Company Overview - Pool Corporation (POOL) is the world's largest wholesale distributor of swimming pool and backyard products, operating approximately 455 sales centers across North America, Europe, and Australia, serving nearly 125,000 wholesale customers with over 200,000 products [1] Market Position - The company has a market capitalization of approximately $7.6 billion, classifying it as a mid-cap firm, indicating established business performance with potential for growth [2] Stock Performance - Pool Corporation's stock is currently trading 40.8% below its 52-week high of $345 reached in July, with a decline of 11.9% over the past three months, compared to a 3.3% decline in the S&P 500 Index, indicating greater pressure on POOL stock [3] - Over the past 52 weeks, POOL stock has fallen 36.6%, while the S&P 500 gained 16.4%, showcasing relative underperformance [6] - Year-to-date, the stock is down 10.7%, contrasting with the S&P 500's 3.5% decline, suggesting a continued downward trend into the new year [6] Technical Analysis - The stock has remained below its 50-day moving average of $241.21 since February and below its 200-day moving average of $275.51 since October 2025, reinforcing a sustained downtrend [7] Dividend Announcement - On February 25, Pool Corporation's Board of Directors declared a quarterly cash dividend of $1.25 per share, payable on March 26, which positively impacted the stock, lifting it nearly 4% in the following trading session, indicating that disciplined capital returns can stabilize market sentiment [8] Competitive Comparison - In comparison, rival Applied Industrial Technologies, Inc. (AIT) has gained 11.4% over the past 52 weeks and is only marginally down year-to-date, highlighting a steadier performance relative to Pool Corporation's more significant correction [9]

Core Insights - The company achieved a 7% net sales growth in 2025, demonstrating resilience despite U.S. new pool construction nearing post-GFC lows [1] - Record full-year gross margins of 48% were achieved, reflecting a 700 basis point expansion over six years due to productivity gains and a shift towards higher-margin technology products [1] - The company successfully mitigated tariff headwinds by reducing China-sourced U.S. cost of sales exposure from 10% to approximately 3% by year-end [1] Market Expansion - The addressable market was expanded by making OmniX automation standard on all new variable speed pumps and gas heaters, lowering the entry barrier for pool modernization [1] - The company entered previously unserved segments with the launch of 4-horsepower pumps for large residential pools and a new pressure cleaner line, targeting approximately 100,000 annual unit opportunities [1] Commercial Segment Strengthening - The commercial segment was strengthened through the first full year of ChlorKing ownership and the expansion of the 'Hayward Hub' regional training and service network [1]

Financial Data and Key Metrics Changes - Net sales increased by 7% in Q4 2025 to $349 million, with a full year increase of 7% to $1.122 billion, exceeding guidance [5][9][22] - Gross margin reached a record 48%, with Adjusted EBITDA increasing by 4% to $103 million in Q4 and by 8% to $299 million for the full year [6][9][21] - Adjusted diluted EPS rose by 7% to $0.29 in Q4 and by 15% to $0.77 for the full year [8][9][22] Business Line Data and Key Metrics Changes - North America sales increased by 8% to $309 million in Q4, with U.S. sales up 8% and Canada up 10% [12][23] - Europe and rest of world sales remained steady at $41 million, with Europe up 7% and rest of world down 9% [24] - For the full year, North America sales were up 7% to $959 million, while Europe and rest of world sales increased by 4% to $163 million [23][25] Market Data and Key Metrics Changes - The aftermarket model, which represents approximately 85% of total sales, demonstrated resilience despite challenges in new pool construction [10][11] - The company reported strong performance in Canada and a solid recovery in Europe, reflecting operational focus and organizational realignment [11][12] Company Strategy and Development Direction - The company is focused on innovation, operational excellence, and enhancing customer experience while maintaining a strong financial profile [7][12] - Strategic investments in research, development, and engineering are aimed at supporting growth-enhancing innovation, including the launch of the OmniX automation ecosystem [12][15] - The company aims to leverage its expertise in water management to explore growth opportunities in industrial flow control and other markets [92][93] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business and the ability to execute strategic growth initiatives, expecting continued sales and earnings growth in 2026 [8][27] - The company anticipates a normal seasonal pattern for 2026, with Q1 and Q3 being lower