Pool Corporation has recently released its 10-Q report, providing a detailed look at the company's financial performance. The company, incorporated in 1993 and headquartered in Covington, Louisiana, distributes a wide range of swimming pool supplies, equipment, leisure products, irrigation, and landscape maintenance products in the United States and internationally. Its offerings include maintenance products, repair and replacement parts for pool equipment, building materials, pool equipment for new construction and remodeling, irrigation products, commercial products, fiberglass pools, hot tubs, and other pool construction and recreational products.
In the first quarter of 2025, Pool Corporation's net sales decreased by 4% compared to the same period in 2024, with sales declining 2% on a same-selling day basis. Gross profit decreased by 8% and gross margin decreased by 100 basis points to 29.2%. Selling and administrative expenses increased by 2% and operating expenses as a percentage of net sales increased to 21.9% from 20.5% in the same period of 2024. Operating income decreased by 29% and net income decreased to $53.5 million in the first quarter of 2025 compared to $78.9 million in the first quarter of 2024. Earnings per diluted share decreased by 30% to $1.42 in the first quarter of 2025 compared to $2.04 in the same period of 2024.
The company's total debt outstanding was $1.0 billion at March 31, 2025, up $45.9 million from March 31, 2024, due to increased share repurchases in 2025. For the full year of 2025, Pool Corporation expects sales to be flat to slightly positive compared to 2024, with an expected effective tax rate of around 25.0% without the impact of ASU 2016-09. The company expects 2025 diluted EPS in the range of $11.10 to $11.60, including the impact of year-to-date tax benefits of $0.10. The market has reacted to these announcements by moving the company's shares 0.8% to a price of $293.65. If you want to know more, read the company's complete 10-Q report here.
