Pool Corp. (POOL) Misses Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus

Pool Corp. (NASDAQ: POOL) reported Q4 EPS of $0.41, $0.03 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $543.08 million versus the consensus estimate of $551.34 million.

• Record annual sales of $3.0 billion for 2018, up 8% from 2017
• 2018 operating margin of 10.5%, up 30 bps from 2017
• Record 2018 diluted EPS of $5.62, an increase of 25% over 2017 including a $0.36 ASU tax benefit
• 2019 diluted EPS guidance range of $6.05 to $6.35 including an estimated $0.18 ASU tax benefit

“We delivered solid results in 2018. Despite a later than normal start to the season, and an earlier end, we produced sales growth of 8% in 2018 on top of sales growth of 8% in 2017. Our focus on organic growth, process discipline and value creation allowed us to convert this top line growth into operating income growth of 10% over last year,” commented Peter D. Arvan, President and CEO.

GUIDANCE:

Pool Corp. sees FY2019 EPS of $6.05-$6.35, versus the consensus of $6.21.

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

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