Pool Corporation Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw 2% sales growth, led by recurring maintenance and building materials, while new construction and discretionary demand remained soft. Gross margin declined 30 bps due to higher freight and customer mix, but adjusted EPS rose 4%. Full-year guidance is unchanged, with continued focus on operational discipline and strategic investments.
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The meeting covered board responsibilities, introduced director nominees, and confirmed a quorum. All proposals, including director elections, auditor retention, and executive compensation, were approved. Stockholders' questions were addressed at the end.
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Q1 2026 saw 6% sales growth and 7% operating income growth, with strong maintenance demand and digital engagement. Full-year EPS guidance is reaffirmed, gross margin remains stable, and inventory is positioned for the peak season.
Fiscal Year 2025
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Revenue held steady at $5.3B in 2025, with gross margin up and maintenance demand resilient despite a decline in new pool construction. 2026 guidance calls for low single-digit sales growth, stable margins, and EPS of $10.85–$11.15, supported by ongoing investments in technology and disciplined capital allocation.
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Q3 2025 saw 1% sales growth and 50 bps gross margin expansion, driven by maintenance and private label products. Technology investments, especially POOL360, are fueling digital adoption and operational efficiency. Full-year sales and EPS guidance were reaffirmed, with continued focus on innovation and strategic growth.
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Q2 2025 saw 1% sales growth and stable margins, driven by strong maintenance and private label chemical sales, while new construction remained weak due to macro headwinds. Full-year guidance was revised to flat sales and EPS of $10.80–$11.30, with resilient aftermarket demand and disciplined capital allocation.
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First quarter sales declined 4% year-over-year, but maintenance products and private label chemicals showed resilience, offsetting weakness in discretionary new pool construction and remodels. Full-year EPS guidance of $11.10-$11.60 was reaffirmed, with margin and pricing benefits expected to offset macro and competitive pressures.
Fiscal Year 2024
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2024 revenue declined 4% to $5.3B, but exceeded guidance amid a 15% drop in new pool construction. Maintenance and private label chemical sales were strong, while 2025 is expected to be flat to slightly up, with stable margins and continued investment in technology and expansion.
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Q3 sales declined 3% year-over-year to $1.4B, with maintenance sales improving and gross margin steady at 29.1%. Full-year EPS guidance is maintained at $11.06–$11.46, as new pool construction is expected to decline 20% and discretionary spending remains weak.
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Q2 2024 net sales declined 5% year-over-year to $1.8 billion, with maintenance business strength offsetting weaker new pool construction and renovation. Gross margin held at 30%, and full-year EPS guidance was reaffirmed at $11.05-$11.45. Digital initiatives and network expansion continued to drive share gains.