Core Viewpoint - Pool Corporation will release its second quarter 2025 earnings results on July 24, 2025, before market opens, followed by a conference call to discuss the results [1] Group 1: Earnings Announcement - The earnings release will be available on the Company's website [1] - A live webcast and replay of the conference call will also be accessible online [1] - The conference call is scheduled for 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on the same day [1] Group 2: Company Overview - Pool Corporation is the world's largest wholesale distributor of swimming pool and related backyard products [2] - The company operates approximately 445 sales centers across North America, Europe, and Australia [2] - Pool Corporation distributes over 200,000 products to around 125,000 wholesale customers [2]

COVINGTON, La., July 03, 2025 (GLOBE NEWSWIRE) -- Pool Corporation (Nasdaq/GSM: POOL) announced today that it has released its 2024 Corporate Responsibility Report. “Our 2024 Corporate Responsibility Report outlines our ongoing efforts to support our employees, protect the environment and give back to the communities in which we live and work. In our operations, we are guided by our four operating priorities: safety, growth, profitability and striving to be an Employer of Choice. Keeping these values at the ...

Company Overview - Pool Corp is a specialized retailer that sells supplies for building, updating, and maintaining pools, which are considered recreational assets [2] - The business model relies on ongoing maintenance spending once a pool is built, creating a consistent demand for maintenance supplies [2][4] Industry Dynamics - The pool supply industry has an inherent growth bias due to the continuous demand for supplies as new pools are constructed [4][5] - Economic conditions significantly impact the construction and upgrade of pools; during good times, more pools are built, while recessions lead to reduced construction activity [4][10] Investment Performance - Pool Corp's stock has lost approximately 50% of its value since reaching an all-time high in 2021, primarily due to a post-pandemic slowdown in pool construction [7] - The stock's current dividend yield of 1.7% is near its highest levels in the past decade, indicating a potentially attractive valuation [8] Valuation Metrics - Traditional valuation metrics such as price-to-sales and price-to-book ratios are below their five-year averages, suggesting an attractive price point [9] - The price-to-earnings (P/E) ratio is slightly above its five-year average at around 28x, indicating a premium valuation for a growth-oriented business [9][10] Investment Considerations - Pool Corp may be suitable for growth investors and those seeking growth with income, but it may not appeal to dividend or value investors due to its current metrics [10] - The stock's performance is highly sensitive to economic growth, requiring investors to have a strong stomach for potential downturns [10][12] Long-term Outlook - The recent decline in Pool Corp's stock could present a significant buying opportunity, similar to past market downturns [12] - Following Warren Buffett's investment philosophy of buying good companies at attractive prices and holding them long-term may be beneficial for investors in Pool Corp [13]

Core Viewpoint - Pool Corp. is facing a challenging economic environment, with its stock down approximately 12% year to date, but this may present a buying opportunity for investors as it is a high-quality industry leader available at a discount [1]. Group 1: Company Overview - Pool Corp. is the world's largest pool supplies distributor, operating 448 sales centers across North America, Europe, and Australia, serving over 125,000 customers [5]. - The company owns the Pinch A Penny retail franchise, which has around 300 locations [5]. - Pool Corp.'s revenue is significantly driven by recurring sales, with 86% coming from consistent upkeep products for installed pools [6]. Group 2: Financial Performance - Over the past five years, Pool Corp. has achieved a 14% compound annual growth rate (CAGR) in total revenue, reaching $5.3 billion in 2024 [8]. - Despite a slowdown in new pool construction, management remains optimistic about growth from its expanding private-label business and the Pool360 digital platform [9][10]. - For 2025, Pool Corp. anticipates net sales to be "flat to slightly higher" year over year, with an earnings-per-share (EPS) estimate of $11.08 to $11.58, indicating a 3% increase at the midpoint compared to 2024 [10]. Group 3: Capital Allocation and Shareholder Returns - Pool Corp. has a strong free cash flow generation, allowing for a generous capital allocation strategy, including a recent 4% increase in its quarterly dividend to $1.25 per share, yielding about 1.3% [11]. - The company has also increased its share repurchase authorization to $600 million, demonstrating its commitment to shareholders [11]. Group 4: Valuation and Market Position - Pool Corp.'s current forward price-to-earnings (P/E) ratio is 27, which is a discount compared to its historical average P/E of around 30 over the past decade, suggesting the stock may be undervalued [12]. - A potential recovery in the housing market and pool construction, aided by subdued inflation and lower interest rates, could enhance company performance [14].

Group 1 - Pool Corp. holds a dominant market share in a fragmented and growing market, providing a strong investment case [2] - Approximately two-thirds of Pool Corp.'s sales are derived from the maintenance and repair of existing swimming pools, including chemicals and equipment [4] - The company exhibits relatively high profit margins and consistently high return on invested capital (ROIC), indicating effective investment strategies [5] Group 2 - Pool Corp.'s margins and ROIC experienced a decline in 2022 due to a correction following the pandemic-induced spending boom [7] - Despite a slowdown in new pool construction, the growing installed base of pools is expected to drive revenue from maintenance and repair services [8] - The company is anticipated to return to its long-term growth trajectory once the new pool construction market stabilizes [8]

