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Pool Corp's (POOL) fourth-quarter top line reflects lower sales volume from reduced pool construction activities.
Pool Corp. (POOL) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.79 per share a year ago.
COVINGTON, La., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) announced today that the Company will release its full year and fourth quarter 2023 earnings results before the market opens on February 22, 2024, and will hold a conference call to discuss the results at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) that same day. The earnings release as well as a live webcast and replay of the conference call will be available on the Company's website at www.poolcorp.com. The conference call can also be accessed by dialing 1-888-348-8936 (domestic) or 1-412-902-4265 (international).
Strong maintenance and repair demand is likely to benefit Pool Corp (POOL) amid softened new pool construction activities.
Pool Corp. is the largest worldwide distributor of pool equipment and accessories. Over 80% of its sales come from non- and semi-discretionary products, providing stability.
Pool Corp (POOL) benefits from solid demand for maintenance and repair activities, and strategic expansions.
The headwinds facing Pool Corporation continued to show up in Q3, with sales and margin pressure. The company should see a better going against easy comps and with inventory issues resolved. That said, the POOL trades at a significant premium to other types of distribution companies.
Pool Corp's (POOL) third-quarter top line reflects lower sales volumes courtesy of reduced pool construction and deferred discretionary replacement activities.
Pool Corporation (POOL) Q3 2023 Earnings Call Transcript
Pool Corp. (POOL) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.41 per share. This compares to earnings of $4.76 per share a year ago.