Financial Performance - Net sales decreased 3% in Q3 2024 to $1.4 billion compared to $1.5 billion in Q3 2023, with strong sales of non-discretionary maintenance products offset by soft sales in pool construction and discretionary products [59]. - Gross profit decreased 3% to $416.4 million in Q3 2024, maintaining a gross margin of 29.1% for both Q3 2024 and Q3 2023 [60]. - Operating income decreased 9% to $176.4 million in Q3 2024, resulting in an operating margin of 12.3%, down from 13.2% in Q3 2023 [62]. - Net income decreased 9% to $125.7 million in Q3 2024, with earnings per diluted share down 7% to $3.27 compared to $3.51 in Q3 2023 [64]. - For the first nine months of 2024, net sales were $4,323.5 million, a decline of 5% from $4,538.5 million in the same period of 2023 [91]. - Gross profit for the first nine months of 2024 was $1,285.1 million, down 6% from $1,366.3 million in the first nine months of 2023, with gross margin decreasing to 29.7% from 30.1% [96]. - Net income for the first nine months of 2024 decreased by 16% to $397.0 million, with diluted earnings per share dropping 14% to $10.30 [100]. Debt and Cash Flow - Total debt outstanding was $923.8 million at September 30, 2024, down $110.1 million from the previous year, reflecting the use of operating cash flows to reduce debt [69]. - Net cash provided by operating activities decreased to $488.6 million for the first nine months of 2024 from $750.0 million in the same period of 2023, impacted by prior year inventory reduction efforts [125]. - Net cash used in financing activities was $411.8 million for the first nine months of 2024, a decrease from $656.8 million in the same period of 2023, primarily due to lower net debt payments [127]. - The average total leverage ratio as of September 30, 2024, was 1.41, below the maximum requirement of 3.25 [137]. - The fixed charge coverage ratio was 5.22 as of September 30, 2024, exceeding the minimum requirement of 2.25 [138]. Inventory and Sales - Inventory levels were reduced by $78.8 million, or 6%, to $1.2 billion compared to September 30, 2023, with inventory turns increasing to 2.8 times [68]. - Sales of chemicals increased 2% compared to Q3 2023, representing 17% of net sales, while sales of building materials decreased 9% and accounted for approximately 11% of net sales in Q3 2024 [82]. - Sales to commercial swimming pool customers increased by 7% in Q3 2024, representing approximately 5% of total net sales for the quarter [84]. - Sales to retail customers decreased by 4% in the first nine months of 2024, while sales to commercial customers increased by 8% [94]. Operating Expenses - Operating expenses increased by 2% to $240.1 million in Q3 2024 compared to $234.3 million in Q3 2023, with operating expenses as a percentage of net sales rising to 16.8% from 15.9% [86]. - Selling and administrative expenses for the first nine months of 2024 rose by 4% to $728.6 million compared to $699.0 million in the same period of 2023 [97]. Future Projections - The company expects full-year 2024 sales to decline by approximately 5% from 2023, driven by a 15-20% decline in volumes of discretionary products for pool construction [70]. - Projected diluted EPS for 2024 is in the range of $11.06 to $11.46, including a year-to-date tax benefit of $0.21 [73]. - Capital expenditures were 1.1% of net sales in 2023, with projections for 2024 to be approximately 1.0% to 1.5% of net sales [124]. Tax and Interest Rates - The effective income tax rate for Q3 2024 was 23.4%, slightly lower than 23.8% in Q3 2023, with a tax benefit from ASU 2016-09 recorded in both periods [88]. - Interest and other non-operating expenses, net for Q3 2024 decreased by $1.2 million due to a reduction in average debt, with a weighted average effective interest rate of 5.2% [87]. - As of September 30, 2024, the company had two interest rate swap contracts and one forward-starting interest rate swap contract to convert variable interest rates to fixed rates [143]. - There have been no material changes in the company's exposure to interest rate risk during the nine months ended September 30, 2024 [148]. Compliance and Governance - The company was in compliance with all material covenants and financial ratio requirements under its Credit Facility, Term Facility, and Receivables Facility as of September 30, 2024 [144]. - The company may declare and pay quarterly dividends as long as the Average Total Leverage Ratio is less than 3.25 to 1.00 [139]. - The company may repurchase shares of its common stock provided the Average Total Leverage Ratio is less than 3.25 to 1.00 [139]. - The company has $497.0 million available for share repurchase under its current Board-approved program and plans to fund these repurchases with cash from operations and borrowings [146]. - The company believes it has adequate capital availability to fund present operations and finance any potential acquisitions [145]. - The company continually evaluates potential acquisitions and holds discussions with candidates for suitable opportunities [145]. - Non-compliance with financial covenants could result in higher interest rates or acceleration of debt maturities [140]. Market Conditions - Weather conditions in Q3 2024 had a relatively neutral impact on overall business performance, with mixed effects across different regions [114]. - There have been no material changes in the company's exposure to currency risk during the nine months ended September 30, 2024 [149].

