Pool Corp beats Q3 profit estimates on demand for maintenance services

Pool

24/10/2024 12:24

Oct 24 (Reuters) - Pool Corp  POOL.O  beat third-quarter
profit estimates on Thursday on continued demand for its pool
repair and maintenance services.
    That helped the pool products distributor offset pressure in
its discretionary product segment, which includes irrigation and
landscape products, as consumers cutback spending on
non-essential items. 
     The company reiterated its 2024 profit outlook to be in the
range of $11.06 per share to $11.46 per share. 
    Quarterly adjusted profit of $3.26 per share beat analysts'
estimate of $3.14, according to LSEG compiled data.
    Revenue for the quarter ended September 30 came in at $1.43
billion, compared with estimates of $1.40 billion.

 (Reporting by Aatreyee Dasgupta and Aishwarya Jain in
Bengaluru; Editing by Arun Koyyur)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))