Free Research Report as Pool Delivered Record Quarterly Sales; Adjusted EPS Surged 26.7%

LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want access to our free earnings report on Pool Corp. (NASDAQ: POOL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=POOL. The Company reported its second quarter fiscal 2018 operating and financial results on July 19, 2018. The world's largest wholesale distributor of swimming pool and related backyard products beat revenue estimates. Additionally, the Company raised the lower end of its earnings guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Pool most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=POOL

Earnings Highlights and Summary

Pool's net sales increased 7% to a record $1.06 billion in the second quarter of the fiscal year 2018 compared to $988.2 million in Q2 2017. The Company's base business sales grew 6% on a y-o-y basis, with its discretionary products such as building materials and equipment leading its sales growth. Pool's revenue numbers beat analysts' estimates of $1.05 billion.

During Q2 2018, Pool's gross profit increased 7% to a record $308.7 million from $289.7 million in Q2 2017. The Company's gross profit as a percentage of net sales, or gross margin, was 29.2% in the reported quarter compared to 29.3% in the prior year's same quarter.

For Q2 2018, Pool's operating expenses increased 8% to $146.6 million on a y-o-y basis, with base business operating expenses up approximately 7% over the comparable period in 2017. As a percentage of sales, the Company's base business operating expenses were consistent at 13.6% of sales on a y-o-y basis.

For Q2 2018, Pool's operating income rose 5% to a record $162.0 million compared to $154.2 million in Q2 2017. The Company's operating income as a percentage of net sales was 15.3% in the reported quarter and 15.6% in the year earlier quarter, while its base business operating margin was 15.5% in Q2 2018 and 15.7% in Q2 2017.

Pool's net income attributable to common shareholders was $117.0 million, or $2.80 per diluted share, versus $94.9 million, or $2.21 per diluted share, in Q2 2017. The reduction in the Company's effective tax rate from 37.0% to 25.0% reduced its income tax expenses by approximately $18.7 million, or $0.45 per diluted share, in Q2 2018. Pool's earnings numbers lagged Wall Street's estimates of $2.84 per share.

Cash Matters

On its balance sheet at June 30, 2018, Pool's total net receivables, including pledged receivables, increased 9%, while its inventory levels grew 12% compared to June 30, 2017. The growth in receivables and inventory includes growth from acquired businesses, while the inventory growth also includes purchases made in advance of certain mid-year vendor price increases. The Company's total debt outstanding was $657.1 million at June 30, 2018, reflecting an increase of $103.6 million from total debt at June 30, 2017.

During H1 2018, Pool's cash used in operations was $36.8 million compared to $41.3 million in H1 2017.

Outlook

For FY18, Pool updated its earnings per diluted share guidance range to $5.50 - $5.70 from its previous range of $5.45 - $5.70.

Stock Performance Snapshot

July 26, 2018 - At Thursday's closing bell, Pool's stock marginally rose 0.22%, ending the trading session at $157.41.

Volume traded for the day: 112.42 thousand shares.

Stock performance in the last month - up 1.75%; previous three-month period - up 14.72%; past twelve-month period - up 44.47%; and year-to-date - up 21.41%

After yesterday's close, Pool's market cap was at $6.33 billion.

Price to Earnings (P/E) ratio was at 32.93.

The stock has a dividend yield of 1.14%.

The stock is part of the Consumer Goods sector, categorized under the Sporting Goods industry.

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