Group 1: Investment Strategy of Warren Buffett - Warren Buffett has maintained a cautious investment approach, building up a record cash level of $347 billion while being a net seller of stocks for 10 consecutive quarters [1][6] - Buffett's investment philosophy focuses on undervalued companies in various industries rather than technology stocks, which has historically yielded a compounded annual gain of nearly 20% for Berkshire Hathaway over five decades [2] - The S&P 500 Shiller CAPE ratio has reached levels indicating that stocks are expensive, which aligns with Buffett's value-focused strategy and has led him to avoid significant stock purchases [3][6] Group 2: Recent Moves and Stock Analysis - Despite a lack of compelling opportunities, Buffett has made notable investments, including a significant increase in his position in Pool Corp. by 145% to 1,464,000 shares, indicating a belief in future gains [8] - Pool Corp. has experienced a recent dip in revenue due to lower discretionary spending and adverse weather conditions, with net sales slipping 4% and earnings per diluted share falling 29% [11] - Buffett appreciates Pool Corp.'s strong competitive advantage, or "moat," which includes a solid distribution network and established relationships with commercial clients, suggesting optimism for future growth as the economic environment improves [13][15]

Group 1 - The article highlights the fascination with Las Vegas as a city, despite the author's lack of personal experience visiting it [1] - It promotes iREIT on Alpha as a source for in-depth research on various investment vehicles including REITs, mREITs, and ETFs, emphasizing the positive feedback from users [1] Group 2 - There is a disclosure regarding the author's long positions in several companies, indicating a vested interest in the performance of those stocks [2] - The article clarifies that it does not provide specific investment recommendations and that past performance is not indicative of future results [3] - It notes that the views expressed may not represent the overall stance of Seeking Alpha, highlighting the diversity of opinions among its analysts [3]

Core Points - Pool Safe Inc. has announced an amendment to its existing credit agreement with Intrexa Ltd., originally established on April 2, 2019, with multiple amendments since then [1][2] - The line of credit will remain at $3.5 million, but the interest rate will increase from 8% to 10% per annum, with an extension of the maturity date to May 31, 2028 [2] - The company will issue 3,000,000 non-transferrable bonus warrants to the lender, with an exercise price of $0.05, as the previous warrants are set to expire on May 31, 2025 [3] Company Overview - Pool Safe Inc. designs and distributes LounGenie, a multipurpose personal poolside attendant aimed at enhancing safety and convenience for guests at hotels, resorts, waterparks, and cruise ships [5] - The product is strategically placed alongside pool or beach lounge chairs to provide security for belongings while also increasing food and beverage sales and improving customer service [5] - Pool Safe Inc. is publicly traded on the TSX Venture Exchange under the symbol "POOL" [6]

Core Insights - Berkshire Hathaway has recently filed its 13F report, revealing its stock positions and recent buying and selling activities [1][2] Constellation Brands - Berkshire increased its position in Constellation Brands by 114% in the last quarter, now owning over 12 million shares, though this represents less than 1% of its total portfolio [4][5] - The company has strong consumer brands like Corona and Modelo, providing a competitive advantage, and has shown steady revenue growth with an operating income of $3.4 billion on $10.2 billion in revenue, resulting in a 33% margin [5] - The stock hit a 52-week low in mid-February, prompting Berkshire to increase its holdings as a bargain investment [6] - Constellation Brands pays a dividend of 2.2%, which is higher than the S&P 500 average of 1.3% [8] Pool Corp - Berkshire's position in Pool Corp increased by 145%, totaling around 1.5 million shares, but this only constitutes 0.2% of its overall portfolio [9] - Pool Corp is a leading wholesale distributor of swimming pool equipment and has a strong global presence [10] - The company's sales have declined from $6.2 billion in 2022 to $5.3 billion in the most recent year, with an operating income of $617 million, representing a 12% margin [11] - Similar to Constellation, Pool Corp's stock has also been falling, which may have influenced Berkshire's decision to add to its holdings [12]

Core Viewpoint - The current pessimistic sentiment towards Pool Corp. may not persist, and the stock could present a buying opportunity for long-term investors due to its strong fundamentals and consistent dividend growth [1][12]. Company Performance - Pool Corp. shares have declined approximately 11% in 2025, reflecting a normalization of demand after a pandemic-driven boom rather than a failing business [5]. - Revenue for Q1 2025 fell 4% year-over-year to $1.07 billion, but a 2% decline was noted when comparing the same selling days, indicating an improved sequential trend [6]. - Maintenance-related product sales supported overall sales, with chemical volumes growing 1% and double-digit growth in private-label chemical products, while new pool construction sales negatively impacted results [7][8]. Profitability and Valuation - Pool Corp. maintains a gross margin of 29.2% and has reiterated its full-year earnings per share guidance for 2025 in the range of $11.10 to $11.60, trading at 27 times the midpoint of this guidance [9]. - The company generates approximately 60% to 65% of its sales from recurring maintenance-related products, providing a stable revenue base [8]. Capital Return Strategy - Pool Corp. has demonstrated a commitment to returning capital to shareholders, with a dividend that has grown at a compound annual rate of nearly 20% over the last decade [10]. - The company has increased its share repurchase program to $600 million, reflecting confidence in its long-term prospects and commitment to shareholder value [11]. Long-term Outlook - The long-term growth story for Pool Corp. remains intact, with a steady increase in the number of in-ground pools in the U.S. and a dominant distribution network that provides a competitive edge [13]. - Despite recent stock performance, the underlying business remains strong, and management is executing a disciplined capital return strategy [12].