result periods and Q2 and Q4 being higher [36][38] - Management highlighted the importance of the aftermarket and the potential for new products to drive growth, particularly in the context of ongoing economic challenges [39][40] Other Important Information - The company achieved a reduction in net leverage to 1.9x by year-end, enhancing liquidity and capacity for future investments [7][25] - A change in accounting principle regarding warranty costs was noted, which did not impact net sales or operating income [4][21] Q&A Session Summary Question: What was the source of the upside surprise in Q4? - Management noted that early buy orders and strong in-quarter demand contributed to the positive results, despite a challenging prior year comparison [31][32] Question: Can you discuss your assumptions for aftermarket and new pool dynamics? - Management indicated that they expect normal demand for 2026, with no significant improvement in new construction anticipated [38][39] Question: Any impacts from severe weather in the Northeast? - Management acknowledged that the winter has been more severe, but noted minimal impact on equipment replacement demand [44][45] Question: Update on the tariff situation and supply chain realignment? - Management reported a significant reduction in dependency on China and expressed confidence in managing tariff-related costs [48][49] Question: Can you elaborate on increased investments and CapEx? - Management confirmed a step-up in CapEx to upgrade U.S. manufacturing capabilities, with a focus on automation and modernization [53][54] Question: What is the outlook for the industrial flow control business? - Management is exploring growth opportunities in this area, recognizing its potential beyond the pool industry [92][93]

Financial Data and Key Metrics Changes - The company's annual revenue for 2025 was $5.3 billion, remaining stable year-over-year, with fourth-quarter sales totaling $982 million, just 1% below the previous year's level [6][17] - Gross margin for 2025 reached 29.7%, an increase of 20 basis points from the prior year, while fourth-quarter gross margins improved to 30.1%, up 70 basis points year-over-year [7][18] - Diluted earnings per share (EPS) for 2025 was $10.85, compared to $11.30 in the previous year, reflecting a 3% decrease [23] Business Line Data and Key Metrics Changes - Maintenance items accounted for approximately 64% of pool product sales in 2025, while renovation and remodel projects made up 22%, and new pool construction contributed 14% [21] - Sales to independent retail customers decreased by 3% for the year and 4% in the fourth quarter, reflecting softer retail demand compared to the previous year [10] - Pinch A Penny franchise sales declined 2% for the full year and 9% in the fourth quarter, primarily due to last year's hurricane activity [10] Market Data and Key Metrics Changes - In Florida, sales declined 2% for the year and 9% in the fourth quarter, while Texas showed early signs of recovery with a 1% growth in the fourth quarter [8] - Europe experienced local currency growth for the first time in three years, including a 4% increase in the fourth quarter [9] - Overall, the company anticipates net sales growth in the low single-digit range for 2026, assuming new pool constructions remain close to 60,000 units [13][27] Company Strategy and Development Direction - The company is focused on delivering an unmatched customer experience, expanding exclusive brands, and leveraging technology and network investments to drive efficiency [14][15] - Strategic investments in technology and supply chain initiatives are expected to yield measurable benefits in 2026, enhancing profitability and customer experience [6][12] - The company plans to maintain a disciplined approach to capital allocation, focusing on high-return opportunities while continuing to invest in growth [14][31] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing challenges in the macro environment, including higher interest rates and inflation, but expressed confidence in the company's ability to navigate these conditions [26][33] - There is optimism regarding pent-up demand in the pool industry as consumer confidence returns, although the timing remains uncertain [4][27] - The company expects maintenance revenues to remain resilient, supported by the addition of new pools built in 2025 [26][27] Other Important Information - The company distributed $530 million in cash to shareholders in 2025, a 10% increase over the previous year, including $341 million in share repurchases [7] - Inventory at year-end was $1.45 billion, an increase of 13% from the previous year, as the company made strategic purchases in anticipation of cost increases [24] - The effective tax rate for the year was 23.8%, slightly higher than the previous year's rate [23] Q&A Session Summary Question: On SG&A and incentive compensation - Management confirmed that the incentive compensation structure is a sliding scale, and flat sales would not trigger a change in overall compensation from 2025 to 2026 [36] Question: On gross margin expectations - Management discussed various factors affecting gross margin, including customer mix, product mix, and pricing optimization efforts [38] Question: On first-quarter performance and chemical prices - Management indicated that first-quarter expectations are in line with low single-digit growth, and there is no significant concern regarding chemical price deflation [50]

