Pool Corp. Q2 2021 Earnings Report
Key Takeaways
Pool Corporation reported record second quarter results with net sales increasing by 40% to $1.79 billion and diluted EPS increasing by 65% to $6.37. The company also increased its 2021 earnings guidance to $13.75 - $14.25 per diluted share.
Record net sales for Q2 2021 with overall growth of 40% and 32% growth in base business.
Q2 2021 operating income of $338.6 million, up 64% from Q2 2020 with a 280 basis point improvement in operating margin.
Q2 2021 diluted EPS increase of 65% to a record $6.37 or an increase of 66% to $6.18, excluding tax benefits in both periods.
2021 earnings guidance increased to $13.75 - $14.25 per diluted share from previous $11.85 - $12.60 range
Pool Corp.
Pool Corp.
Forward Guidance
The company is updating its annual earnings guidance range to $13.75 to $14.25 per diluted share, including the impact of year-to-date tax benefits of $0.29.
Positive Outlook
- Exceeding second quarter expectations
- Better visibility to demand as we head into the back half of the year
- Strong demand trends
- Pipeline of projects will continue through the remainder of the year and beyond
- Incredible team of employees demonstrating a level of resiliency and grit
Challenges Ahead
- Impacts on our business from the COVID-19 pandemic
- The extent to which home-centric trends will continue, accelerate or reverse
- The sensitivity of our business to weather conditions
- Changes in the economy and the housing market
- Our ability to maintain favorable relationships with suppliers and manufacturers