The unexpected transition is effective immediately, and caused Pool Corp. to postpone its investor day event that was planned for May 12.
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Pool Corp experienced a decline in sales in 1Q 2023 due to seasonally unusual weather in some of its key markets.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The companies reported strong third-quarter figures, with Watsco and Pool Corp breaking sales records and Snap-On topping $1.1 billion.
The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
The Covington, Louisiana-based company says its board of directors declared a quarterly cash dividend of $0.80 per share.
The company’s net sales for the fourth quarter of 2021 reached a ‘record’ $1 billion, while total yearly sales topped $5 billion.
Ohio Transmission Corporation, an industrial equipment service distributor, acquired Diversified Pump, TP Pump and Critical Rental Solutions.
Pool Corp.'s net sales for the third quarter of 2021 reflect overall growth of 24% from Q3 2020, with an operating income of $237.2 million.