Financial Data and Key Metrics Changes - The company's annual revenue for 2025 was $5.3 billion, remaining stable year-over-year, with fourth-quarter sales totaling $982 million, just 1% below the previous year's level [6][17] - Gross margin for 2025 reached 29.7%, an increase of 20 basis points from the prior year, while fourth-quarter gross margins improved to 30.1%, up 70 basis points year-over-year [7][18] - Diluted earnings per share (EPS) for 2025 was $10.85, compared to $11.30 in the previous year, reflecting a 3% decrease [23] Business Line Data and Key Metrics Changes - Maintenance items accounted for approximately 64% of pool product sales in 2025, while renovation and remodel projects made up 22%, and new pool construction contributed 14% [21] - Sales to independent retail customers decreased by 3% for the year and 4% in the fourth quarter, reflecting softer retail demand compared to the previous year [10] - Pinch A Penny franchise sales declined 2% for the full year and 9% in the fourth quarter, primarily due to last year's hurricane activity [10] Market Data and Key Metrics Changes - In Florida, sales declined 2% for the year and 9% in the fourth quarter, while Texas showed early signs of recovery with a 1% growth in the fourth quarter [8] - Europe experienced local currency growth for the first time in three years, including a 4% increase in the fourth quarter [9] - Overall, the company anticipates net sales growth in the low single-digit range for 2026, assuming new pool constructions remain close to 60,000 units [13][27] Company Strategy and Development Direction - The company is focused on delivering an unmatched customer experience, expanding exclusive brands, and leveraging technology and network investments to drive efficiency [14][15] - Strategic investments in technology and supply chain initiatives are expected to yield measurable benefits in 2026, enhancing profitability and customer experience [6][12] - The company plans to maintain a disciplined approach to capital allocation, focusing on high-return opportunities while continuing to invest in growth [14][26] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing challenges in the macro environment, including higher interest rates and inflation, but expressed confidence in the company's ability to navigate these conditions [26][33] - There is optimism regarding pent-up demand in the pool industry as consumer confidence returns, although the timing remains uncertain [4][27] - The management team remains confident in achieving low single-digit sales growth in 2026, supported by maintenance revenues and strategic initiatives [27][33] Other Important Information - The company distributed $530 million in cash to shareholders in 2025, a 10% increase over the previous year, including $341 million in share repurchases [7] - Inventory at year-end was $1.45 billion, an increase of 13% from the previous year, reflecting proactive purchasing strategies [24] - The company opened 8 new locations and acquired 3, bringing the total to 456 sales centers at the end of the year [12] Q&A Session Summary Question: On SG&A and incentive compensation - The management confirmed that the incentive compensation structure is a sliding scale, and flat sales would not trigger a change in overall compensation from 2025 to 2026 [36] Question: On gross margin factors - Management discussed various factors affecting gross margin, including customer and product mix, pricing optimization, and competitive pressures [38][40] Question: On first-quarter performance and chemical prices - Management indicated that first-quarter expectations are in line with previous guidance, and there is no significant concern regarding chemical price deflation [50][51] Question: On store operations and profitability improvement - The management highlighted opportunities for improving profitability at bottom-performing stores through enhanced customer engagement and operational execution [56][60] Question: On organic versus inorganic growth - Management expressed confidence in achieving organic growth through improved customer engagement and market share, while still considering inorganic growth opportunities [76]

