POOL CORP

10-K & 10-Q Filings

Pool Corporation is the world's largest wholesale distributor of swimming pool supplies, equipment, and related leisure products. The company operates in North America, Europe, and Australia through five distribution networks: SCP Distributors, Superior Pool Products, Horizon Distributors, National Pool Tile, and Sun Wholesale Supply. Pool Corporation's mission is to provide exceptional value to customers and suppliers, create exceptional returns for shareholders, and provide exceptional opportunities for employees. The company promotes the growth of the industry, its customers' businesses, and strives to operate more effectively. Pool Corporation offers over 200,000 manufacturer and proprietary brand products, including maintenance products, repair and replacement parts, building materials, pool equipment and components, irrigation and related products, commercial pool products, fiberglass pools and hot tubs, and other pool construction and recreational products. The company serves approximately 125,000 customers, with no single customer accounting for more than 10% of sales. The company's primary markets are California, Texas, Florida, and Arizona, representing approximately 54% of net sales. It generated approximately 95% of sales in North America, 4% in Europe, and 1% in Australia in 2023. Pool Corporation distributes swimming pool supplies, equipment, and related leisure products domestically through its SCP and Superior sales center networks and internationally through its SCP network. It also distributes irrigation, landscape maintenance, and related products through its Horizon network. Pool Corporation's website is www.poolcorp.com, and its ticker symbol is POOL. The company's business strategy includes promoting the growth of the industry, its customers' businesses, and operating more effectively through capacity creation, business-to-business development tools, and technology investments. It plans to continue making strategic acquisitions and opening new sales centers to expand its product offerings and penetrate new markets.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1793.32
1947.50
2072.95
2239.08
2363.14
2570.80
2788.19
2998.10
3199.52
3936.62
5295.58
6179.73
5541.60
1206.77
1120.81
9.86%-7.12%Cost of Revenue (-)
$1261.73
1386.57
1488.42
1603.22
1687.49
1829.72
1982.90
2127.92
2274.59
2805.72
3678.49
4246.31
3881.55
837.02
782.25
9.82%-6.54%Gross Profit (+)
$531.59
567.41
591.28
643.34
675.64
741.09
805.29
870.17
924.92
1130.90
1617.09
1933.41
1660.04
369.75
338.56
9.95%-8.44%Selling, General & Administrative (-)
$406.52
415.59
425.79
454.47
459.42
485.23
520.92
556.28
583.68
659.93
786.81
907.02
913.48
223.98
229.84
6.98%2.61%Non-recurring Operating Expenses (-)
$
6.95
6.94
-2.50
0.60
Operating Expenses (-)
$406.52
422.54
425.79
454.47
459.42
485.23
520.92
556.28
583.68
666.88
784.31
907.63
913.48
223.98
229.84
6.98%2.61%Costs & Expenses (Total) (-)
$1668.25
1809.11
1914.21
