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Jun 30, 2020
Pool Corp. Q2 2020 Earnings Report
Reported record results due to increased demand for at-home leisure activities and successful navigation through unprecedented challenges.
Key Takeaways
Pool Corporation reported record second-quarter results with a 14% increase in net sales to $1.28 billion and a 20% increase in diluted EPS to $3.87. The company benefited from greater swimming pool demand and usage as families spent more time at home.
Record net sales for Q2 2020 with overall and base business sales growth of 14%.
Q2 2020 diluted EPS increased 20% to a record $3.87, or 23% to $3.72, excluding tax benefits in both periods.
Record cash provided by operations of $221.2 million, an increase of $123.8 million from the first half of 2019.
2020 earnings guidance increased to $6.90 - $7.30 per diluted share or $7.05 - $7.45, excluding non-cash impairments recorded in Q1 2020, from previous $5.30 - $5.90 range or $5.45 - $6.05, excluding impairments.
Forward Guidance
The company is increasing its annual earnings guidance to $6.90 to $7.30 per diluted share, including the impact of year-to-date tax benefits of $0.34 and the $0.15 impact of non-cash impairments recorded in the first quarter of 2020. Excluding the impact of non-cash impairments, the company expects 2020 adjusted diluted EPS of $7.05 to $7.45.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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