POOL Stock Recent News

COVINGTON, La., July 30, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board of Directors declared a quarterly cash dividend of $1.20 per share. The dividend will be payable on August 29, 2024, to holders of record on August 15, 2024.

Pool Corp's (POOL) second-quarter performance is negatively impacted by lower consumer spending on discretionary items and dismal building materials product sales.

Pool Corporation (NASDAQ:POOL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Melanie Hart - Vice President, Chief Financial Officer & Treasurer Peter Arvan - President & Chief Executive Officer Conference Call Participants Susan Maklari - Goldman Sachs David Manthey - Baird Scott Schneeberger - Oppenheimer David MacGregor - Longbow Research Steve Volkmann - Jefferies Trey Grooms - Stephens Garik Shmois - Loop Capital Sam Reid - Wells Fargo Operator Good day, and welcome to the Pool Corporation Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Pool just updated investors last month, and its latest quarterly report outperformed those expectations. Homeowners aren't building pools right now, but they are maintaining them, giving the company plenty of business, even though it doesn't have growth.

Pool Corp. (POOL) came out with quarterly earnings of $4.98 per share, beating the Zacks Consensus Estimate of $4.90 per share. This compares to earnings of $5.89 per share a year ago.

Pool Corp. POOL, -3.22% shares rose 2.4% in premarket trades Thursday after the swimming pool equipment company reported better-than-expected second-quarter revenue and earnings. The company, which gave a profit warning last month, reported net income of $192.4 million, or $4.99 a share, down from $232.3 million, or $5.91 a share, in the same period last year.

Highlights Strong maintenance revenues contributed to Q2 2024 net sales of $1.8 billion Solid, seasonal gross margin of 30.0% , reflecting recurring revenue contributions Operating income of $271.5 million and operating margin of 15.3% Q2 2024 diluted EPS of $4.99 or $4.98 without tax benefits Confirms annual earnings guidance range of $11.05 - $11.45 per diluted share COVINGTON, La., July 25, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) today reported results for the second quarter of 2024.

Co-founding Partner ESPN, National Partner Gatorade and the Women's Sports Foundation (WSF ® ) honor 10 years of this powerful initiative by awarding a historic $500,000 to 50 community organizations supporting girls of color through sports.  WNBA legend Sue Bird honors the Foundation's 50th anniversary with a special donation in partnership with CarMax to the Sports 4 Life program.

Pool Corp. (POOL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Relatively high interest rates are hurting the housing market and, in turn, spending on swimming pools. The installed base of swimming pools is still growing.