The 2020 Mid-Year Economic Update_long

Pool Corp. Sales Up Slightly in 2Q

Profit increased 5 percent for the period.

Pool Corp. (Nasdaq: POOL), Covington, LA, reported second-quarter sales of $851.9 million, up slightly from the same period a year ago. Profit increased 5 percent to $77.9 million.

"Adverse weather conditions in a number of our significant markets affected our second quarter growth, as did the shift of early buy shipments into the first quarter," said Manuel Perez de la Mesa, president and CEO. "Our customers currently have a larger than normal backlog, given lost workdays, as a result of record rainfall in many important markets.  Conversely, in markets where weather was normal, our results met or exceeded our expectations."

Sales for the six months ended June 30 increased 4 percent year-over-year to a $1.3 billion, with 3 percent improvement in base business sales. Profit grew 10 percent to $86.3 million.

POOLCORP is a wholesale distributor of swimming pool and related backyard products.

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