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Pool (POOL)

Pool Corporation is the world's largest wholesale distributor of swimming pool and related backyard products. POOLCORP operates approximately 375 sales centers in North America, Europe and Australia, through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers.

Company profile

Ticker
POOL
Exchange
CEO
Peter Arvan
Employees
Incorporated
Location
Fiscal year end
Former names
SCP POOL CORP
SEC CIK
Subsidiaries
SCP Distributors LLC • Superior Commerce LLC • Splash Holdings, Inc. • Alliance Trading, Inc. • Superior Pool Products LLC • SCP International, Inc. • Pool Development LLC • Horizon Distributors, Inc. • Poolfx Supply LLC • Pinch A Penny, Inc. ...
IRS number
363943363

POOL stock data

Calendar

28 Jul 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Aug 22 Hart Melanie Housey Common Stock Sell Dispose S No No 384.0133 2,500 960.03K 10,721
12 Aug 22 Hart Melanie Housey Common Stock Option exercise Acquire M No No 45.61 2,500 114.03K 13,221
12 Aug 22 Hart Melanie Housey NQSO Common Stock Option exercise Dispose M No No 45.61 2,500 114.03K 0
27 May 22 Whalen David G Common Stock Acquire L No No 401.51 15 6.02K 6,240
18 May 22 Peter D Arvan Common Stock Buy Acquire P No No 387.085 500 193.54K 61,825
6 May 22 Martha S Gervasi Common Stock Buy Acquire P No No 391.856 300 117.56K 808
97.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 638 687 -7.1%
Opened positions 68 74 -8.1%
Closed positions 117 97 +20.6%
Increased positions 260 248 +4.8%
Reduced positions 218 258 -15.5%
13F shares Current Prev Q Change
Total value 13.51B 15.8B -14.5%
Total shares 38.45M 37.95M +1.3%
Total puts 165.7K 171.1K -3.2%
Total calls 213.3K 276.1K -22.7%
Total put/call ratio 0.8 0.6 +25.4%
Largest owners Shares Value Change
Vanguard 4.47M $1.57B +0.9%
BLK Blackrock 4.31M $1.51B -4.5%
STT State Street 1.54M $541.93M -7.7%
Kayne Anderson Rudnick Investment Management 1.33M $467.21M -0.1%
Select Equity 1.2M $421.3M +24.1%
ATAC Neuberger Berman 1.15M $405.08M -2.3%
Geode Capital Management 854.48K $299.61M +1.2%
IVZ Invesco 751.82K $264.06M -0.6%
Massachusetts Financial Services 667.45K $234.43M +0.3%
FMR 552.09K $193.91M +7.6%
Largest transactions Shares Bought/sold Change
Aaron Wealth Advisors 0 -463.44K EXIT
MS Morgan Stanley 484.67K +358.61K +284.5%
LGEN Legal & General 0 -312.06K EXIT
William Blair Investment Management 304.22K +304.22K NEW
American Century Companies 247.35K +241.81K +4368.0%
Select Equity 1.2M +233.27K +24.1%
BLK Blackrock 4.31M -204.13K -4.5%
J.W. Cole Advisors 0 -152.47K EXIT
Millennium Management 151.13K +139.38K +1186.5%
Parametric Portfolio Associates 0 -138.23K EXIT

Financial report summary

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Risks
  • The demand for our swimming pool, irrigation, landscape and related outdoor living products may be adversely affected by changes in consumer discretionary spending or unfavorable economic conditions.
  • The COVID-19 pandemic, other pandemics or epidemics in the future, and associated responses could adversely impact our business and results of operations.
  • We are susceptible to adverse weather conditions, which could intensify as a result of climate change.
  • Our distribution business is highly dependent on our ability to maintain favorable relationships with suppliers.
  • We depend on a global network of suppliers to source our products, including our own branded products and products we have exclusive distribution rights to. Failure to achieve and maintain a high level of product and service quality and safety could damage our reputation, expose us to litigation and negatively impact our financial performance.
  • We face intense competition both from within our industry and from other leisure product alternatives.
  • More aggressive competition by store- and internet-based mass merchants and large pool or irrigation supply retailers could adversely affect our sales.
  • We depend on our ability to attract, develop and retain highly qualified personnel.
  • Past growth may not be indicative of future growth.
  • We are subject to inventory management risks. Insufficient inventory may result in lost sales opportunities or delayed revenue, while excess inventory may negatively impact our gross margin.
  • We rely on information technology systems to support our business operations. A significant disturbance, breach or cybersecurity attack of our technological infrastructure could adversely affect our financial condition and results of operations.
  • Failure to maintain the security of confidential information could damage our reputation and expose us to litigation. Additionally, changes in data privacy laws and our ability to comply with them could have a material adverse effect on us.
  • The nature of our business subjects us to compliance with employment, environmental, health, transportation, safety and other governmental regulations. Our costs of doing business could increase as a result of changes in, expanded enforcement of, or adoption of new federal, state or local laws and regulations.
  • We store chemicals, fertilizers and other combustible materials that involve fire, safety and casualty risks.
  • Excess tax benefits or deficiencies recognized from our accounting for share-based awards impact our reported earnings.
  • Changes in tax laws and accounting standards related to tax matters have caused, and may in the future cause, fluctuations in our effective tax rate.
  • We cannot assure you we will continue paying dividends at the current rates, or at all.
  • Lapses in our disclosure controls and procedures or internal control over financial reporting could materially and adversely affect us.
Management Discussion
  • We observed unfavorable weather conditions in certain markets throughout the second quarter of 2022. Heavy rainfall and cooler temperatures throughout the northeastern United States and Canada resulted in slower sales activity and limited sales growth in the second quarter of 2022. Additionally, results in Europe continued to be impacted by unfavorable weather conditions. In contrast, our southern markets benefited from above-average temperatures, particularly in Texas. In the second quarter of 2021, overall weather conditions favorably impacted sales growth with the average U.S. temperature in June 2021 being the hottest on record in 127 years.
  • Overall, weather conditions in the first quarter of 2022 were less favorable than weather conditions in the first quarter of 2021. Sales benefited from above-average temperatures along much of the west and the east coast, although Texas experienced cooler-than-normal temperatures. In addition, some seasonal markets had unfavorable weather compared to the first quarter of 2021 when construction activity started earlier than normal. Similarly, results in Europe were hindered by unfavorable weather conditions. In the first quarter of 2021, sales benefited from favorable and generally mild weather conditions throughout the contiguous United States. In February 2021, Texas experienced the most costly winter storm event on record for the United States, which damaged many swimming pools and added to already strong replacement activity.
  • We prepare our Consolidated Financial Statements in accordance with U.S. generally accepted accounting principles (GAAP), which require management to make estimates and assumptions that affect reported amounts and related disclosures. Management identifies critical accounting estimates as:

Content analysis

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Positive
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Constraining
Legalese
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Readability
H.S. sophomore Good
New words: astounding, boosted, cessation, challenged, chemical, confident, cooler, dampened, flat, grow, healthy, Heavy, local, macroeconomic, minimize, poor, rainfall, shifted, slight, slower, thousand, uncertainty, Virginia, volume, wet
Removed: accelerated, audited, modest, slightly, usage