Not for distribution to U.S. news wire services or for dissemination in the United States VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Coco Pool Corp. ("Coco") (TSXV: CCPC.P), a capital pool company, is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange ("TSXV") for the closing of its proposed amalgamation transaction with Viridian Metals Corp. ("Viridian") which transaction (the "Transaction") is intended to constitute Coco's Qualifying Transacti ...

Pool Corporation (POOL) reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. Both metrics surpassed the consensus estimate for the second straight quarter. The top and the bottom line declined from the prior-year quarter's actuals. Following the results, the company's shares increased 7.6% during trading hours on Thursday. The company's performance in third-quarter 2024 benefited from steady demand in the maintenance segment, while the more discretionary area ...

& POOLCORP Third Quarter 2024 Earnings| 1 Third Quarter 2024 Earnings Presentation SAFE HARBOR STATEMENT This presentation contains forward-looking statements that involve risks and uncertainties and are generally identifiable through the use of words such as "anticipate," "estimate," "expect," "intend," "believe," "will likely result," "outlook," "project," "may," "can," "plan," "target," "potential," "should" and other words and expressions of similar meaning. Our forward-looking statements express our cu ...

WASHINGTON, Oct. 24, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-fifth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on December 20, 2024, and includes 29 deeply delinquent loans totaling $7.2 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area, and the winning bidder was RCG Strategic Acquisitions, LLC. The pool was marketed with BofA Securities, Inc. and First Fi ...

Exhibit 99.1 FOR IMMEDIATE RELEASE POOL CORPORATION REPORTS THIRD QUARTER RESULTS Highlights • Resilient recurring maintenance revenues contributed to Q3 2024 net sales of $1.4 billion • Seasonal gross margin of 29.1% • Operating income of $176.4 million and operating margin of 12.3% • Q3 2024 diluted EPS of $3.27 or $3.26 without tax benefits • Maintains annual earnings guidance range of $11.06 - $11.46 per diluted share ______________________ COVINGTON, LA. (October 24, 2024) – Pool Corporation (Nasdaq/GS ...

Group 1 - CoinW is launching the CoinW Legend Cup (CWLC) to celebrate its 7th anniversary with a $1 million prize pool for participants in spot and futures trading [1][2] - The competition starts on October 31st, offering 560,000 USDT in futures trading rewards and 200,000 USDT in spot trading rewards [2] - Participants can earn additional rewards by completing tasks, with a chance to win physical prizes like a Tesla Cybertruck and iPhone 16 Pro [2][3] Group 2 - CoinW's previous trading competition earlier this year generated $200 billion USDT in total trading volume, attracting over 200,000 new traders [3] - The CWLC coincides with the U.S. presidential election, creating a dynamic market atmosphere [3] - CoinW has introduced innovative trading tools like Spot Grid Trading and Futures Grid Trading to enhance user experience and trading strategies [2]

COVINGTON, La., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) announced today that the Company will release its third quarter 2024 earnings results before the market opens on October 24, 2024, and will hold a conference call to discuss the results at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) that same day. The earnings release as well as a live webcast and replay of the conference call will be available on the Company's website at www.poolcorp.com. The conference call can also be ...

Suncor Announces Pricing of Tender Offers for Certain Outstanding Series of Notes October 03, 2024 4:18 PM EDT | Source: Suncor Energy Inc. Calgary, Alberta--(Newsfile Corp. - October 3, 2024) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") announced today the total consideration payable in connection with its previously announced tender offers (the "Tender Offers") to purchase for cash: (i) up to C$1,000,000,000 aggregate principal amount (the "Pool 1 Maximum Amount"), of its 6.50% Notes due 2038 and ...

Investors in Pool Corporation (POOL) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 20, 2024 $430 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...