POOL CORPORATION Reports Earnings for Q2 FY2023

🌥️Earnings Overview

POOL CORPORATION ($NASDAQ:POOL) reported their financial results for the quarter ending June 30 2023, which ended their second quarter of FY2023. Total revenue was USD 1857.4 million, which was a 9.7% decrease year-over-year from the second quarter of FY2022. Net income was USD 232.2 million, a 24.4% decrease compared to the same quarter of the previous fiscal year.

Stock Price

On Thursday, POOL CORPORATION released its financial results for the second quarter of fiscal 2023. The stock opened at $357.4 and closed at $361.2, a drop of 1.3% from the previous day’s closing price of $366.0. POOL CORPORATION’s Chief Executive Officer, Robert Sobel, commented on the results saying, “We are pleased with our second quarter results and believe that the underlying performance demonstrates our ability to execute on our strategy and drive profitable growth in a competitive landscape.”

He went on to say, “We remain committed to investing in our core businesses and driving long-term value for our shareholders.” Overall, investors appeared pleased with POOL CORPORATION’s second quarter results and the stock held steady in after-hours trading following the announcement. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pool Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pool Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pool Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Pool Corporation are shown below. More…

Analysis

At GoodWhale, we have conducted an in-depth analysis of POOL CORPORATION‘s financials. After detailed review, we have concluded that POOL CORPORATION is a high risk investment in terms of financial and business aspects. We have detailed our findings in our Risk Rating report which includes four risk warnings, covering income sheet, balance sheet, cash flow statement and non-financial aspects. If you are looking for a comprehensive look into POOL CORPORATION’s financials and want to get detailed insights on its risks, then register with us to access our Risk Rating report. We are confident that our report will help you make informed decisions about your investments and will provide you with the guidance you need to make the best possible decisions. More…

Peers

The company operates in over 30 countries and serves more than 3,000 retail customers. Pool Corp’s main competitors are Leslies Inc, Dam Sen Water Park Corp, and Tandem Group PLC.

– Leslies Inc ($NASDAQ:LESL)

Leslies Inc is a pool and spa company that has a market cap of 2.38B as of 2022. The company has a Return on Equity of -51.73%. The company has been in business for over 60 years and has a strong brand presence in the pool and spa industry. The company has a diversified product portfolio that includes above-ground pools, inground pools, spas, and pool and spa chemicals. The company operates in North America, Europe, and Asia Pacific.

– Dam Sen Water Park Corp ($HOSE:DSN)

The Tandem Group is a holding company for a number of businesses which are active in the design, development and manufacture of products for the cycling and leisure industries. Its core businesses are CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories, and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

The Tandem Group’s market capitalisation is 13.55M as of 2022. The company has a Return on Equity of 9.17%.

The Tandem Group is a holding company for businesses which design, develop, and manufacture products for the cycling and leisure industries. The company has two core businesses: CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories; and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

Summary

Investors may be disappointed with Pool Corporation‘s second quarter earnings results for FY2023. Despite a decrease in total revenue of 9.7% compared to the same quarter in FY2022, the company still earned a total of USD 1857.4 million. Unfortunately, net income also dropped by 24.4% year over year to USD 232.2 million. Given this performance, investors should exercise caution when considering investing in Pool Corporation and take into account the current market conditions.