Pool Corp. Q4 2019 Earnings Report
Key Takeaways
Pool Corporation reported fourth quarter and full year 2019 results. Net sales increased 7% to $582.2 million in the fourth quarter of 2019 compared to $543.1 million in the fourth quarter of 2018. Earnings per diluted share was $0.44 in the fourth quarter of 2019, or $0.38 excluding the $0.06 per diluted share impact from ASU 2016-09, compared to $0.41, or $0.37 excluding the $0.04 impact from ASU 2016-09, for the same period in 2018.
Record annual sales of $3.2 billion for 2019, up 7% from 2018
2019 operating margin of 10.7%, up 20 bps from 2018, with base business operating margin up 40 bps
Record 2019 diluted EPS of $6.40 (including a $0.57 tax benefit), an increase of 14% over 2018
Cash provided by operations of $298.8 million, an improvement of $180.1 million from 2018
Pool Corp.
Pool Corp.
Forward Guidance
The company expects earnings for 2020 will be in the range of $6.47 to $6.77 per diluted share, including an estimated $0.06 favorable impact from ASU 2016-09.