Pool Corporation Reports Q2 FY2023 Earnings Results

🌥️Earnings Overview

On July 20 2023, POOL CORPORATION ($NASDAQ:POOL) reported their financial results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter was USD 1857.4 million, representing a 9.7% decline from the same quarter the previous year. In addition, net income for said quarter was USD 232.2 million, a decrease of 24.4% year-over-year.

Market Price

On Thursday, POOL CORPORATION reported its second quarter financial results for FY2023. Stock opened at $357.4 and closed at $361.2, down 1.3% from the prior closing price of $366.0. Overall, POOL CORPORATION reported solid earnings for the second quarter of FY2023, despite some headwinds in the market. The company remains focused on delivering strong financial performance in the coming quarters to drive long-term growth and shareholder value. 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

GoodWhale has conducted an analysis of POOL CORPORATION‘s financials. Our star chart shows that POOL CORPORATION has a high health score of 8/10. We believe this indicates its ability to safely ride out any crisis without the risk of bankruptcy due to its adequate cashflows and debt. POOL CORPORATION is strong in dividend, growth, and profitability. It is also medium in asset. We classify it as a ‘gorilla’, which is a type of company that we conclude has achieved stable and high revenue or earning growth due to its strong competitive advantage. As a result, POOL CORPORATION is likely to be of interest to investors seeking a stable return on their investment. Those with a moderate risk-appetite may especially be interested in its ‘gorilla’ classification, given the relative security of the returns it can offer. 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

Pool Corporation‘s second quarter earnings for FY2023 showed a 9.7% decrease in total revenue from the same quarter of the prior year and a 24.4% decrease in net income. This could mean that investors should be cautious before investing in the company, as it may not have the same potential for increased profits that it had in the past. Furthermore, it could indicate that current strategies are not working as well as expected, and that the company needs to re-evaluate its approach in order to improve profits. Investors should carefully analyze the company’s performance before making any investment decisions.