Pool Corp(US:POOL) Newsfilter·2025-04-24 11:00Core Insights - Pool Corporation reported a net sales of over $1.0 billion in Q1 2025, reflecting the strength and resilience of its business despite a 4% decrease in net sales compared to Q1 2024 [3][4] - The company confirmed its full-year 2025 earnings guidance range of $11.10 to $11.60 per diluted share, which includes a tax benefit of $0.10 [11][14] Financial Performance - Net sales decreased by 4% in Q1 2025, with a same-selling day basis decline of 2%, consistent with the previous quarter's performance [4] - Gross profit fell by 8% year-over-year, with gross margin decreasing to 29.2% from 30.2% [5] - Operating income decreased by 29%, resulting in an operating margin of 7.2% compared to 9.7% in Q1 2024 [7] - Net income dropped to $53.5 million in Q1 2025 from $78.9 million in Q1 2024, with earnings per diluted share decreasing by 30% to $1.42 [9] Operational Highlights - The company expanded its sales center network by adding two new locations and optimized its supply chain capabilities [3] - Maintenance-related product sales supported overall sales, with chemical volumes growing by 1% [4] - Selling and administrative expenses increased by 2% due to inflation and network expansion, leading to an operating expense percentage of 21.9% [6] Balance Sheet and Liquidity - Inventory balance was $1.5 billion, a reduction of $36.3 million or 2% from the previous year [12] - Total debt outstanding increased by $45.9 million to $1.0 billion [12] - Net cash provided by operations was $27.2 million, a significant decline from $145.4 million in the same period last year [13] Market Position and Strategy - The company continues to focus on strengthening its industry-leading position through disciplined execution and innovation in its customer-centric digital ecosystem [14] - Pool Corporation operates 449 sales centers across North America, Europe, and Australia, distributing over 200,000 products to approximately 125,000 wholesale customers [16]