Pool Corp beats Q2 profit on sustained demand for maintenance products

Pool

25/07/2024 12:46

July 25 (Reuters) - Pool Corp  POOL.O  beat expectations
for second-quarter profit on Thursday, helped by steady demand
for its pool repair and maintenance services.
    Pool posted an adjusted profit of $4.98 per share for the
quarter ended June 30, above analysts' estimates of $4.90 per
share, according to LSEG data.
        The Covington, Louisiana-based company is a wholesale
distributor of swimming pool supplies and equipment. It also
sells irrigation and landscaping products.
    "The demand for maintenance products supported a solid
quarter given the trend for lower consumer spending on high
dollar discretionary items," said CEO Peter Arvan.
        The company reported net sales of $1.78 billion for the
quarter, surpassing analysts' estimates of $1.74 billion.
  


 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shilpi
Majumdar)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))