Profile
Sector:
IndustrialsIndustry:
Industrial DistributionCountry:
United StatesIPO:
13 October 1995Website:
http://www.poolcorp.comNext earnings report:
19 July 2024Last dividends:
15 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 22:07:31 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
POOL Latest News
'Mad Money' host Jim Cramer talks the day's best and worst market performers.
Pool Corp. lowered full-year guidance on Monday. New pool construction could be down 15% to 20%, which doesn't bode well for the home improvement sector generally.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 80 points on Tuesday.
Pool Corp (POOL) anticipates second-quarter performance to be hampered by weak demand for new pool construction, lower remodel activity and the macroeconomic environment.
POOL Corporation shares have underperformed the market, losing 5% in the past year during a bull market, and POOL significantly cut guidance, leading to a 10% drop after hours. Pool construction activity is particularly weak, more than offsetting stability in maintenance-related work. Slow income growth, high rates, and decreased construction activity may continue to impact POOL's performance, making it an unattractive investment at 26x earnings.
Pool Corporation (POOL) shares sank in intraday trading Tuesday, a day after the distributor of pool products slashed its guidance as economic conditions have led to a pullback in consumer discretionary spending and cut into demand.
Pool Corp. POOL, -0.00%, a distributor of swimming-pool supplies, slashed its profit outlook for this year, citing “persistently weak” demand for new pool construction as more expensive basics weigh on discretionary spending. The company said it expected per-share profits of $11.04 to $11.44, down from an earlier outlook of $13.19 to $14.19.
Highlights Non-discretionary and recurring pool maintenance and repair demand is solid with company execution on track for continued organic share expansion; discretionary pool spending, however, continues to be hampered by the macroeconomic environment Seasonally significant Q2 2024 revenues are below previous expectations driven by lower new pool construction and remodel activity YTD net sales, although sequentially better than Q1 2024, are trending down around 6.5%; full year 2024 net sales are now expected to be in a similar range Annual earnings guidance range lowered to $11.04 to $11.44 per diluted share from previous range of $13.19 to $14.19 COVINGTON, La., June 24, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) today provided an update on the swimming pool season and revised its 2024 earnings guidance.
SINGAPORE, June 21, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for June 21, 2024.
COVINGTON, La., May 28, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) announced today that it will participate in the following investor events in the month of June 2024:
What type of business is Pool?
Pool Corporation distributes goods for swimming pools, equipment, and related leisure and entertainment products. The company offers products for technical maintenance, including chemicals, consumables, and pool accessories; pool equipment repair and replacement, such as cleaners, filters, heaters, pumps, and lights; fiberglass pools, as well as spa centers and pool kits in packaging, consisting of walls, liners, brackets, and corsets for pools located indoors and outdoors; pool equipment and components for the construction of new and renovation of existing pools; irrigation and related products, consisting of irrigation system components. Pool Corporation was founded in 1993, with headquarters in Covington, Louisiana.
What sector is Pool in?
Pool is in the Industrials sector
What industry is Pool in?
Pool is in the Industrial Distribution industry
What country is Pool from?
Pool is headquartered in United States
When did Pool go public?
Pool initial public offering (IPO) was on 13 October 1995
What is Pool website?
https://www.poolcorp.com
Is Pool in the S&P 500?
Yes, Pool is included in the S&P 500 index
Is Pool in the NASDAQ 100?
No, Pool is not included in the NASDAQ 100 index
Is Pool in the Dow Jones?
No, Pool is not included in the Dow Jones index
When does Pool report earnings?
The next expected earnings date for Pool is 19 July 2024