million increase, resulting in an operating margin of15.3% - Q2 2025 diluted EPS increased
4% from Q2 2024 to$5.17 - Updates annual earnings guidance range to
$10.80 -$11.30 per diluted share
COVINGTON, La., July 24, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) today reported results for the second quarter of 2025 and updated its annual earnings guidance.
“During the second quarter of 2025, we saw sales expansion, reflecting continued growth in maintenance products and improving trends on discretionary spending, and celebrated the opening of our 450th sales center. We remain focused on prioritizing our strategic initiatives through providing an outstanding customer experience and advancing our technology investments, positioning the business for sustained success,” commented Peter D. Arvan, president and CEO.
Second quarter ended June 30, 2025 compared to the second quarter ended June 30, 2024
Net sales increased
Gross profit increased
Selling and administrative expenses (operating expenses) were held to a
Operating income increased
Net income increased to
Six months ended June 30, 2025 compared to the six months ended June 30, 2024
Net sales declined
Operating expenses increased
Net income decreased
Earnings per diluted share decreased
Balance Sheet and Liquidity
Our inventory balance was
Net cash used in operations was
Outlook
“We delivered solid results in the second quarter of 2025 through disciplined execution despite a constrained market environment. Our employees remain focused and resilient, and I’m proud of how the POOLCORP team continues to perform in a dynamic environment. Based on our second quarter performance and outlook for the remainder of the year, we are updating our full-year earnings guidance to
Non-GAAP Financial Measures
This press release contains certain non-GAAP measures (adjusted EBITDA and adjusted diluted EPS). See the addendum to this release for definitions of our non-GAAP measures and reconciliations of our non-GAAP measures to GAAP measures.
About Pool Corporation
POOLCORP is the world’s largest wholesale distributor of swimming pool and related backyard products. As of June 30, 2025, POOLCORP operated 451 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, please visit www.poolcorp.com.
Forward-Looking Statements
This news release includes “forward-looking” statements that involve risks and uncertainties that are generally identifiable through the use of words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “should,” “will,” “may,” “outlook,” and other words and similar expressions and include projections of earnings. 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; our ability to maintain favorable relationships with suppliers and manufacturers; competition from other leisure product alternatives or mass merchants; our ability to continue to execute our growth strategies; changes in the regulatory environment; new or additional taxes, duties or tariffs; excess tax benefits or deficiencies recognized under ASU 2016-09 and other risks detailed in POOLCORP’s 2024 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings filed with the Securities and Exchange Commission (SEC) as updated by POOLCORP’s subsequent filings with the SEC.
Kristin S. Byars
Director, Investor Relations and Finance
985.801.5153
kristin.byars@poolcorp.com
| POOL CORPORATION Consolidated Statements of Income (Unaudited) (In thousands, except per share data) | |||||||||||||||
| Three Months Ende | Six Months Ended | ||||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net sales | $ | 1,784,530 | $ | 1,769,784 | $ | 2,856,056 | $ | 2,890,594 | |||||||
| Cost of sales | 1,249,369 | 1,239,643 | 2,008,526 | 2,021,894 | |||||||||||
| Gross profit | 535,161 | 530,141 | 847,530 | 868,700 | |||||||||||
| Percent | 30.0 | % | 30.0 | % | 29.7 | % | 30.1 | % | |||||||
| Selling and administrative expenses | 262,491 | 258,660 | 497,323 | 488,499 | |||||||||||
| Operating income | 272,670 | 271,481 | 350,207 | 380,201 | |||||||||||