2057.69
2146.92
2314.94
2503.82
2684.21
2858.27
3472.60
4462.80
5153.94
4795.03
1061.00
1012.09
9.20%-4.61%Operating Income/Loss (+)
$125.07
144.87
165.49
188.87
216.22
255.86
284.37
313.89
341.25
464.03
832.78
1025.78
746.57
145.77
108.72
16.05%-25.42%Non-operating Income/Expense (+)
$0.21
0.32
0.18
0.20
-7.86
-14.32
-15.05
-20.65
-23.51
-12.06
-8.35
-40.56
-58.25
-15.80
-13.36
15.43%Interest Expense (-)
$7.96
Earnings before Tax (+)
$117.10
138.40
158.74
181.38
208.15
241.38
269.18
292.99
317.47
451.67
824.14
984.87
688.14
129.94
95.30
15.90%-26.66%Tax Expense (-)
$45.32
56.74
61.59
70.56
80.14
92.93
77.98
58.77
56.16
85.23
173.81
236.76
165.08
28.27
16.47
11.37%-41.74%Income/Loss (Continuing Operations) (+)
$71.78
81.66
97.15
110.83
128.01
148.45
191.20
234.22
261.31
366.44
650.33
748.11
523.05
101.66
78.83
18.00%-22.46%Profit/Loss (+)
$
111.03
128.22
148.60
191.34
234.46
261.57
Net Income/Loss (NCI) (-)
$
0.34
-0.05
-0.35
-0.29
Net Income/Loss (+)
$71.99
81.97
97.33
110.69
128.28
148.96
191.63
234.46
261.57
366.74
650.62
748.46
523.23
101.70
78.89
17.97%-22.43%Net Income/Loss (Common) (+)
$71.99
81.97
97.33
110.69
128.28
148.96
191.63
234.46
261.57
366.74
650.62
748.46
523.23
101.70
78.89
17.97%-22.43%EPS (Basic)
$1.49
1.75
2.10
2.50
2.98
3.56
4.69
5.82
6.57
9.14
16.21
18.89
13.45
2.60
2.05
20.12%-21.15%EPS (Diluted)
$1.47
1.71
2.05
2.44
2.90
3.47
4.51
5.62
6.40
8.97
15.97
18.70
13.35
2.58
2.04
20.18%-20.93%Weighted Avg Shares (Basic)
48.16
46.94
46.28
44.28
43.10
41.87
40.84
40.31
39.83
40.11
39.88
39.41
38.70
38.88
38.20
-1.80%-1.73%Weighted Avg Shares (Diluted)
48.99
48.06
47.53
45.44
44.25
42.98
42.45
41.69
40.87
40.87
40.48
39.81
39.00
39.19
38.47
-1.88%-1.84%Cash
$17.49
12.46
8.01
14.83
13.24
21.96
29.94
16.36
28.58
34.13
24.32
45.59
66.54
26.47
67.97
11.78%156.80%Receivables
$110.56
113.86
45.14
51.01
54.17
61.44
76.60
69.49
76.65
122.25
155.26
128.25
145.72
163.05
150.24
2.33%-7.86%Inventory
$386.92
400.31
429.20
466.96
474.27
486.12
536.47
672.58
702.27
780.99
1339.10
1591.06
1365.47
1686.68
1496.95
11.08%-11.25%Prepaid Expenses (Current)
$11.30
11.28
9.80
11.66
11.95
15.32
19.57
18.51
16.17
17.61
29.09
30.89
40.44
27.88
44.52
11.21%59.72%Other Assets (Current)
$11.74
5.19
85.61
92.75
108.11
110.73
119.67
138.31
149.89
166.95
221.31
223.20
197.19
401.12
376.94
26.51%-6.03%Assets (Current)
$538.00
543.10
577.75
637.21
661.74
695.56
782.25
915.24
973.57
1121.93
1769.09
2018.99
1815.36
2305.20
2136.62
10.67%-7.31%Securities & Long-term Investments
$0.98
1.16
1.24
1.24
1.23
1.17
1.13
1.21
1.23
1.29
1.23
1.25
1.30
1.21
1.35
2.42%11.94%Property, Plant & Equipment (Net)
$41.39
46.57
52.33
56.48
69.85
83.29
100.94
106.96
288.93
314.12
420.67
463.32
529.62
475.43
539.02
23.67%13.38%Goodwill & Intangibles
$188.84
181.04
182.17
185.92
184.61
198.12
202.66
200.48
199.63
280.35
1001.18
997.44
998.36
996.99
995.92
14.89%-0.11%Other Assets
$29.41
8.72
10.27
12.09
18.60
15.96
14.09
16.97
19.90
21.99
37.97
84.44
83.43
84.00
