earnings
confidence high
sentiment negative
materiality 0.75
Pool Corp Q2 net sales $1.8B (-5% YoY); EPS $4.99 vs $5.91; confirms FY guidance $11.05-$11.45
POOL CORP
2024-Q2 EPS reported
$7.03
revenue$2,890,594,000
- Q2 diluted EPS of $4.99, down 16% YoY; operating income $271.5M (-17% YoY).
- Gross margin of 30.0% down 60 bps YoY; cites product mix shift away from higher-margin building materials.
- Recurring maintenance product sales held up; discretionary remodeling and new pool spending declined.
- First-half inventory down $97.3M to $1.3B; total debt reduced $68.0M to $1.1B.
- Management reaffirms FY2024 EPS guidance of $11.05-$11.45; sees moderating expense growth in H2.