Loading...
•
Dec 31, 2021
Pool Corp. Q4 2021 Earnings Report
Pool Corporation reported record fourth quarter and year end results, surpassing annual sales of $5.0 billion for the first time and achieving a 23% increase in Q4 net sales.
Key Takeaways
Pool Corporation announced record fourth quarter and full year 2021 results, with Q4 net sales reaching $1.0 billion, a 23% increase year-over-year, and operating income growth of 72%. The company's annual net sales hit a record $5.3 billion, up 35% from 2020, with operating income increasing by 79%. Diluted EPS for 2021 reached a record $15.97, a 78% increase over the previous year. The company also provided a 2022 diluted EPS guidance range of $17.19 - $17.94.
Q4 2021 record net sales of $1.0 billion, a 23% increase year-over-year, with operating income growth of 72%.
Annual net sales reached a record $5.3 billion, up 35% from 2020.
Operating income increased by 79% to $832.8 million, with a 390 bps improvement in operating margin.
Record 2021 diluted EPS of $15.97, a 78% increase over 2020.
Forward Guidance
The company projects earnings for 2022, including benefits from recent acquisitions, to grow on top of the strong results delivered in 2021 and be in the range of $17.19 to $17.94 per diluted share, including an estimated $0.19 favorable impact from ASU 2016-09.
Positive Outlook
- Robust demand trends continued in the fourth quarter and through the beginning of 2022.
- Industry-leading position.
- Solid backlog of projects.
- Ongoing investments in employees.
- Ongoing investments in distribution network and technology.
Challenges Ahead
- Impacts on business from the COVID-19 pandemic.
- Sensitivity of business to weather conditions.
- Changes in the economy.
- Changes in consumer discretionary spending.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...