85.93
9.08%2.29%Assets (Non-current)
$260.62
237.48
246.01
255.72
274.29
298.54
318.81
325.63
509.70
617.74
1461.05
1546.45
1612.71
1557.63
1622.21
16.40%4.15%Assets (Total)
$798.62
780.58
823.76
892.94
936.03
994.10
1101.06
1240.87
1483.27
1739.67
3230.13
3565.44
3428.07
3862.83
3758.83
12.91%-2.69%Accounts Payable
$230.84
247.97
263.90
290.38
303.14
295.12
310.73
296.44
322.78
410.45
663.57
575.19
643.35
865.84
1007.36
8.92%16.34%Debt (Current)
$
56.33
38.20
36.66
Other Liabilities (Current)
$0.02
0.02
0.01
1.53
1.70
1.10
10.84
9.17
11.74
72.80
80.84
100.53
89.22
111.58
92.16
99.83%-17.40%Liabilities (Current)
$230.86
248.00
263.91
291.91
304.85
296.22
321.57
305.61
390.85
483.25
744.42
675.71
770.77
977.42
1136.18
10.57%16.24%Debt (Non-current)
$247.30
230.88
246.42
319.31
328.01
436.94
508.81
657.59
621.67
404.15
1171.58
1361.76
1015.12
1332.67
942.52
12.49%-29.28%Other Liabilities
$40.72
20.07
27.25
34.25
44.76
53.44
47.53
54.08
60.57
212.80
242.74
292.77
329.40
295.99
334.44
19.03%12.99%Liabilities (Non-current)
$288.02
250.96
273.67
353.56
372.78
490.38
556.35
711.67
682.24
616.95
1414.32
1654.53
1344.51
1628.66
1276.96
13.70%-21.59%Liabilities (Total)
$518.88
498.95
537.58
645.47
677.62
786.60
877.92
1017.28
1073.09
1100.20
2158.74
2330.24
2115.28
2606.08
2413.14
12.42%-7.40%Treasury Stock
$
Retained Earnings
$34.30
5.38
-27.28
-90.65
-104.71
-183.91
-196.32
-218.65
-64.74
133.87
526.87
653.48
699.99
665.56
720.23
28.57%8.21%AOCI
$2.22
-0.13
2.91
-3.66
-13.73
-14.08
-7.33
-11.00
-10.36
-14.02
-7.48
5.89
6.58
4.55
5.14
9.48%12.84%Shareholder's Equity
$279.75
281.62
286.18
244.35
255.74
205.21
223.15
223.59
410.18
639.47
1071.39
1235.19
1312.79
1256.75
1345.68
13.75%7.08%Liabilities & Equity
$798.62
780.58
823.76
892.94
936.03
994.10
1101.06
1240.87
1483.27
1739.67
3230.13
3565.44
3428.07
3862.83
3758.83
12.91%-2.69%Net Income/Loss
$71.99
81.97
97.33
111.03
128.22
148.60
191.34
234.46
261.57
366.74
650.62
748.46
523.23
101.70
78.89
17.97%-22.43%Depreciation & Amortization
$11.30
12.88
14.60
15.88
17.39
21.98
25.73
27.91
29.27
29.40
30.03
39.02
40.14
9.77
10.75
11.14%10.05%Increase/Decrease in Working Capital
$-68.66
-13.53
9.27
7.87
2.60
12.37
54.58
161.18
10.46
23.61
387.69
327.21
-301.71
15.88
-51.39
-423.57%Share-based Compensation
$8.23
8.46
8.15
9.06
9.54
9.90
12.48
12.87
13.47
14.52
15.19
14.88
19.58
4.92
5.33
7.49%8.23%Adjustments to Reconcile Net Income
$3.11
37.11
7.76
10.79
17.83
16.77
-16.03
-115.80
37.20
30.84
-337.13
-263.61
365.00
1.50
66.56
48.75%4325.33%Net Cash (Operating)
$75.10
119.08
105.09
121.81
146.05
165.38
175.31
118.66
298.78
397.58
313.49
484.85
888.23
103.20
145.44
22.86%40.93%Capital Expenditure
$-25.39
20.97
19.99
27.98
33.58
54.08
52.22
34.16
42.26
146.29
849.61
52.88
71.63
17.33
18.39
6.09%Net Cash (Investing)
$-25.58
-21.21
-19.86
-27.81
-37.79
-55.64
-52.22
-34.16
-42.26
-146.29
-849.61
-50.87
-71.60
-17.56
-18.95
-7.93%Increase/Decrease in Debt
$1450.10
83.58
15.54
76.50
8.71
110.03
72.39
