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Pool Corp beats profit estimates on demand for swimming pool maintenance
Feb 20, 2025 5:58 AM

Feb 20 (Reuters) - Pool Corp ( POOL ) on Thursday beat

fourth-quarter profit estimates owing to sustained demand for

pool maintenance services, especially in Florida on the back of

damages caused by hurricanes.

The Covington, Louisiana-based company bills itself as the

world's largest wholesale distributor of swimming pool supplies

and equipment and also sells irrigation and landscape products.

The company's quarterly adjusted profit was 97 cents per

share, beating analysts' estimate of 90 cents, according to

LSEG-compiled data.

Pool's shares rose 1.7% before the bell.

"Maintenance activities remained stable throughout 2024,

reflecting steady demand for non-discretionary products, while

sales of discretionary products for new pool construction and

remodeling were softer, impacted by macroeconomic conditions,"

Pool Corp ( POOL ) noted.

The pool products distributor sees profit per share for the

year at between $11.08 and $11.58, compared with its 2024 profit

of $11.30 per share.

The company's net sales fell 2% to $987.5 million in the

quarter ended December 31. However, they beat estimates of $963

million.

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