Here's Why Pool Corp. Stock Sank in June [Yahoo! Finance]
Pool Corporation (POOL)
Last pool corporation earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
ir.poolcorp.com
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Source: Yahoo! Finance
Market Intelligence . The move comes after a disappointing swimming pool season update in late June that caused the company to lower its full-year earnings estimates. Pool Corp. updates the market The second-quarter update referenced "persistently weak demand for new pool construction." Management now believes new pool units will decline by 15% to 20% in 2024 compared to 2023, with remodeling activity down by up to 15%. That's compared to a previous estimate for remodeling activity between flat and a decline of 10% on 2023. Given the importance of spring and summer to Pool's yearly sales, management took down its full-year estimate for earnings per share ( EPS ) from a range of $13.19 to $14.19 to a new range of $11.04 to $11.44. Why Pool Corp.'s sales have disappointed It comes down to a lack of willingness among consumers to spend on big-ticket discretionary items "like swimming pools and outdoor living projects," according to Pool's management. There are two reasons for
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POOL
News
- Pool Corporation Releases 2023 Corporate Responsibility Report [Yahoo! Finance]Yahoo! Finance
- Pool Corporation Releases 2023 Corporate Responsibility ReportGlobeNewswire
- Pool Corporation: Lowered Guidance, Lowered Price Target [Seeking Alpha]Seeking Alpha
- Jim Cramer says investors should stick with Nvidia post decline [CNBC]CNBC
- US Stocks Finish Mixed As Nvidia Rebound Boosts Nasdaq [Barron's]Barrons
POOL
Earnings
- 4/25/24 - Beat
POOL
Sec Filings
- 6/24/24 - Form 8-K
- 6/7/24 - Form 3
- 6/5/24 - Form 8-K
- POOL's page on the SEC website