Financial Data and Key Metrics Changes - Net sales increased by 7% to $244 million, driven by a 5% increase in net price and a 2% increase in volume [4][7][15] - Adjusted EBITDA increased by 16% to $59 million, with adjusted EBITDA margin expanding by 170 basis points to 24.2% [4][7][15] - Gross profit margin increased by 150 basis points to 51.2% [4][7][15] - Net leverage reduced to 1.8x, the lowest level in nearly four years [5][19] Business Line Data and Key Metrics Changes - North American net sales increased by 7% to $208 million, with net price realization increasing by 7% and stable volume [16][17] - European and rest of the world net sales increased by 11% to $36 million, with an 8% increase in volume offsetting a 1% reduction in net price realization [17][18] Market Data and Key Metrics Changes - Strong demand trends were reported, particularly in North America and Canada, with Canada seeing over 20% growth [8][27] - The aftermarket model remains resilient, with approximately 85% of sales aligned with serving the aftermarket needs of the existing installed base [8][9] Company Strategy and Development Direction - The company is focused on expanding customer relationships, developing innovative products, and leveraging operational excellence capabilities [5][6] - Investments are being made in advanced engineering and product development, particularly with the introduction of the OmniX automation platform [11][12][34] - The company is also pursuing additional acquisition opportunities in residential and commercial pool sectors [21][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic environment and raised full-year guidance for net sales and adjusted EBITDA [6][22][23] - The company anticipates solid cash flow generation and a conversion of greater than 100% of net income [23] - Management noted that the macroeconomic and tariff environment continues to evolve, but they remain positive about the long-term growth outlook for the pool industry [24][23] Other Important Information - The company is implementing AI tools to enhance customer service, with new AI agents resolving approximately 80% of inbound calls without human intervention [14][13] - The company has authorized a share repurchase program of up to $450 million over three years [21][22] Q&A Session Summary Question: Demand trends since July and upside in Q3 - Management noted strong sales out demand, particularly in September, and highlighted improved performance in Canada and Europe [26][27][28] Question: Early buy program and price increase reception - The early buy program is tracking well, with discounts offered to mitigate price increases due to inflation and tariffs [29][30] Question: Investments in new products and their impact on sales - The company is making targeted investments in new product development, particularly in technology and innovation, which is expected to drive future sales [33][34] Question: Impact of private label competition - Management believes that their loyal dealer base will continue to appreciate the value proposition of Hayward products despite competition from lower-priced alternatives [40][41] Question: Increase in cash flow guidance - The increase in cash flow guidance is attributed to improved EBITDA, project timing, and working capital management [43][44] Question: International market margin improvements - European margins improved due to stabilization of production capabilities and a cumulative tariff refund [74][75] Question: Tariff refunds and supply chain realignment - The company is actively pursuing tariff refunds and has made significant progress in reducing exposure to China [82][84]

Financial Data and Key Metrics Changes - Net sales increased by 7% to $244 million, driven by a 5% increase in net price and a 2% increase in volume [4][7][15] - Adjusted EBITDA increased by 16% to $59 million, with an adjusted EBITDA margin of 24.2%, up 170 basis points [4][7][15] - Gross profit margin expanded by 150 basis points to 51.2% [4][15] - Cash flow from operations year-to-date was $283 million, compared to $276 million in the previous year [20] Business Line Data and Key Metrics Changes - North American net sales increased by 7% to $208 million, with a 7% increase in net price realization and stable volume [16][17] - European and rest of the world net sales increased by 11% to $36 million, with an 8% increase in volume offsetting a 1% reduction in net price realization [17][18] - Adjusted segment income margins in Europe increased to 18.5% from 8.4% a year ago [18] Market Data and Key Metrics Changes - Strong demand trends were reported, particularly in Canada, which saw over 20% growth [28] - The U.S. market experienced improved out-the-door sales growth rates for Hayward products, especially in September [8][26] - The aftermarket model remains resilient, with approximately 85% of sales aligned with serving existing installed base needs [8][9] Company Strategy and Development Direction - The company is focusing on expanding customer relationships, developing