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Sep 30, 2022
Pool Corp. Q3 2022 Earnings Report
Reported record results and updated 2022 earnings guidance.
Key Takeaways
Pool Corporation reported record third-quarter results, with net sales reaching $1.6 billion, a 14% increase from Q3 2021. Diluted EPS increased by 5% to $4.78.
Record net sales of $1.6 billion, up 14% from Q3 2021
Operating income of $263.9 million, up 11% from Q3 2021
Q3 2022 diluted EPS of $4.78, an increase of 5% from Q3 2021 or an increase of 7% to $4.76, without tax benefits in both periods
Narrows annual earnings guidance range to $18.50 - $19.05 per diluted share
Pool Corp.
Pool Corp.
Forward Guidance
The company is narrowing its annual earnings guidance range to $18.50 to $19.05 per diluted share, including the impact of year-to-date tax benefits of $0.24.
Positive Outlook
- Long-term industry dynamics (including product upgrade trends, growth in the installed base of pools and increasing pool values) remain positive.
- The company has the best talent in the industry
- The company has a broad product offering for its customers
- The company has a customer-focused discipline ingrained in its culture.