Financial Performance - Net sales increased by 1% to $1,451.1 million in Q3 2025 compared to Q3 2024[6] - Gross profit increased by $12.8 million to $429.2 million in Q3 2025 compared to Q3 2024[6] - Gross margin increased by 50 bps to 29.6% in Q3 2025 compared to Q3 2024[6] - Diluted EPS (GAAP) increased by 4% to $3.40 in Q3 2025 compared to Q3 2024[6] - Operating income increased by $1.6 million to $178.0 million in Q3 2025 compared to Q3 2024[6] Sales Performance by Geography and Product - Florida sales increased by 1% in Q3 2025[8] - California and Arizona sales decreased by 3% in Q3 2025[8] - Horizon net sales increased by 3% in Q3 2025[8] - Europe net sales increased by 6% in Q3 2025, but decreased by 1% in local currency[8, 9] - Building materials and equipment sales increased by 4% in Q3 2025[11] - Chemicals sales decreased by 4% in Q3 2025[11] Strategic Initiatives - POOL360 sales as a percentage of total sales increased from 16% in Q3 2024 to 18% in Q3 2025[13] Capital Allocation - The company returned approximately $303 million to shareholders through share repurchases and dividends[24] 2025 Guidance - The company expects net sales to be flattish for 2025[25] - The company expects GAAP diluted earnings per share to be in the range of $10.81 to $11.31 for 2025[25]

Financial Performance - Net sales increased by 1% year-over-year to $1.5 billion in Q3 2025, following growth in Q2 2025[8] - Gross profit grew by $12.8 million, with gross margin expanding by 50 basis points to 29.6% compared to 29.1% in Q3 2024[5] - Operating income increased by $1.6 million, maintaining an operating margin of 12.3% for both Q3 2025 and Q3 2024[6] - Net income rose to $127.0 million, up from $125.7 million in Q3 2024[7] - Diluted EPS increased by 4% to $3.40, compared to $3.27 in the same period of 2024[9] - For the nine months ended September 30, 2025, net sales remained flat at $4.3 billion compared to the same period in 2024[10] - Net income for the nine months ended September 30, 2025, was $374,816 million, a decrease of 5.6% from $397,025 million in 2024[26] - Adjusted EBITDA for the nine months ended September 30, 2025, was $582,189 million, down 3.5% from $603,313 million in 2024[36] - Diluted EPS for Q3 2025 was $3.40, compared to $3.27 in Q3 2024, reflecting a year-over-year increase of 3.98%[40] - Adjusted diluted EPS for the nine months ended September 30, 2025, was $9.86, down from $10.09 in the same period of 2024, indicating a decrease of 2.28%[40] - The ASU 2016-09 tax benefit impacted diluted EPS by $(0.01) for Q3 2025 and $(0.11) for the nine months ended September 30, 2025[40] Expenses and Liabilities - Operating expenses increased by 3% to $748.5 million for the nine months ended September 30, 2025[11] - Total debt outstanding increased by $138.2 million to $1.1 billion, primarily due to share repurchases[13] - Long-term debt increased by 19% to $1,049,121 million compared to $879,146 million in 2024[24] - Total current liabilities decreased by 1% to $719,511 million from $726,915 million year-over-year[24] Assets and Cash Flow - Total assets increased by 4% to $3,500,671 million as of September 30, 2025, compared to $3,367,389 million in 2024[24] - Cash and cash equivalents rose by 41% to $128,483 million from $91,347 million year-over-year[26] - Net cash provided by operating activities decreased by 41.5% to $285,743 million from $488,619 million in 2024[26] Inventory and Accounts - The inventory balance was $1.2 billion, reflecting a 4% increase from September 30, 2024, due to inflation and strategic purchases[13] - The allowance for doubtful accounts decreased to $8.3 million from $10.0 million year-over-year[24] - The inventory reserve increased slightly to $29.0 million from $28.6 million in 2024[24] Growth and Expansion - The company acquired 2 new locations and opened 6 new locations, bringing the total sales center count to 454 as of September 30, 2025[30]

