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published in Blogs
Feb 22, 2022
Pool Corp. (POOL, $454.83) beat Q4 expectations

Pool Corp. (POOL, $454.83) beat Q4 expectations

Pool Corporation posted fourth-quarter 2021 earnings and revenues that exceeded Zacks Consensus Estimate. The figures also rose from the same quarter a year ago.

During fourth-quarter 2021, the wholesale distributor of swimming pool supplies reported adjusted earnings of $2.30 per share, well above the Zacks Consensus Estimate of $1.97. In the prior-year quarter, the company’s adjusted earnings were $1.30 per share.

Net revenues rose +23.4% from the year-ago quarter to  $1,035.6 million in the quarter surpassed the consensus expectations of $979 million.

Pool Corp’s revenues in the Base Business segment surged +22.3% year over year to $990.7 million. Operating income climbed +66.4% year over year to $127.8 million, while operating margin expanded 340 basis points (bps) to 12.9%.

The Excluded segment generated net revenues of $44.9 million in the fourth quarter compared with $29.4 million reported in the prior-year quarter. The segment’s operating loss came in at -$2.5 million against an operating income of $127.9 million of the year-ago quarter.  The segment’s operating margin for the quarter was 0.2%, narrower than the year-ago period’s 8.4%.

For the year 2022, Pool Corp. projects adjusted diluted EPS in the range of $17-$17.75, compared to the Zacks Consensus Estimate of $16.57.

Related Tickers: POOL