NASDAQ$POOL

Pool Corp. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record results for the first quarter of 2021 and increased 2021 earnings guidance.

Pool Corporation reported record first quarter results with net sales increasing by 57% to $1.06 billion and operating income up by 263% to $129.0 million. Diluted EPS increased by 223% to $2.42, and the company increased its 2021 earnings guidance to $11.85 - $12.60 per diluted share.

  • Record net sales for Q1 2021 with overall growth of 57% and 51% growth in base business.
  • Record Q1 2021 operating income of $129.0 million, up 263% from Q1 2020 with a 690 basis point improvement in operating margin.
  • Q1 2021 diluted EPS increase of 223% to a record $2.42, or an increase of 227% to $2.32, excluding tax benefits in both periods and non-cash impairments recorded in Q1 2020.
  • Net cash provided by operations of $77.1 million, an increase of $57.4 million from the first three months of 2020.

Headline financials

Total Revenue

$1.06B

Previous: $677M+56.6%
EPS (adj)

$2.42

Previous: $0.90+168.9%
Capital Expenditures

-$8.84M

Previous: -$8.34M-6.0%
Free Cash Flow

$89.8M

Previous: $22.6M+297.9%
Net Income

$98.7M

Previous: $30.9M+219.1%
Operating Income

$129M

Previous: $35.6M+262.6%
Gross Profit

$301M

Previous: $190M+58.8%
Cash & Equivalents

$27.1M

Previous: $17.8M+52.1%
Total Assets

$2.14B

Previous: $1.75B+22.5%
Stock-Based Comp

$3.84M

Previous: $3.65M+5.0%

Revenue & EPS history

Pool Corp. · Revenue · Quarterly

$1.06B

Q1 2021+56.6%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Company updates its annual earnings guidance range to $11.85 to $12.60 per diluted share, including the impact of year-to-date tax benefits of $0.10.

Tailwinds

  • Industry-leading position
  • Strong demand trends
  • Solid backlog of projects
  • Outstanding results in the first quarter of 2021
  • Increased confidence in growth through the remainder of the year

Headwinds

  • Tougher year-over-year comparisons
  • Potential industry capacity constraints

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

58%

40 / 69 earnings

Positive

+13.6%

Q2 2024

Best reaction

-13.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-7.7%-21.1%
Q4 2025-13.1%-14.9%-21.5%
Q3 2025+0.7%-3.6%-19.4%
Q2 2025-1.4%-1.8%-1.4%
Q1 2025-6.7%-5.0%-2.3%
Q4 2024+1.0%+2.3%-6.1%
Q3 2024+4.4%+3.3%+4.5%
Q2 2024+13.6%+13.8%+9.6%
Q1 2024-1.6%-3.9%-4.0%
Q4 2023-0.4%+0.5%+7.0%
Q3 2023-4.3%-4.4%+4.0%
Q2 2023+1.0%+3.4%-4.5%
Q1 2023+1.3%-0.5%+1.9%
Q4 2022-2.1%-7.0%-11.1%
Q3 2022-4.5%+0.1%+8.0%
Q2 2022-8.5%-13.5%-4.1%
Q1 2022-3.7%-3.8%-6.1%
Q4 2021-1.2%-6.5%+5.9%
Q3 2021+8.5%+8.6%+24.4%
Q2 2021+1.0%+3.1%+6.3%
Q1 2021+8.8%+9.3%+11.3%
Q4 2020-3.6%-4.9%-2.3%
Q3 2020+1.6%+3.1%-4.5%
Q2 2020+0.8%+1.6%+10.4%
Q1 2020+12.1%+15.9%+25.1%
Q4 2019+2.8%+3.9%-9.3%
Q3 2019+8.3%+6.1%+3.3%
Q2 2019+4.0%+2.4%+6.0%
Q1 2019+5.3%+5.5%+8.9%
Q4 2018-3.7%-2.1%-0.5%
Q3 2018-2.2%-3.1%+7.1%
Q2 2018+0.8%-0.4%+1.3%
Q1 2018-3.9%-5.6%+1.3%
Q4 2017+11.3%+8.2%+6.7%
Q3 2017+7.9%+8.6%+7.5%
Q2 2017-10.2%-9.5%-9.7%
Q1 2017+1.2%+2.0%+1.4%
Q4 2016+3.8%+4.0%+7.7%
Q3 2016+2.5%+1.2%+9.0%
Q2 2016+3.3%+4.1%+3.9%
Q1 2016-1.6%
Q4 2015+1.1%
Q3 2015+9.9%
Q2 2015-3.5%
Q1 2015-1.4%
Q4 2014+8.4%
Q3 2014+5.9%
Q2 2014+3.3%
Q1 2014-1.1%
Q4 2013+7.1%
Q3 2013-2.4%
Q2 2013-1.4%
Q1 2013+1.6%
Q4 2012+2.3%
Q3 2012+0.3%
Q2 2012-1.6%
Q1 2012-4.1%
Q4 2011-0.9%
Q3 2011-4.9%
Q2 2011+0.6%
Q1 2010-1.0%
Q1 2011+1.3%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2010+1.7%
Q3 2009+1.7%
Q2 2010+2.7%
Q2 2009+2.7%
Q4 2009+2.7%

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