Stock Track | Pool Corp Tops Estimates Despite Slowing Pool Demand

Stock Track

Oct 24, 2024

Pool Corporation (NASDAQ: POOL), a leading distributor of swimming pool supplies and services, reported a decline in its third-quarter earnings and sales amid weakening demand for discretionary pool products. However, the company managed to beat analysts' expectations, supported by resilient demand for maintenance products.

For the quarter ended September 30, Pool Corp reported earnings of $125.7 million, or $3.27 per share, down from $137.8 million, or $3.51 per share, a year earlier. Excluding certain tax benefits, the company's adjusted earnings per share came in at $3.26, surpassing the average analyst estimate of $3.16.

The company's third-quarter sales fell 3% year-over-year to $1.43 billion, but still exceeded the mean analyst estimate of $1.403 billion. President and CEO Peter Arvan attributed the sales decline to "pressure" in the discretionary portions of the business, while demand for maintenance products remained steady.

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However, the company managed to beat analysts' expectations, supported by resilient demand for maintenance products.</p>\n\n<p>For the quarter ended September 30, Pool Corp reported earnings of $125.7 million, or $3.27 per share, down from $137.8 million, or $3.51 per share, a year earlier. Excluding certain tax benefits, the company's adjusted earnings per share came in at $3.26, surpassing the average analyst estimate of $3.16.</p>\n\n<p>The company's third-quarter sales fell 3% year-over-year to $1.43 billion, but still exceeded the mean analyst estimate of $1.403 billion. President and CEO Peter Arvan attributed the sales decline to \"pressure\" in the discretionary portions of the business, while demand for maintenance products remained steady.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POOL","symbol_name":"Pool Corporation","start_time":0,"source_url":"","article_id":"1177663855","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177663855","pubTimestamp":1729776676,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Pool Corporation , a leading distributor of swimming pool supplies and services, reported a decline in its third-quarter earnings and sales amid weakening demand for discretionary pool products. However, the company managed to beat analysts' expectations, supported by resilient demand for maintenance products.For the quarter ended September 30, Pool Corp reported earnings of $125.7 million, or $3.27 per share, down from $137.8 million, or $3.51 per share, a year earlier. Excluding certain tax be","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"POOL":"Pool Corporation"},"translate_title":"尽管池需求放缓，股票跟踪池公司仍高于预期","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POOL":1},"content_text":"Pool Corporation (NASDAQ: POOL), a leading distributor of swimming pool supplies and services, reported a decline in its third-quarter earnings and sales amid weakening demand for discretionary pool products. However, the company managed to beat analysts' expectations, supported by resilient demand for maintenance products.\nFor the quarter ended September 30, Pool Corp reported earnings of $125.7 million, or $3.27 per share, down from $137.8 million, or $3.51 per share, a year earlier. Excluding certain tax benefits, the company's adjusted earnings per share came in at $3.26, surpassing the average analyst estimate of $3.16.\nThe company's third-quarter sales fell 3% year-over-year to $1.43 billion, but still exceeded the mean analyst estimate of $1.403 billion. 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