Pool Corp. increases share repurchase program to $600M

Pool Corp. (POOL) announced that its board of directors increased the company’s share repurchase program to $600M. This update adds $329M to the $271M that remained under its existing share repurchase program as of April 28. “The increase in POOLCORP’s share repurchase program and quarterly dividend demonstrates our commitment to disciplined capital allocation,” said John Stokely, chair of the board. “Together with the strategic investments we have made over the past several years, we believe we are well positioned for growth from our proven operating model to create long-term value for our stockholders, customers, suppliers and employees.”