Core Insights - Pool Corp. reported quarterly earnings of $3.39 per share, exceeding the Zacks Consensus Estimate of $3.38 per share, and showing an increase from $3.26 per share a year ago, resulting in an earnings surprise of +0.30% [1] - The company achieved revenues of $1.45 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.14% and reflecting a year-over-year increase from $1.43 billion [2] - Pool Corp. shares have underperformed the market, losing approximately 12.7% since the beginning of the year, while the S&P 500 has gained 13.9% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.01 on revenues of $998.18 million, and for the current fiscal year, it is $10.88 on revenues of $5.3 billion [7] Industry Context - The Leisure and Recreation Products industry, to which Pool Corp. belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Core Insights - Pool Corporation reported a 1% increase in net sales for Q3 2025, reaching $1.5 billion, driven by sustained customer demand for maintenance products and improved sales in building materials [3][10] - Gross profit grew by $12.8 million, with gross margin increasing by 50 basis points to 29.6% compared to the same period in 2024, benefiting from price increases and supply chain management [4][10] - The company confirmed its annual earnings guidance range of $10.81 to $11.31 per diluted share, including a year-to-date tax benefit from ASU 2016-09 of $0.11 [10][14] Financial Performance - Net income for Q3 2025 increased to $127.0 million from $125.7 million in Q3 2024 [6] - Earnings per diluted share rose by 4% to $3.40 in Q3 2025, compared to $3.27 in the same period of 2024 [7][10] - For the nine months ended September 30, 2025, net sales remained flat at $4.3 billion compared to the same period in 2024, with a slight decrease in gross margin from 29.7% to 29.6% [8][9] Operating Expenses - Selling and administrative expenses increased by 5% compared to Q3 2024, attributed to higher employee-related costs and inflationary pressures [5] - Operating income for Q3 2025 increased by $1.6 million, maintaining an operating margin of 12.3% [5][10] Balance Sheet and Liquidity - As of September 30, 2025, total assets increased by 4% to $3.5 billion, with inventory rising by 4% to $1.2 billion [12][23] - Total debt outstanding increased by $138.2 million to $1.1 billion, primarily due to share repurchases [12] - Net cash provided by operations decreased to $285.7 million for the first nine months of 2025, down from $488.6 million in the same period of 2024 [13] Strategic Developments - The company opened four new locations in Q3 2025, enhancing its industry-leading position and customer experience through expanded private-label offerings [2] - Pool Corporation celebrated its 30th anniversary as a public company, highlighting its long-term strategic focus and commitment to customer value [2]

Core Insights - Pool Corporation is celebrating its 30th anniversary as a publicly listed company by ringing the opening bell at Nasdaq, highlighting its growth and success over the years [1][2] Company Growth - Pool Corporation's annual sales have increased from $161 million in 1995 to $5.3 billion in 2024, showcasing significant revenue growth [2] - The company has expanded its workforce from approximately 800 employees to over 6,000 during the same period [2] - Since its initial public offering at $0.92 per share, Pool Corporation's market value has grown to $11 billion, reflecting a compounded annual growth rate of 23% in total shareholder return (TSR) for initial shareholders, which is double that of the S&P 500 [2] Investment Perspective - An investment of $10,000 at the time of Pool Corporation's IPO would be worth around $4.5 million today, including dividend reinvestment, indicating strong long-term investment performance [2] Operational Overview - Pool Corporation operates over 450 sales centers across North America, Europe, and Australia, distributing more than 200,000 products to approximately 125,000 wholesale customers [4]

Core Insights - Pool Corporation is celebrating its 30th anniversary as a publicly listed company by ringing the opening bell at Nasdaq, highlighting its growth and success over the years [1][2] Company Overview - Pool Corporation, initially listed as SCP Pool Corporation on October 12, 1995, changed its name in 2006 and has grown annual sales from $161 million in 1995 to $5.3 billion in 2024 [2] - The company has expanded its workforce from around 800 employees to over 6,000 [2] - Pool Corporation operates over 450 sales centers across North America, Europe, and Australia, distributing more than 200,000 products to approximately 125,000 wholesale customers [4] Financial Performance - The market value of Pool Corporation has increased to $11 billion, providing a compounded annual growth rate of 23% in total shareholder return (TSR) since its initial public offering [2] - An investment of $10,000 at the time of the initial public offering would be worth around $4.5 million today, including dividend reinvestment [2]