148.19
-157.96
-95.90
769.65
202.04
-334.16
-23.03
-74.30
-222.62%Increase/Decrease in Equity
$91.32
-61.56
-75.81
-123.33
-81.27
-166.73
-135.64
-174.01
-5.02
-56.39
-123.48
-462.46
-295.96
-44.65
-7.53
83.13%Dividends Paid
$-26.47
29.14
33.81
37.60
43.12
49.75
58.03
69.43
83.77
91.93
119.58
150.62
167.46
39.07
42.33
8.35%Net Cash (Financing)
$-40.55
-102.64
-89.48
-81.98
-107.80
-99.67
-114.45
-97.57
-244.49
-244.37
526.13
-411.66
-798.13
-105.52
-124.16
-17.67%Effect of Exchange Rate
$-1.21
-0.25
-0.20
-5.20
-2.05
-1.34
-0.66
-0.51
0.20
-1.38
0.19
-1.06
2.45
0.75
-0.89
-218.57%Increase/Decrease in Cash
$7.77
-5.02
-4.46
6.82
-1.59
8.72
7.98
-13.58
12.22
5.54
-9.81
21.27
20.95
-19.12
1.43
8.62%107.50%Cash (Beginning)
$9.72
17.49
12.46
8.01
14.83
13.24
21.96
29.94
16.36
28.58
34.13
24.32
45.59
45.59
66.54
13.74%45.95%Cash (Ending)
$17.49
12.46
8.01
14.83
13.24
21.96
29.94
16.36
28.58
34.13
24.32
45.59
66.54
26.47
67.97
11.78%156.80%NOPAT
$76.67
85.47
101.28
115.40
132.98
157.35
201.99
250.92
280.88
376.46
657.15
779.19
567.47
114.05
89.93
18.15%-21.15%Gross Margin %
29.64%
29.14%
28.52%
28.73%
28.59%
28.83%
28.88%
29.02%
28.91%
28.73%
30.54%
31.29%
29.96%
30.64%
30.21%
Operating Margin %
6.97%
7.44%
7.98%
8.44%
9.15%
9.95%
10.20%
10.47%
10.67%
11.79%
15.73%
16.60%
13.47%
12.08%
9.70%
NOPAT Margin %
4.28%
4.39%
4.89%
5.15%
5.63%
6.12%
7.24%
8.37%
8.78%
9.56%
12.41%
12.61%
10.24%
9.45%
8.02%
Net Margin %
4.01%
4.21%
4.70%
4.94%
5.43%
5.79%
6.87%
7.82%
8.18%
9.32%
12.29%
12.11%
9.44%
8.43%
7.04%
Tax Rate %
38.70%
41.00%
38.80%
38.90%
38.50%
38.50%
28.97%
20.06%
17.69%
18.87%
21.09%
24.04%
23.99%
21.76%
17.29%
ROA
9.60%
10.95%
12.29%
12.92%
14.21%
15.83%
18.34%
20.22%
18.94%
21.64%
20.34%
21.85%
16.55%
2.95%
2.39%
ROE
27.41%
30.35%
35.39%
47.23%
52.00%
76.68%
90.52%
112.22%
68.48%
58.87%
61.34%
63.08%
43.23%
9.08%
6.68%
ROIC
14.58%
16.52%
21.89%
23.28%
26.38%
27.58%
31.07%
32.03%
28.56%
34.14%
29.01%
29.61%
23.08%
4.65%
4.01%
Asset Turnover
2.25
2.49
2.52
2.51
2.52
2.59
2.53
2.42
2.16
2.26
1.64
1.73
1.62
0.31
0.30
Inventory Turnover
3.26
3.46
3.47
3.43
3.56
3.76
3.70
3.16
3.24
3.59
2.75
2.67
2.84
0.50
0.52
Equity Multiplier
2.85
2.77
2.88
3.65
3.66
4.84
4.93
5.55
3.62
2.72
3.01
2.89
2.61
3.07
2.79
Current Ratio
2.33
2.19
2.19
2.18
2.17
2.35
2.43
2.99
2.49
2.32
2.38
2.99
2.36
2.36
1.88
Quick Ratio
0.55
0.51
0.20
0.23
0.22
0.28
0.33
0.28
0.27
0.32
0.24
0.26
0.28
0.19
0.19
Debt/Equity Ratio
0.88
0.82
0.86
1.31
1.28
2.13
2.28
2.94
1.65
0.63
1.09
1.10
0.80
1.06
0.73
Working Capital/Sales
0.16
0.15
0.11
0.11
0.11
0.11
0.12
0.16
0.15
0.13
0.16
0.19
0.17
0.81
0.63
Dividend Payout Ratio %
-34.53%
34.09%
33.38%
32.58%
32.42%
31.62%
28.73%
27.67%
29.82%
24.42%
18.20%
19.33%
29.51%
34.26%
47.08%
Total Payout
$-1567.89
7.11
94.09
84.43
115.68
106.45
121.28
95.24
246.75
244.21
-526.59
411.05
797.58
106.75
124.16
16.31%Payout Ratio %
-2045.10%
8.32%
92.90%
73.17%
86.99%
67.65%
60.04%
37.96%
87.85%
64.87%
-80.13%
52.75%
140.55%
93.60%
138.07%