Pool Corp Q4 Adj. EPS Tops View; Guides FY24 Below Estimates

(RTTNews) - Pool Corp. (POOL) on Thursday reported that net income for the fourth quarter declined to $51.44 million or $1.32 per share from $71.86 million or $1.82 per share in the prior-year quarter.

Excluding the impact from ASU 2016-09 in both periods, adjusted earnings for the quarter were $1.30 per share, compared to $1.79 per share for the year-ago quarter.

Net sales for the quarter decreased 8 percent to $1.0 billion from $1.10 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share on revenues of $1.02 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, Pool now projects earnings in a range of $13.10 to $14.10 per share and adjusted earnings in a range of $13.00 to $14.00 per share from the prior outlook range of $13.14 to $14.14 per share. The Street expects earnings of $14.10 per share for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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