innovative products, and leveraging operational excellence [5][6] - Strategic initiatives include tariff mitigation actions and investments in advanced engineering and product development [11][12] - The company is also pursuing additional acquisition opportunities in residential and commercial pool sectors [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic environment and raised full-year guidance for net sales and adjusted EBITDA [6][22] - The company expects net sales to increase approximately 4% to 5.5% for the full year, with adjusted EBITDA projected to increase by 5% to 7% [22][23] - Management noted that the macroeconomic and tariff environment continues to evolve, but they remain positive about long-term growth in the pool industry [24] Other Important Information - The company has reduced net leverage to 1.8 times, the lowest level in nearly four years, providing enhanced financial flexibility [5][19] - The board authorized a share repurchase program of up to $450 million over three years [21] Q&A Session Summary Question: How did the season progress since July, and where did you see the upside in the third quarter? - Management noted strong sales out demand, particularly in September, and highlighted improved performance in Canada and Europe [26][28] Question: How do you think about the early buy program relative to the market being flat? - Management indicated that the early buy program is tracking expectations and that they are managing price increases carefully to mitigate inflation impacts [30][31] Question: Can you discuss your investments in new products and how they are impacting sales? - Management emphasized targeted investments in engineering and new product development, particularly with the OmniX platform, which is expected to drive future growth [34][36] Question: What are your capital allocation priorities moving forward? - Management stated that they will focus on organic capex, M&A opportunities, and share repurchases, with an emphasis on automation and supply chain improvements [49][50] Question: How are you addressing the impact of tariffs and supply chain realignment? - Management reported significant progress in reducing exposure to China and successfully applying for tariff refunds, which positively impacted margins [82][84]

Financial Data and Key Metrics Changes - The company reported net sales of $1.5 billion for Q3 2025, reflecting a 1% year-over-year increase, with gross margin expanding by 50 basis points to 29.6% [4][22][23] - Diluted EPS increased by 4% to $3.40 from $3.27 in the same quarter last year [23] - Operating income improved by $2 million year-over-year, totaling $178 million for the quarter [23] Business Line Data and Key Metrics Changes - Maintenance product sales performed well, particularly in parts and private label chemical volumes [4][8] - Building materials sales increased by 4%, driven by private label offerings and customer experience enhancements [10] - Equipment sales, excluding cleaners, also rose by 4%, primarily due to price benefits and steady replacement volume [11] Market Data and Key Metrics Changes - Florida experienced 1% growth, while Texas remained flat, and California and Arizona each saw a 3% decline [8] - In Europe, net sales decreased by 1% in local currency but increased by 6% in U.S. dollars, with southern countries showing growth [9] - Chemical sales declined by 4% due to deflation, but overall demand for chemicals was considered stable [9][10] Company Strategy and Development Direction - The company shared a strategic roadmap focused on innovation and growth plans during its International Sales Conference [5] - Investments in technology, particularly the POOL360 platform, are seen as key differentiators and are driving customer adoption [14][16] - The company aims to expand its market share through strategic acquisitions and new sales center openings, with a target of 8 to 10 new centers for the year [15][24] Management's Comments on Operating Environment and Future Outlook - Management noted that uncertainty around tariffs and high borrowing rates are impacting consumer sentiment and discretionary spending [6] - Despite challenges, new pool construction sales have outperformed industry permit data, indicating share expansion [7] - The company expects full-year sales performance to be relatively flat to slightly up, with diluted EPS guidance confirmed at $10.81-$11.31 [15][27] Other Important Information - The company completed one acquisition during the quarter, adding two locations in key markets [15] - Inventory levels increased by 4% to $1.2 billion, attributed to product inflation and stocking for new locations [24] - Cash flows from operations year-to-date totaled $286 million, down from $487 million in the prior year due to higher tax payments and working capital investments [24] Q&A Session Summary Question: Early signs of stabilization