Pool Corp. (POOL) Reports In-Line Q1 EPS Ex-Gain; Guides Above Views

Pool Corp. (NASDAQ: POOL) reported Q1 EPS of $0.40, a $0.12 favorable impact from new accounting pronouncement, in-line with the analyst estimate of $0.40. Revenue for the quarter came in at $546.4 million versus the consensus estimate of $522.76 million.

"Building on strong momentum from 2016, we are pleased with our solid start to 2017. As always, we are focused on enhancing execution, with our first quarter success being primarily attributable to delivering on our continuous improvements. It should be noted that we had an extremely challenging comparison, given the very mild weather in the first quarter of 2016, yet we were still able to realize record sales and operating profit," said Manuel Perez de la Mesa, President and CEO.

GUIDANCE:

Pool Corp. sees FY2017 EPS of $4.12-$4.32, versus the consensus of $4.11.

For earnings history and earnings-related data on Pool Corp. (POOL) click here.

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