Pool Corp Earnings: Here’s Why Investors Like These Results
Pool Corp (NASDAQ:POOL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.84%.
Pool Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.73% to $1.39 in the quarter versus EPS of $1.34 in the year-earlier quarter.
Revenue: Rose 4.39% to $790.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pool Corp reported adjusted EPS income of $1.39 per share. By that measure, the company missed the mean analyst estimate of $1.4. It beat the average revenue estimate of $775.23 million.
Quoting Management: “Our second quarter results were bolstered by strong performances in our largest, year-round markets and growth in pool refurbishment and replacement activities. Most seasonal markets lagged given the late start to this year’s season as noted in our June 18th press release. In contrast, the early start to last year’s season amplified the impact of the delayed start in our seasonal markets and the consequential business lost from later pool openings,” said Manuel Perez de la Mesa, President and CEO.
Key Stats (on next page)…