earnings
confidence high
sentiment negative
materiality 0.80
Pool Corp Q1 net sales $1.2B, down 15% YoY; EPS $2.58, guides FY23 EPS $14.62-$16.12
POOL CORP
2023-Q1 EPS reported
$2.58
revenue$1,206,774,000
- Q1 net sales $1.2B (-15% YoY), operating income $145.8M (-38%), diluted EPS $2.58 (-41%).
- Gross margin 30.6% (-110 bps); operating margin 12.1% vs 16.7% last year.
- Western U.S. weather depressed results: CA and AZ base business sales down 21% combined; southern markets flat.
- Updated FY23 EPS guidance to $14.62-$16.12, including $0.12 YTD tax benefit.
- Adjusted EBITDA $160.3M (-36%); net cash from operations improved to $103.2M from -$208.1M.