By Michael Dabaie
Pool Corp. reported second-quarter results above analyst expectations.
The wholesale distributor of swimming-pool and related backyard products reported net income of $259.7 million, up from $157.6 million a year earlier. Earnings per share increased to $6.37 from $3.87, and beat FactSet consensus of $5.45.
Adjusted EPS came to $6.18, above FactSet consensus for $5.49.
The company said net sales increased to a record $1.79 billion, compared with $1.28 billion a year earlier. FactSet consensus was for $1.73 billion.
Pool Corp. said households continued to invest in outdoor living spaces, contributing to demand. The company said it observed sales gains across nearly all product categories and geographies, reflecting growth in maintenance, replacement, refurbishment and construction activity.
Write to Michael Dabaie at michael.dabaie@wsj.com
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July 22, 2021 at 06:54PM
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Pool Corp. 2Q Results Beat Analyst Views - MarketWatch
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