NASDAQ$POOL

Pool Corp. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported third quarter results and narrowed 2023 earnings guidance.

Pool Corporation reported net sales of $1.5 billion, a 9% decrease compared to the record high in Q3 2022. Diluted EPS was $3.51, or $3.50 without tax benefits. The company narrowed its annual earnings guidance to $13.15 - $13.65 per diluted share.

  • Net sales reached $1.5 billion, marking the second-highest third quarter in company history.
  • Operating income was $194.4 million with an operating margin of 13.2%.
  • Q3 2023 diluted EPS was $3.51, or $3.50 excluding tax benefits.
  • Annual earnings guidance range narrowed to $13.15 - $13.65 per diluted share.

Headline financials

Total Revenue

$1.47B

Previous: $1.62B-8.7%
EPS (adj)

$3.51

Previous: $4.78-26.6%
Capital Expenditures

-$43M

Previous: -$28M-53.6%
Free Cash Flow

$94.9M

Previous: $162M-41.5%
Net Income

$138M

Previous: $190M-27.5%
Operating Income

$194M

Previous: $264M-26.3%
Gross Profit

$429M

Previous: $504M-14.9%
Cash & Equivalents

$85.2M

Previous: $49.1M+73.6%
Total Assets

$3.43B

Previous: $3.69B-7.0%
Stock-Based Comp

$4.6M

Previous: $4.12M+11.6%

Revenue & EPS history

Pool Corp. · Revenue · Quarterly

$1.47B

Q3 2023-8.7%vs Q3 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Pool Corporation narrowed its annual earnings guidance to a range of $13.15 to $13.65 per diluted share, including a year-to-date tax benefit of $0.15. The company remains confident in long-term growth opportunities through improved execution, product additions, new locations, and acquisitions.

Tailwinds

  • Company maintains favorable pricing and profitability.
  • Long-term growth opportunities available organically.
  • Continuously improved execution.
  • Strategic product additions.
  • Targeted new locations.

Headwinds

  • Challenging macroeconomic factors continue weighing heavily on major project consumer spending.
  • Pool construction-related activities remained weaker
  • Lower sales volumes from reduced pool construction activity
  • Lower sales volumes from discretionary replacement activity
  • One less selling day in the third quarter of 2023 versus the third quarter of 2022.

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 Q3 2023

Historical avgQ3 2023

+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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