Core Insights - Pool Corporation (POOL) is set to report its third-quarter 2025 results on October 23, with earnings expected to be $3.37 per share, reflecting a 3.4% increase from the previous year, and revenues projected at $1.45 billion, indicating a 1.1% rise [1][2][8] Group 1: Performance Expectations - The Zacks Consensus Estimate for third-quarter earnings per share is $3.37, up from $3.26 in the same quarter last year [2] - Revenue expectations are set at $1.45 billion, which is a slight increase from the previous year's figure [2] Group 2: Influencing Factors - Pool Corp's performance is likely to benefit from a strong local presence, robust distribution network, and targeted marketing initiatives [3] - Continued momentum in maintenance products, especially private-label chemical offerings, is expected to positively impact results [3] - The expansion of the POOL360 WaterTest platform and ongoing franchise growth are anticipated to enhance market position and support long-term growth [3][4] Group 3: Growth Strategies - The company is pursuing both organic and inorganic growth strategies, particularly in regions with higher pool densities [4] - The Pinch A Penny franchise network has added five new stores, including its first in North Carolina, increasing the total to 302 franchised stores [4] - Management is optimistic that favorable demographic trends and rising demand for at-home leisure will sustain demand for maintenance and renovation [4] Group 4: Challenges - Macroeconomic uncertainty, evolving policy decisions, and high interest rates are expected to pressure new pool construction and large-scale renovation projects [5] - Despite these challenges, Pool Corp's focus on innovation and a strong product sales mix is expected to help mitigate these pressures [5] Group 5: Earnings Prediction Model - The current model does not predict an earnings beat for Pool Corp, as it has an Earnings ESP of -0.52% and a Zacks Rank of 3 [6]

Core Insights - Pool Corp. demonstrates resilience by generating revenue even in unfavorable economic conditions [1][8] - The company is favored by income investors, including Warren Buffett, due to its consistency and cash flow [2][13] - Pool Corp. operates as an independent distributor of swimming pool products and has faced a challenging year with a stock decline of nearly 14% [3][4] Company Overview - Based in Covington, Louisiana, Pool Corp. distributes over 200,000 products from more than 2,200 suppliers across the U.S., Europe, and Australia [6] - The majority of its customers are builders or service professionals, with 64% of revenue coming from maintenance and repair product sales [6] - The company has a growing digital commerce platform, Pool 360, which now accounts for 17% of net sales, up from 14.5% a year ago [7] Financial Performance - In Q2, Pool Corp. reported a revenue increase of 1% year-over-year to $1.78 billion, with a gross profit of $535.1 million and a maintained profit margin of 30% [8] - Net income rose slightly to $194.2 million, with diluted earnings per share increasing to $5.17 from $4.99 in Q2 2024 [8] - The company expects modestly improved sales in the latter half of the year, with full-year earnings projected between $10.80 and $11.30 per share [11] Market Outlook - The company anticipates improved conditions for pool construction as interest rates begin to fall, with expectations for increased activity in 2026 [9][10] - Demographic trends and the desire for at-home leisure are expected to support ongoing demand for pool construction and renovations [10] Investment Appeal - Pool Corp. has consistently increased its dividend for 15 years, currently offering a dividend of $5 per share, resulting in a yield of 1.73% [11] - Berkshire Hathaway holds a significant stake in Pool Corp., indicating confidence in the company's long-term stability and income potential [13] - The company is viewed as a solid investment opportunity for long-term growth despite current market challenges [14]

Core Insights - AerCap Holdings N.V. has signed a seven-year agreement with GE Aerospace to provide lease pool management services for the GE9X engine, extending support for other engines as well [1][2][3] Group 1: Agreement Details - The agreement enhances the partnership between AerCap and GE Aerospace, adding the GE9X engine to AerCap's servicing capabilities [2] - AerCap will manage GE9X shop visit management, lease return coordination, technical services, and lease documentation support [2][3] Group 2: Strategic Importance - The agreement is crucial for ensuring that customers have a robust support network for their 777X fleets when the GE9X enters service [3] - GE Aerospace is investing in capabilities to support GE9X customers, including increasing capacity and enhancing training [3] Group 3: Company Background - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [4] - GE Aerospace has an installed base of around 44,000 commercial and 26,000 military aircraft engines, employing 52,000 people globally [5]

Core Viewpoint - Pool Corporation will release its third quarter 2025 earnings results on October 23, 2025, before market opening, followed by a conference call to discuss the results [1] Company Overview - Pool Corporation is the largest wholesale distributor of swimming pool and related backyard products globally [2] - The company operates over 450 sales centers across North America, Europe, and Australia [2] - Pool Corporation distributes more than 200,000 products to approximately 125,000 wholesale customers [2]