Pool Corp Q1 Results Miss Estimates; Boosts FY24 Outlook
(RTTNews) - Pool Corp. (POOL) on Thursday reported that net income for the first quarter declined to $78.89 million or $2.04 per share from $101.70 million or $2.58 per share in the prior-year quarter.
Excluding the impact from ASU 2016-09 in both periods, adjusted earnings for the quarter were $1.85 per share, compared to $2.46 per share for the year-ago quarter.
Net sales for the quarter decreased 7 percent to $1.12 billion from $1.21 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.91 per share on revenues of $1.13 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, Pool now projects earnings in a range of $13.19 to $14.19 per share, up from the prior outlook range of $13.10 to $14.10 per share. The Street expects earnings of $13.27 per share for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake
Pool Corp Q4 Adj. EPS Tops View; Guides FY24 Below Estimates
Pool Corp Trims FY23 Outlook As Q3 Results Top Estimates
Pool Corp Slashes FY23 Outlook As Q2 Results Miss Estimates
Pool Corp Boosts FY22 Outlook As Q3 Results Top Estimates - Quick Facts
Pool Corp Boosts FY22 Outlook As Q2 Adj. EPS Tops Estimates
U.S. Dollar Falls As Economic Growth Slows More Than Expected
