Pool Corp Earnings: Here’s Why Investors are Buying Shares Now
Pool Corp (NASDAQ:POOL) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3%.
Pool Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.17 in the quarter versus EPS of $-0.21 in the year-earlier quarter.
Revenue: Rose 13.45% to $306.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pool Corp reported adjusted EPS loss of $-0.17 per share. By that measure, the company beat the mean analyst estimate of $-0.19. It beat the average revenue estimate of $286.59 million.
Quoting Management: “Solid performance in 2012 produced record results, surpassing our objectives. We turned challenges into opportunities, and opportunities into success. Our market share gains reflect our continued efforts to provide added value to our customers by helping them succeed utilizing our tools, programs and resources for their businesses and markets. At 23% adjusted EPS growth for 2012, this is our third consecutive year of greater than 20% EPS growth,” commented Manuel Perez de la Mesa, President and CEO.
Key Stats (on next page)…