Pool Corp. Q1 2023 Earnings Report
Key Takeaways
Pool Corporation's first quarter 2023 net sales reached $1.2 billion. Operating income was $145.8 million, with an operating margin of 12.1%. Diluted EPS was $2.58, or $2.46 without tax benefits. The company updated its annual earnings guidance range to $14.62 - $16.12 per diluted share.
Net sales of $1.2 billion exceeded $1.0 billion in the first quarter for the third consecutive year.
Operating income of $145.8 million with a seasonally strong operating margin of 12.1%.
Q1 2023 diluted EPS of $2.58 or $2.46 without tax benefits.
Updated annual earnings guidance range to $14.62 - $16.12 per diluted share.
Pool Corp.
Pool Corp.
Forward Guidance
The company is updating its annual earnings guidance range to $14.62 to $16.12 per diluted share, including the impact of year-to-date tax benefits of $0.12.
Positive Outlook
- Well-positioned to continue long-standing track record of solid performance
- Leveraging extensive sales center network
- Broad product assortment
- Substantial capital resources
- Talented team
Challenges Ahead
- Expectations for the 2023 fiscal year have changed based on results to-date
- Trends observed into the second quarter
- Weather conditions
- Changes in economic conditions
- Housing market