| Percent | 15.3 | % | 15.3 | % | 12.3 | % | 13.2 | % | |||||||
| Interest and other non-operating expenses, net | 12,219 | 14,044 | 23,381 | 27,463 | |||||||||||
| Income before income taxes and equity in earnings | 260,451 | 257,437 | 326,826 | 352,738 | |||||||||||
| Provision for income taxes | 66,180 | 65,058 | 79,064 | 81,531 | |||||||||||
| Equity in earnings of unconsolidated investments, net | (13 | ) | 60 | 41 | 117 | ||||||||||
| Net income | $ | 194,258 | $ | 192,439 | $ | 247,803 | $ | 271,324 | |||||||
| Earnings per share attributable to common stockholders: (1) | |||||||||||||||
| Basic | $ | 5.19 | $ | 5.02 | $ | 6.60 | $ | 7.07 | |||||||
| Diluted | $ | 5.17 | $ | 4.99 | $ | 6.57 | $ | 7.03 | |||||||
| Weighted average common shares outstanding: | |||||||||||||||
| Basic | 37,271 | 38,124 | 37,365 | 38,164 | |||||||||||
| Diluted | 37,407 | 38,325 | 37,520 | 38,399 | |||||||||||
| Cash dividends declared per common share | $ | 1.25 | $ | 1.20 | $ | 2.45 | $ | 2.30 | |||||||
(1) Earnings per share under the two-class method is calculated using net income attributable to common stockholders (net income reduced by earnings allocated to participating securities), which was
| POOL CORPORATION Condensed Consolidated Balance Sheets (Unaudited) (In thousands) | ||||||||||||||
| June 30, | June 30, | Change | ||||||||||||
| 2025 | 2024 | $ | % | |||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 83,669 | $ | 96,894 | $ | (13,225 | ) | (14 | ) | % | ||||
| Receivables, net (1) | 172,028 | 169,849 | 2,179 | 1 | ||||||||||
| Receivables pledged under receivables facility | 404,776 | 407,680 | (2,904 | ) | (1 | ) | ||||||||
| Product inventories, net (2) | 1,330,221 | 1,295,600 | 34,621 | 3 | ||||||||||
| Prepaid expenses and other current assets | 42,281 | 35,789 | 6,492 | 18 | ||||||||||
| Total current assets | 2,032,975 | 2,005,812 | 27,163 | 1 | ||||||||||
| Property and equipment, net | 258,188 | 241,871 | 16,317 | 7 | ||||||||||
| Goodwill | 700,476 | 699,686 | 790 | — | ||||||||||
| Other intangible assets, net | 286,810 | 294,684 | (7,874 | ) | (3 | ) | ||||||||
| Equity interest investments | 1,494 | 1,399 | 95 | 7 | ||||||||||
| Operating lease assets | 315,434 | 313,840 | 1,594 | 1 | ||||||||||
| Other assets | 76,579 | 83,622 | (7,043 | ) | (8 | ) | ||||||||
| Total assets | $ | 3,671,956 | $ | 3,640,914 | $ | 31,042 | 1 | % | ||||||
| Liabilities and stockholders’ equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Accounts payable | $ | 529,316 | $ | 515,645 | $ | 13,671 | 3 | % | ||||||
| Accrued expenses and other current liabilities | 160,833 | 152,978 | 7,855 | 5 | ||||||||||
| Short-term borrowings and current portion of long-term debt | 17,386 | 44,726 | (27,340 | ) | (61 | ) | ||||||||
| Current operating lease liabilities | 100,439 | 94,024 | 6,415 | 7 | ||||||||||
| Total current liabilities | 807,974 | 807,373 | 601 | — | ||||||||||
| Deferred income taxes | 79,138 | 67,595 | 11,543 | 17 | ||||||||||
| Long-term debt, net | 1,212,533 | 1,071,827 | 140,706 | 13 | ||||||||||
| Other long-term liabilities | 50,177 | 44,135 | 6,042 | 14 | ||||||||||
| Non-current operating lease liabilities | 223,016 | 226,315 | (3,299 | ) | (1 | ) | ||||||||
| Total liabilities | 2,372,838 | 2,217,245 | 155,593 | 7 | ||||||||||
| Total stockholders’ equity | 1,299,118 | 1,423,669 | (124,551 | ) | (9 | ) | ||||||||
| Total liabilities and stockholders’ equity | $ | 3,671,956 | $ | 3,640,914 | $ | 31,042 | 1 | % | ||||||
(1) The allowance for doubtful accounts was
(2) The inventory reserve was
| POOL CORPORATION Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands) | |||||||||||||
| Six Months Ended | |||||||||||||
| June 30, | |||||||||||||
| 2025 | 2024 | Change | |||||||||||
| Operating activities | |||||||||||||
| Net income | $ | 247,803 | $ | 271,324 | $ | (23,521 | ) | ||||||
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||||||||||||
| Depreciation | 19,804 | 17,591 | 2,213 | ||||||||||
| Amortization | 4,312 | 4,201 | 111 | ||||||||||
