The earnings call reflected some positive achievements in terms of strategic progress, stable margins, and specific geographic growth. However, these were overshadowed by challenges such as a slight decline in total sales, ongoing hesitancy in discretionary spending, and impacts from recent hurricanes. The sentiment of the call is cautious with acknowledgment of both progress and significant challenges.

Company Guidance

During the Q3 2024 earnings call, Pool Corporation provided guidance indicating that they expect fourth-quarter sales to align with year-to-date performance, maintaining their full-year diluted earnings per share guidance range of $11.06 to $11.46, with an anticipated $0.21 benefit from ASU. The company reported a 3% decrease in total sales for the third quarter compared to the prior year, with operating income at $176.4 million and an operating margin of 12.3%. Geographically, sales grew by 1% in Florida, remained flat in Arizona, and declined by 6% in Texas and 3% in California. In terms of product categories, chemical sales increased by 2%, while building materials saw a 9% decline. Additionally, the company highlighted the progress of its POOL360 platform, with orders processed through the application accounting for 14.5% of total sales for the quarter. Pool Corporation continues to expect new pool construction to decline closer to 20% for the year, with maintenance and repair activities remaining steady, particularly in Florida due to storm-related repairs.

Stable Gross Margin

Gross margins finished in line with the prior year at 29.1%, showing progress on structural margin initiatives despite headwinds in new construction and renovation sectors.

Positive Trends in Key Geographies

Sales grew by 1% in Florida and remained flat in Arizona, with positive performance attributed to resilient demand and effective strategies.

Chemical Sales Growth

Chemical sales increased by 2%, supported by mid-teens growth in private label chemical products and overall volume growth of 4%.

Progress on Strategic Priorities

Significant advancements were made in network expansion, capacity creation, pricing optimization, and adoption of POOL360 ecosystem.

Strong Cash Generation and Debt Reduction

Cash flow from operating activities was $489 million year-to-date, with total debt reduced to $924 million, down $110 million from the previous year.

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Pool (POOL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

POOL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 19, 2018	2018 (Q2)	- / 2.35	2.19	7.31% (+0.16)	―	―
Oct 18, 2018	2018 (Q3)	- / 1.31	1.16	12.93% (+0.15)	―	―
Feb 14, 2019	2018 (Q4)	- / 0.37	0.21	76.19% (+0.16)	―	―
Apr 18, 2019	2019 (Q1)	- / 0.59	0.53	11.32% (+0.06)	―	―
Jul 18, 2019	2019 (Q2)	- / 3.22	2.35	37.02% (+0.87)	―	―
Oct 17, 2019	2019 (Q3)	- / 1.84	1.31	40.46% (+0.53)	―	―
Feb 13, 2020	2019 (Q4)	- / 0.38	0.37	2.70% (+0.01)	―	―
Apr 23, 2020	2020 (Q1)	- / 0.71	0.59	20.34% (+0.12)	―	―
Jul 23, 2020	2020 (Q2)	- / 3.72	3.22	15.53% (+0.50)	―	―
Oct 22, 2020	2020 (Q3)	- / 2.71	1.84	47.28% (+0.87)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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POOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$349.50	$376.06	+7.60%
Jul 25, 2024	$324.95	$357.48	+10.01%
Apr 25, 2024	$373.62	$366.30	-1.96%
Feb 22, 2024	$384.16	$374.27	-2.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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