Pool Corp's Q4 Earnings Smashes Estimates

Pool Corp POOL reported fourth-quarter FY21 sales growth of 23% year-on-year, to $1.04 billion, beating the analyst consensus of $958.64 million.
Revenue growth was supported by households continuing to invest in outdoor living spaces, contributing to the demand. Sales were also favorably impacted from inflation.
EPS of $2.65 increased 83% from $1.45 last year. Without the impact from ASU 2016-09 in both periods, EPS increased 77% to $2.30. Analysts estimated the company to report EPS of $1.87.
Gross profit increased 34.8% Y/Y to $322.4 million, while gross margin rose 260 basis points Y/Y to 31.1%.
Selling and administrative expenses rose 18.7% Y/Y to $195.6 million.
The operating margin expanded 340 basis points to 12.3%, and the operating income for the quarter rose 72% to $127.8 million.
Cash and equivalents totaled $24.3 million as of December 31, 2021.
Outlook: Pool sees FY22 EPS $17.19 - $17.94, and adjusted EPS of $17.00 - $17.75, against the consensus of $16.89.
Price Action: POOL shares are trading lower by 0.65% at $457.18 on the last check Thursday.

Momentum26.90

Growth21.49

Quality28.59

Value9.27

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