Pool Corp falls on weaker-than-expected FY EPS outlook, lower results

Pool

20/07/2023 12:47

** Shares of swimming pool supplies maker Pool Corp  POOL.O 
down 5.7% at $344.9, premarket
    ** Co sees annual diluted EPS to be in the range of $13.14
to $14.14; below analyst est. of $14.81- Refinitiv 
    ** POOL Q2 EPS decreased 23% to $5.91 vs $7.63 in Q2 of 2022
    ** Posts Q2 net sales of $1,857.4 mln vs $2,055.8 mln a year
ago; also misses analyst est. of $1,892 mln
    ** "We are well-positioned for long-term growth despite
short-term macro trends and weather-challenged results during
the first half of 2023," says Peter D. Arvan, CEO
    ** POOL shares up 21.05% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))