Pool Corp Earnings: Here’s Why Investors are Excited Now
Pool Corp (NASDAQ:POOL) delivered a profit 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 1.04%.
Pool Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 12.5% to $0.07 in the quarter versus EPS of $0.08 in the year-earlier quarter.
Revenue: Rose 2.33% to $370.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pool Corp reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $366.21 million.
Quoting Management: “As anticipated, 2013 started with a more normalized onset to the season versus 2012, which impacted both sales and margins. We realized sales growth despite one less selling day and the tough comparison, given last year’s unusually mild winter. We were also able to maintain good pricing discipline and expense management,” said Manuel Perez de la Mesa, President and CEO.
Key Stats (on next page)…