in housing and consumer trends - Management noted that permit data is sporadic, but overall activity levels seem to have firmed up, with positive comments from builder and remodel customers [32] Question: Investments in innovation and technology - Management emphasized that technology investments are aimed at enhancing customer experience and productivity, with a focus on the POOL360 platform [34][39] Question: Customer risk and margin implications - Management acknowledged consolidation at the customer level but sees it as an opportunity to leverage their technology suite for better integration and efficiency [47] Question: Chemical sales weakness and inflation - Management clarified that there has been some deflation in the sanitizer category, but overall chemical sales remain stable [55][56] Question: Pricing expectations for the next year - Management indicated that pricing increases are expected to be in line with historical trends, with innovation helping to mitigate customer fatigue regarding price hikes [90][92] Question: Adoption rates for POOL360 - Management expressed confidence in the growth potential for POOL360 adoption, aiming for a target of 25% to 30% in the coming years [94][96]

Financial Data and Key Metrics Changes - The company reported net sales of $1.5 billion for Q3 2025, reflecting a 1% increase year-over-year, with gross margin expanding by 50 basis points to 29.6% [4][24] - Diluted earnings per share (EPS) increased by 4% to $3.40 from $3.27 in the same quarter last year [27] - Operating income improved by $2 million year-over-year, totaling $178 million for the quarter [26] Business Line Data and Key Metrics Changes - Maintenance product sales performed well, particularly in parts and private label chemical volumes [7] - Building materials sales increased by 4%, driven by private label offerings and improved customer experience [12] - Equipment sales, excluding cleaners, also rose by 4%, primarily due to price benefits and steady replacement volume [13] Market Data and Key Metrics Changes - Florida experienced 1% growth, while Texas remained flat, and California and Arizona saw declines of 3% each [8] - In Europe, net sales decreased by 1% in local currency but increased by 6% in U.S. dollars [10] - The company noted that permit data was down mid-single digits year-over-year, indicating variability across different regions [6] Company Strategy and Development Direction - The company is focused on innovation and investment in its POOL360 applications, which are gaining adoption among customers [5] - A strategic roadmap for the next year was shared with the management team, emphasizing innovative products and growth plans [5] - The company aims to leverage its technology suite to enhance customer experience and drive future growth [16][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the team's ability to adapt to macroeconomic challenges, including elevated borrowing rates and consumer sentiment [6][20] - The outlook for 2025 remains cautious, with expectations for full-year sales performance to be relatively flat to slightly up [19] - Management highlighted the importance of further interest rate cuts to stimulate demand for new pool construction [6] Other Important Information - The company completed one acquisition during the quarter, adding two locations in key markets, and opened one greenfield site, bringing the total to six new sales centers year-to-date [17][18] - The company confirmed its diluted EPS guidance for the year to a range of $10.81 to $11.31, reflecting $0.11 in realized ASU benefits year-to-date [19][31] Q&A Session Summary Question: What is driving the early signs of stabilization in the market? - Management noted that permit data is sporadic but overall activity levels seem to have firmed up, with positive comments from builder and remodel customers [36] Question: Can you elaborate on the investments in innovation and technology? - Management emphasized that investments in technology are aimed at enhancing customer experience and productivity, with tools like POOL360 being central to this strategy [39][40] Question: How does customer consolidation impact margins and what levers are available? - Management indicated that customer consolidation presents an opportunity to leverage their technology suite, which can help larger customers operate more efficiently [50] Question: What is the outlook for chemical pricing and deflation? - Management acknowledged slight deflation in the sanitizer category but stated that overall chemical sales remain stable, with no alarming trends [56][58] Question: What are the expectations for sales and EPS in the fourth quarter? - Management expects fourth-quarter sales to be flat to slightly up, with weather conditions playing a significant role in construction and remodel activities [79][82]

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]