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 ...

Warren Buffett recently made news about the stocks that Berkshire Hathaway Inc. NYSE: BRK.B sold. But it looks like Buffett isn’t sitting this rally out completely. On November 15, Buffett made two significant purchases in two stocks that the company had not previously owned. The stocks were Domino’s Pizza Inc. NYSE: DPZ and Pool Corp. NASDAQ: POOL.  Pool TodayPOOLPool$362.71 +1.87 (+0.52%) 52-Week Range$293.51▼$422.73Dividend Yield1.32%P/E Ratio31.21Price Target$369.11Add to WatchlistThe holdings make up ...

Buffett and company have started buying a stock that's been swimming circles around the market for decades.Legendary investor and billionaire Warren Buffett invests through his holding company, Berkshire Hathaway. Buffett's fame and success have made him a Wall Street icon, so people pay attention to the stocks he buys and sells. Berkshire Hathaway has made headlines this year by selling enough stocks to raise the company's cash to more than $325 billion, an eye-popping financial war chest large enough to a ...

Advertisement Warren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter.Buffett loves fast food and already owns distribution businesses, making the pair a natural fit.The "Buffett Effect" boosted shares of both companies on the news.Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The pizza chain and swimming pool specialist seem like good fits.The famed investor's conglo ...

Warren Buffett's Berkshire Hathaway (BRK.A; BRK.B) took stakes in Domino's Pizza (DPZ) and swimming pool supplier Pool Corp. (POOL) in the third quarter while continuing to trim stakes in longtime holdings Apple (AAPL) and Bank of America (BAC). The moves were part of a series of shareholding adjustments—disclosed in regulatory documents filed late Thursday—that show Buffett continues to be a net seller of stocks as he builds Berkshire's already-enormous cash holdings. The conglomerate announced earlier th ...

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter.The investing legend's company made big cuts to its huge Apple and Bank of America positions.Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fa ...

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MEXC, a globally recognized cryptocurrency exchange, has unveiled its “Ferrari Giveaway” event, inviting users worldwide to register and participate for a chance to win prizes from a 10,000,000 USDT pool. Registration opens on November 11, 2024, at 07:00 (UTC), with the event running from November 17 to December 17, 2024. Participants can compete for multi-million dollar prizes, including the grand prize of a Ferrari SF90 Stradale. MEXC's Ferrari Giveaway Event ...

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 ...