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Pool Corporation, the world's largest wholesale distributor of swimming pool supplies, has seen its shares return nearly 680% over the past decade, despite a 35% sell-off from its all-time high. The company's strategic purchasing strategies and diverse customer base give it a competitive edge, with a large portion of its sales being non-discretionary, providing a steadily growing revenue stream.
COVINGTON, La., July 06, 2023 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) announced today that the Company will release its second quarter 2023 earnings results before the market opens on July 20, 2023, 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).
Pool's profitability metrics have steadily improved over time. Its dividend payments have grown by 20% annually over the last decade.
POOL benefits from solid expansion efforts, and demand for products to maintain and repair pools.
The temporary headwinds that have plagued Pool Corporation continue to persist. Poor weather further hurt the company's operating results in Q1. Despite current headwinds, POOL stock's valuation remains high compared to other distribution businesses.
POOL benefits from solid expansion initiatives and brand recognition. However, high costs, seasonal risks and macroeconomic headwinds are concerns.
Pool Corp sells exactly what its name suggests, pool products. The retailer is building out its footprint with company-owned stores as well as through franchising.
Pool Corp's earnings fell year over year in the first quarter. The pool supply company lowered its full-year guidance.
COVINGTON, La., May 02, 2023 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL) announced today that Peter D. Arvan, President and Chief Executive Officer, and Melanie M. Hart, Vice President and Chief Financial Officer, will be participating in the Oppenheimer 18th Annual Industrial Growth Conference. They will be giving a virtual presentation on Tuesday, May 9, 2023, at 12:45 PM Eastern Time. Informational materials used during the conference will be posted on POOLCORP's website on the morning of the conference.
Pool Corp's (POOL) first-quarter 2023 performance reflects lower pool construction activity, economic pressures (related to interest rates) and weather-related constraints.