Financial Performance - Net sales for 2024 were $5.3 billion, a decrease of 4% from $5.5 billion in 2023, with stable maintenance activities and softer discretionary product sales due to macroeconomic conditions [5]. - Gross profit for 2024 was $1.6 billion, down 5% from $1.7 billion in 2023, resulting in a gross margin of 29.7%, a decline of 30 basis points from 30.0% in 2023 [6]. - Operating income decreased 17% to $617.2 million in 2024, with an operating margin of 11.6%, down from 13.5% in 2023 [9]. - Net income for 2024 was $434.3 million, a decline of 17% compared to $523.2 million in 2023, leading to diluted earnings per share of $11.30, down 15% from $13.35 [11]. - Adjusted EBITDA decreased 16% to $680.9 million in 2024, representing 12.8% of net sales compared to 14.6% in 2023 [12]. - Selling and administrative expenses increased 5% to $958.1 million in 2024, representing 18.0% of net sales, up from 16.5% in 2023 [7]. - Q4 2024 diluted EPS decreased to $0.98 from $1.32 in Q4 2023, representing a decline of 25.76% [49]. - Adjusted diluted EPS for Q4 2024 was $0.97, down from $1.30 in Q4 2023, a decrease of 25.38% [49]. - For the year ended December 31, 2024, diluted EPS was $11.30, compared to $13.35 in 2023, reflecting a decline of 15.36% [49]. - Adjusted diluted EPS for the year ended December 31, 2024, was $11.07, down from $13.18 in 2023, a decrease of 16.01% [49]. Cash Flow and Investments - Operating cash flows for 2024 were $659.2 million, or 152% of net income, with $306.3 million allocated for share repurchases and $179.6 million for dividends [14]. - Cash and cash equivalents increased by $11,322 million, or 17%, from $66,540 million in 2023 to $77,862 million in 2024 [31]. - Payments on asset-backed financing increased by $184,300 million, from $560,300 million in 2023 to $744,600 million in 2024 [33]. Assets and Liabilities - Total assets decreased by $59,884 million, or 2%, from $3,428,068 million in 2023 to $3,368,184 million in 2024 [31]. - Total current liabilities rose by $73,420 million, or 10%, from $770,766 million in 2023 to $844,186 million in 2024 [31]. - Total stockholders' equity decreased by $39,322 million, or 3%, from $1,312,787 million in 2023 to $1,273,465 million in 2024 [31]. Inventory and Accounts - Inventory levels were reduced by 6% to $1.3 billion, outpacing the 4% decline in net sales [13]. - Product inventories decreased by $76,166 million, or 6%, from $1,365,466 million in 2023 to $1,289,300 million in 2024 [31]. - The allowance for doubtful accounts decreased from $11.7 million in 2023 to $8.6 million in 2024 [31]. Expansion and Growth - The company expanded its sales center network by adding 10 greenfield locations and 2 acquisitions, bringing the total to 448 locations worldwide [4]. - The company acquired 2 new locations and opened 10 new locations, resulting in a total of 448 sales centers by December 31, 2024 [38]. Tax Benefits - The ASU 2016-09 tax benefit for Q4 2024 was $0.01, compared to $0.02 in Q4 2023 [49]. - The ASU 2016-09 tax benefit for the year ended December 31, 2024, was $0.23, up from $0.17 in 2023 [49].

Pool Corp. (POOL) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.59%. A quarter ago, it was expected that this distributor of supplies for swimming pools would post earnings of $3.15 per share when it actually produced earnings of $3.26, delivering a surprise of 3.49%.Over the last ...

Highlights include: Annual net sales of $5.3 billion, anchored by a consistent stream of recurring maintenance product salesOperating income of $617.2 million, maintaining a solid operating margin of 11.6%Net cash provided by operations of $659.2 million, or 152% of net income2024 diluted EPS of $11.30, or $11.07 without tax benefits2025 diluted EPS guidance range of $11.08 - $11.58, including an estimated $0.08 tax benefit COVINGTON, La., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM:POOL) ...

COVINGTON, La., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq: POOL) announced today that the Company will release its full year and fourth quarter 2024 earnings results before the market opens on February 20, 2025, 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 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Pool Corp. (POOL) , which belongs to the Zacks Leisure and Recreation Products industry, could be a great candidate to consider.This distributor of supplies for swimming pools has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.56%.For the last r ...

Pool Corp. (POOL) has been beaten down lately with too much selling pressure. While the stock has lost 13.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that m ...

Core Viewpoint - Pool Corporation is presented as a compelling investment opportunity due to its strong operational history, reasonable dividend, share repurchase program, and current attractive valuation in a challenging market [1][3]. Group 1: Company Overview - Pool Corporation (POOL) has faced challenges in recent years, primarily due to the Federal Reserve's economic tightening measures, leading to declines in growth and stock performance [3][4]. - The company operates in the swimming pool supplies distribution sector, which has historically generated significant returns for long-term investors [2]. Group 2: Financial Performance - In the third quarter, Pool Corporation reported a 3% year-over-year decline in sales, with projections indicating a 15% to 20% decrease in sales related to new construction units for the full year of 2024 [10][11]. - Management anticipates a decline of up to 15% in renovation and remodeling sales, while maintenance sales are expected to remain flat or show slight growth [11]. Group 3: Market Dynamics - The impact of higher interest rates has been particularly pronounced in the lower-budget residential projects, as these customers are more sensitive to financing costs [4][5]. - Approximately 62% of Pool Corporation's sales are derived from maintenance supplies, which are less affected by interest rate fluctuations [5]. Group 4: Management and Capital Allocation - Pool Corporation's management has effectively reduced debt from over $1 billion to $924 million while repurchasing $159 million of shares in the first three quarters of the year [6]. - The company maintains a dividend yield of about 1.4% and has increased its borrowing capacity by $50 million to $800 million [6]. Group 5: Investment Consideration - The stock is suggested as a potential small position in investment portfolios, with a price-to-earnings multiple of less than 30 times earnings, which could be justified if interest rates decline [7].

Core Insights - BitFuFu Inc. has launched BitFuFu Pool, a private-label mining pool with commission rates starting as low as 0.4% [1][5] - The pool will initially focus on Bitcoin mining, with plans to expand to other digital assets in the future [1] - The company aims to enhance its mining ecosystem by providing comprehensive services to both institutional and retail customers [6] Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, offering one-stop solutions including cloud mining [7][8] - The company has received early investment from BITMAIN and continues to be a strategic partner in the Bitcoin mining sector [7] Product and Service Offerings - BitFuFu Pool will be available to users of the BitFuFu app, allowing them to purchase cloud mining products and miner services while receiving promotional benefits [1][2] - The company is directing its self-mining hashrate to BitFuFu Pool, with plans to allocate 100% of its growing hashrate to this initiative [3] - The mining services include real-time monitoring tools, firmware solutions, maintenance services, and user-friendly one-click-order solutions [6]

COVINGTON, La., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq:POOL) announced today that Melanie M. Hart, Vice President and Chief Financial Officer, will participate in the Nasdaq 51st Investor Conference, held in association with Morgan Stanley, in London, United Kingdom, on Tuesday, December 10, 2024. Conference participation will consist of investor meetings and a fireside chat. Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. POO ...

I covered Leslie's Inc. (NASDAQ: LESL ) last spring during a deep dive into the pool and spa care industry. They’re a leading direct-to-consumer brand, selling everything you need to keep pools and spas in shape. They stock chemicals, parts, cleaning tools, and safetyThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-c ...