Pool Corp(US:POOL)2025-10-23 14:29Financial 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]