Pool Corporation (NASDAQ: POOL) – Pool Corp stock soars after third quarter, raises EPS outlook for fiscal 21

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  • Pool company (NASDAQ: POOL) reported FY21 third quarter sales growth of 24% year-on-year to $ 1.41 billion, beating analysts’ consensus of $ 1.37 billion. Core business sales increased 19%.
  • Income growth was supported by higher demand for outdoor living products as well as favorable weather conditions.
  • Gross margin increased 34% yoy to $ 441.9 million, while gross margin increased 240 basis points yoy to 31.3%. Core business gross margin increased 250 basis points.
  • Selling and administrative expenses increased 13% year-over-year to $ 204.6 million. Adjusted EBITDA was $ 247.5 million compared to $ 159.31 million last year.
  • Operating profit for the quarter increased 60% to $ 237.3 million. The operating margin increased 380 basis points to 16.8%, while the core business operating margin increased 410 basis points to 17.1%.
  • EPS of $ 4.54 beat analyst consensus of $ 3.85.
  • Cash and cash equivalents totaled $ 83.5 million as at September 30, 2021. Net cash generated from operations during the nine months decreased to $ 359.1 million from $ 388.9 million last year .
  • Outlook: The pool increased EPS for fiscal 21 to $ 14.85 – $ 15.35 (prior view of $ 13.75 – $ 14.25) against the consensus of $ 14.06.
  • Price action: POOL shares are trading up 5.74% to $ 490.45 on the last check Thursday.


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