| Share-based compensation | 12,950 | 10,344 | 2,606 | ||||||||||
| Equity in earnings of unconsolidated investments, net | (41 | ) | (117 | ) | 76 | ||||||||
| Other | (942 | ) | (1,246 | ) | 304 | ||||||||
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||||||||||||
| Receivables | (254,322 | ) | (232,647 | ) | (21,675 | ) | |||||||
| Product inventories | (29,375 | ) | 66,975 | (96,350 | ) | ||||||||
| Prepaid expenses and other assets | 53,440 | 38,231 | 15,209 | ||||||||||
| Accounts payable | 315 | 6,166 | (5,851 | ) | |||||||||
| Accrued expenses and other liabilities | (55,488 | ) | (8,720 | ) | (46,768 | ) | |||||||
| Net cash (used in) provided by operating activities | (1,544 | ) | 172,102 | (173,646 | ) | ||||||||
| Investing activities | |||||||||||||
| Acquisition of businesses, net of cash acquired | — | (4,435 | ) | 4,435 | |||||||||
| Purchases of property and equipment, net of sale proceeds | (27,390 | ) | (34,928 | ) | 7,538 | ||||||||
| Other investments, net | (1,073 | ) | 1,018 | (2,091 | ) | ||||||||
| Net cash used in investing activities | (28,463 | ) | (38,345 | ) | 9,882 | ||||||||
| Financing activities | |||||||||||||
| Proceeds from revolving line of credit | 1,117,100 | 756,300 | 360,800 | ||||||||||
| Payments on revolving line of credit | (956,900 | ) | (830,400 | ) | (126,500 | ) | |||||||
| Payments on term loan under credit facility | (12,500 | ) | (12,500 | ) | — | ||||||||
| Proceeds from asset-backed financing | 323,200 | 467,000 | (143,800 | ) | |||||||||
| Payments on asset-backed financing | (177,200 | ) | (324,000 | ) | 146,800 | ||||||||
| Payments on term facility | (19,937 | ) | — | (19,937 | ) | ||||||||
| Proceeds from short-term borrowings and current portion of long-term debt | 17,112 | 8,085 | 9,027 | ||||||||||
| Payments on short-term borrowings and current portion of long-term debt | (11,699 | ) | (1,562 | ) | (10,137 | ) | |||||||
| Proceeds from stock issued under share-based compensation plans | 6,780 | 9,826 | (3,046 | ) | |||||||||
| Payments of cash dividends | (92,163 | ) | (88,287 | ) | (3,876 | ) | |||||||
| Repurchases of common stock | (160,648 | ) | (84,496 | ) | (76,152 | ) | |||||||
| Net cash provided by (used in) financing activities | 33,145 | (100,034 | ) | 133,179 | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | 2,669 | (3,369 | ) | 6,038 | |||||||||
| Change in cash and cash equivalents | 5,807 | 30,354 | (24,547 | ) | |||||||||
| Cash and cash equivalents at beginning of period | 77,862 | 66,540 | 11,322 | ||||||||||
| Cash and cash equivalents at end of period | $ | 83,669 | $ | 96,894 | $ | (13,225 | ) | ||||||
ADDENDUM
Base Business
When calculating our base business results, we exclude for a period of 15 months sales centers that are acquired, opened in new markets or closed. We also exclude consolidated sales centers when we do not expect to maintain the majority of the existing business and existing sales centers that are consolidated with acquired sales centers.
We generally allocate corporate overhead expenses to excluded sales centers on the basis of their net sales as a percentage of total net sales. After 15 months, we include acquired, consolidated and new market sales centers in the base business calculation including the comparative prior year period.
We have not provided separate base business income statements within this press release as our base business results for the three and six-month periods ended June 30, 2025 closely approximated our consolidated results, and acquisitions and sales centers excluded from base business contributed less than
The table below summarizes the changes in our sales center count in the first six months of 2025.
| December 31, 2024 | 448 | |
| New locations | 4 | |
| Closed location | (1 | ) |
| June 30, 2025 | 451 |
Reconciliation of Non-GAAP Financial Measures
The non-GAAP measures described below should be considered in the context of all of our other disclosures in this press release.
