Pool Corp. (POOL) Tops Q1 EPS by 6c, Revenues Beat; Lowers FY20 EPS Guidance
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Pool Corporation Provides Business Update and Reports First Quarter Results
April 23, 2020 7:00 AM EDTHighlights
Record net sales for Q1 2020 resulting in both overall and base business sales growth of 13%Q1 2020 diluted EPS of $0.75 compared to $0.80 last year, or excluding tax benefits and non-cash impairments, $0.71 this year compared to $0.59 last yearPOOLCORP sells essential products and has been continuously open in most markets with no major supply chain disruptions anticipatedStrong liquidity with a 1.49 leverage ratio and $552.4 million available under our revolving credit facilityUpdates 2020 earnings guidance to $5.30 - $5.90 per diluted share or $5.45 - $6.05, excluding non-cash impairments,... More