Pool (POOL) Q3 2024 Earnings Call Transcript
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Thursday, October 24, 2024 at 11 a.m. ET
Pool Corporation (NASDAQ:POOL) reported a 3% sales decline in the third quarter of 2024, with steady maintenance growth and increased adoption of its POOL360 ecosystem partially offsetting ongoing discretionary weakness. Regional divergence was evident as Florida sales turned positive and Arizona stabilized, while Texas and California remained challenged and Europe improved sequentially. Private label chemical growth, increased vendor incentives, and technology investments supported gross margin stability despite a difficult mix. Management reiterated full-year EPS and margin guidance and completed its planned inventory drawdown and debt reduction. The company emphasized that its proprietary digital tools and extensive distribution network are expected to support ongoing share gains as market conditions normalize.
Source Fool.com