Shares of Pool Corporation (NASDAQ: POOL) soared 5.61% in pre-market trading on Thursday as the company reported better-than-expected fourth quarter 2024 results, fueled by resilient demand for maintenance products and ongoing expansion initiatives.

The leading distributor of swimming pool supplies and related products posted adjusted earnings per share of $0.97 for the quarter, surpassing analysts' estimates of $0.90. Revenue of $987.5 million also exceeded expectations, although it declined 1.6% year-over-year due to softer discretionary spending amid macroeconomic pressures.

Despite the challenging environment, Pool Corp demonstrated the strength of its business model, driven by a consistent stream of recurring maintenance product sales. The company also continued to enhance its digital ecosystem and expand its sales center network, adding 10 new locations and 2 acquisitions during the year, bringing its total to 448 worldwide.

Peter D. Arvan, Pool Corp's President and CEO, highlighted the company's strategic execution in growth initiatives, allowing it to achieve net sales of $5.3 billion for the full year. "We ended the year with strong operating cash flows of $659.2 million and are proud to have returned $483.4 million to our shareholders through dividends and share repurchases," he added.

Looking ahead, Pool Corp provided an optimistic outlook for 2025, guiding for earnings per share in the range of $11.08 to $11.58, including an estimated $0.08 tax benefit. The company expects to capitalize on favorable industry trends, new product launches, and its expanded sales network to drive growth.