Pool Corp experienced a decline in sales in 1Q 2023 due to seasonally unusual weather in some of its key markets.
Latest In Pool Corp.
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 company said net sales for the quarter were 33% above the same period in 2021, while operating income was $235.7 million.
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.
The company says it finalized its agreement to acquire Florida-based company Porpoise Pool & Patio, Inc. and its main operating subsidiaries.
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
The company announced it has an agreement with Florida-based company Porpoise Pool & Patio, Inc. and its two main operating subsidiaries.
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.
In addition to setting a revenue record of $1.8 billion, the pool supply distributor saw profit increase nearly 65% for the quarter.
Due to strong results, Pool Corp. raises its guidance for the remainder of the year.
In addition to setting a revenue record of $1.1 billion, the pool supply distributor saw profit increase nearly 50% for the quarter.
Arvan previously served as CEO of Roofing Supply Group.
Profit increased 11.1 percent for the quarter.
Fourth-quarter sales increased 7 percent year-over-year.
Profit near doubles year-over-year to $16.4 million.
