Pool Corporation ( (POOL) ) has released its Q1 earnings. Here is a breakdown of the information Pool Corporation presented to its investors.
Pool Corporation, the world’s largest wholesale distributor of swimming pool and related backyard products, operates 449 sales centers across North America, Europe, and Australia, distributing over 200,000 products to approximately 125,000 wholesale customers.
In its latest earnings report, Pool Corporation announced first-quarter net sales of $1.1 billion, reflecting a stable year-over-year performance. The company confirmed its annual earnings guidance range, highlighting the positive impact of strategic initiatives and volume growth in its chemical segment.
Key financial metrics revealed a 4% decrease in net sales compared to the previous year, with a 2% decline on a same-selling day basis. Gross profit fell by 8%, while operating income saw a 29% reduction. Despite these challenges, the company experienced growth in chemical volumes and private-label products, and maintained a disciplined approach to managing operating expenses.
Pool Corporation’s net income decreased to $53.5 million, with earnings per diluted share dropping 30% to $1.42. The company also reported a reduction in inventory levels and an increase in total debt. Cash provided by operations was significantly lower, primarily due to deferred tax payments and changes in working capital.
Looking ahead, Pool Corporation remains focused on strengthening its market position through strategic initiatives, including expanding its sales center network and enhancing its digital platform. The company is committed to delivering a best-in-class customer experience and supporting its customers’ business growth as it approaches the peak swimming pool season.