NASDAQ$POOL

Pool Corp. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Pool Corporation reported record fourth quarter and year end results, surpassing annual sales of $5.0 billion for the first time and achieving a 23% increase in Q4 net sales.

Pool Corporation announced record fourth quarter and full year 2021 results, with Q4 net sales reaching $1.0 billion, a 23% increase year-over-year, and operating income growth of 72%. The company's annual net sales hit a record $5.3 billion, up 35% from 2020, with operating income increasing by 79%. Diluted EPS for 2021 reached a record $15.97, a 78% increase over the previous year. The company also provided a 2022 diluted EPS guidance range of $17.19 - $17.94.

  • Q4 2021 record net sales of $1.0 billion, a 23% increase year-over-year, with operating income growth of 72%.
  • Annual net sales reached a record $5.3 billion, up 35% from 2020.
  • Operating income increased by 79% to $832.8 million, with a 390 bps improvement in operating margin.
  • Record 2021 diluted EPS of $15.97, a 78% increase over 2020.

Headline financials

Total Revenue

$1.04B

Previous: $839M+23.4%
EPS (adj)

$2.63

Previous: $1.45+81.4%
Capital Expenditures

$13.4M

Previous: $4.81M+179.6%
Free Cash Flow

-$59M

Previous: $3.86M-1628.0%
Net Income

$108M

Previous: $59.2M+81.8%
Operating Income

$128M

Previous: $74.4M+71.9%
Gross Profit

$322M

Previous: $239M+34.8%
Cash & Equivalents

$24.3M

Previous: $34.1M-28.7%
Total Assets

$3.23B

Previous: $1.74B+85.7%
Stock-Based Comp

$3.43M

Previous: $3.42M+0.3%

Revenue & EPS history

Pool Corp. · Revenue · Quarterly

$1.04B

Q4 2021+23.4%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company projects earnings for 2022, including benefits from recent acquisitions, to grow on top of the strong results delivered in 2021 and be in the range of $17.19 to $17.94 per diluted share, including an estimated $0.19 favorable impact from ASU 2016-09.

Tailwinds

  • Robust demand trends continued in the fourth quarter and through the beginning of 2022.
  • Industry-leading position.
  • Solid backlog of projects.
  • Ongoing investments in employees.
  • Ongoing investments in distribution network and technology.

Headwinds

  • Impacts on business from the COVID-19 pandemic.
  • Sensitivity of business to weather conditions.
  • Changes in the economy.
  • Changes in consumer discretionary spending.
  • Changes in the housing market.

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 Q4 2021

Historical avgQ4 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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