Pool Corp's (POOL) Q4 Earnings and Revenues Beat Estimates

Zacks Equity Research Published on February 14, 2020

Pool Corporation (POOL - Free Report) reported better-than-expected fourth-quarter 2019 results. The bottom line beat the Zacks Consensus Estimate for the third consecutive quarter and the top line topped the same for the second straight quarter.

Adjusted earnings of 44 cents per share in the quarter topped the Zacks Consensus Estimate of 35 cents and increased 7.3% from the year-ago quarter’s tally. Quarterly net revenues totaled $582.2 million, which surpassed the consensus mark of $572.7 million and increased 7.2% year over year.

Revenue growth can be primarily attributed to robust performance of the company’s Base business, primarily driven by continuous expansion in commercial and building material products along with healthy demand for construction materials and products used in the remodel and replacement of in-ground pools.

Pool Corporation Price, Consensus and EPS Surprise

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