Pool Corp. (POOL) Tops Q1 EPS by $1.17, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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Pool Corporation Reports Record First Quarter Results and Increases 2021 Earnings Guidance
April 22, 2021 7:00 AM EDTHighlights
Record net sales for Q1 2021 with overall growth of 57% and 51% growth in base businessRecord Q1 2021 operating income of $129.0 million, up 263% from Q1 2020 with a 690 basis point improvement in operating marginQ1 2021 diluted EPS increase of 223% to a record $2.42, or an increase of 227% to $2.32, excluding tax benefits in both periods and non-cash impairments recorded in Q1 2020Net cash provided by operations of $77.1 million, an increase of $57.4 million from the first three months of 20202021 earnings guidance increased to $11.85 - $12.60 per diluted share from... More