Adjusted EBITDA
We define Adjusted EBITDA as net income or net loss plus interest and other non-operating expenses, income taxes, depreciation, amortization, share-based compensation, goodwill and other impairments and equity in earnings or loss of unconsolidated investments. Other companies may calculate Adjusted EBITDA differently than we do, which may limit its usefulness as a comparative measure.
Adjusted EBITDA is not a measure of performance as determined by generally accepted accounting principles (GAAP). We believe Adjusted EBITDA should be considered in addition to, not as a substitute for, operating income or loss, net income or loss, net cash flows provided by or used in operating, investing and financing activities or other income statement or cash flow statement line items reported in accordance with GAAP.
We have included Adjusted EBITDA as a supplemental disclosure because management uses it to monitor our performance, and we believe that it is widely used by our investors, industry analysts and others as a useful supplemental performance measure. We believe that Adjusted EBITDA, when viewed with our GAAP results and the accompanying reconciliations, provides an additional measure that enables management and investors to monitor factors and trends affecting our ability to service debt, pay taxes and fund capital expenditures.
The table below presents a reconciliation of net income to Adjusted EBITDA.
| (Unaudited) | Three Months Ended | Six Months Ended | |||||||||||||
| (In thousands) | June 30, | June 30, | |||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net income | $ | 194,258 | $ | 192,439 | $ | 247,803 | $ | 271,324 | |||||||
| Adjustments to increase (decrease) net income: | |||||||||||||||
| Interest and other non-operating expenses (1) | 12,803 | 13,996 | 24,009 | 27,254 | |||||||||||
| Provision for income taxes | 66,180 | 65,058 | 79,064 | 81,531 | |||||||||||
| Share-based compensation | 6,895 | 5,016 | 12,950 | 10,344 | |||||||||||
| Equity in earnings of unconsolidated investments, net | 13 | (60 | ) | (41 | ) | (117 | ) | ||||||||
| Depreciation | 9,964 | 8,931 | 19,804 | 17,591 | |||||||||||
| Amortization (2) | 1,963 | 1,958 | 3,925 | 3,891 | |||||||||||
| Adjusted EBITDA | $ | 292,076 | $ | 287,338 | $ | 387,514 | $ | 411,818 | |||||||
(1) Shown net of (gains) losses on foreign currency transactions of
(2) Excludes amortization of deferred financing costs of
Adjusted Diluted EPS
We have included adjusted diluted EPS, a non-GAAP financial measure, in this press release as a supplemental disclosure, because we believe this measure is useful to management, investors and others in assessing our period-to-period operating performance.
Adjusted diluted EPS is a key measure used by management to demonstrate the impact of tax benefits from ASU 2016-09 on our diluted EPS and to provide investors and others with additional information about our potential future operating performance to supplement GAAP measures.
We believe this measure should be considered in addition to, not as a substitute for, diluted EPS presented in accordance with GAAP, and in the context of our other disclosures in this press release. Other companies may calculate this non-GAAP financial measure differently than we do, which may limit its usefulness as a comparative measure.
The table below presents a reconciliation of diluted EPS to adjusted diluted EPS.
| (Unaudited) | Three Months Ended | Six Months Ended | |||||||||||||
| June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Diluted EPS | $ | 5.17 | $ | 4.99 | $ | 6.57 | $ | 7.03 | |||||||
| ASU 2016-09 tax benefit | — | (0.01 | ) | (0.10 | ) | (0.20 | ) | ||||||||
| Adjusted diluted EPS | $ | 5.17 | $ | 4.98 | $ | 6.47 | $ | 6.83 | |||||||
FAQ
What were Pool Corporation's (POOL) Q2 2025 earnings results?
What is Pool Corporation's updated earnings guidance for 2025?
How did Pool Corporation's operating metrics perform in Q2 2025?
What was Pool Corporation's debt and inventory position in Q2 2025?
How many sales centers does Pool Corporation now operate?
