Pool Corp. Q3 2021 Earnings Report
Key Takeaways
Pool Corporation reported record results for the third quarter of 2021 with net sales increasing 24% to $1.4 billion and operating income up 60%. Diluted EPS increased 55% to a record $4.54. The company also increased its 2021 earnings guidance to $14.85 - $15.35 per diluted share.
Record net sales for Q3 2021 reflect overall growth of 24% from Q3 2020.
Q3 2021 operating income of $237.3 million, up 60% from Q3 2020 with a 380 basis point improvement in operating margin.
Q3 2021 diluted EPS increase of 55% to a record $4.54 or an increase of 64% to $4.44, without tax benefits in both periods.
2021 earnings guidance for the full year increased to $14.85 - $15.35 per diluted share from previous $13.75 - $14.25 range
Pool Corp.
Pool Corp.
Forward Guidance
The company is raising its 2021 earnings guidance range to $14.85 to $15.35 per diluted share, including the impact of year-to-date tax benefits of $0.39.
Positive Outlook
- Strong demand trends
- Focused strategic initiatives
- Ability to execute strategic initiatives
- Well-positioned for the remainder of 2021
- Well-positioned into next season