earnings
confidence high
sentiment negative
materiality 0.80
Pool Corp Q3 2023 EPS $3.51 vs $4.78 YoY; narrows FY guidance to $13.15-$13.65
POOL CORP
2023-Q3 EPS reported
$12.00
revenue$4,538,545,000
- Net sales of $1.5B, down 9% YoY from record Q3 2022; operating margin 13.2% vs 16.3%.
- Gross margin fell 210 bps to 29.1% on selling through lower-cost prior-year inventory.
- Diluted EPS $3.51 ($3.50 ex tax benefits) vs $4.78 prior year; net income down 27%.
- FY 2023 EPS guidance narrowed to $13.15-$13.65 (incl $0.15 YTD tax benefit).
- Inventory down 18% YoY to $1.3B; operating cash flow improved to $750M YTD.