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Investing.com - Pool Corporation (NASDAQ:POOL) reported fourth quarter earnings on Thursday that surpassed analyst expectations, while revenue also came in above estimates.
However, the company’s full-year 2025 earnings guidance fell short of Wall Street projections.
The swimming pool supply distributor posted adjusted earnings per share of $0.98 for the fourth quarter, beating the analyst consensus of $0.92. Revenue for the period totaled $987.5 million, exceeding estimates of $960 million.
Despite topping quarterly forecasts, Pool Corp ’s sales declined 2% YoY to $987.5 million in Q4, compared to $1.0 billion in the same quarter last year. The company attributed the decrease to softer sales of discretionary products for new pool construction and remodeling, impacted by macroeconomic conditions.
For the full year 2024, net sales decreased 4% to $5.3 billion. Annual net income declined 17% to $434.3 million, while diluted EPS fell 15% to $11.30.
Looking ahead, Pool Corp provided earnings guidance for fiscal year 2025 in the range of $11.08 to $11.58 per diluted share, including an estimated $0.08 tax benefit.
This outlook falls below the current analyst consensus of $11.88 per share.
"Moving into 2025, we remain encouraged by stable home values, a resilient consumer and continuing favorable industry trends," said Peter D. Arvan, president and CEO of Pool Corp.
He added that the company is "well positioned to capitalize on the opportunities available, while continuing to provide a superior customer experience."
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