Q1 2026 Pool Corp Earnings Call Transcript
Key Points
- Pool Corp (POOL) reported a solid start to 2026 with a 6% increase in sales and a 7% growth in operating income, exceeding expectations.
- The company confirmed its full-year diluted earnings per share range of $10.87 to $11.17, indicating confidence in its financial outlook.
- Sales in California and Texas grew by 10% and 7% respectively, driven by favorable weather and strong maintenance demand.
- Pool360, the company's digital platform, increased to 13% of net sales in the first quarter, up from 12.5% a year ago, showing progress in digital engagement.
- The company is focusing on leveraging existing investments rather than expanding, which is expected to moderate expense growth and improve operational efficiency.
- Florida experienced a 1% decline in sales, attributed to weather conditions and softness in the irrigation sector.
- Horizon net sales declined by 2%, reflecting the broader discretionary environment challenges.
- Gross margin decreased by 20 basis points compared to the prior year, influenced by product mix and increased early buy activity.
- Operating expenses increased by 5% due to new greenfield locations, technology costs, and inflationary pressures.
- Interest expense rose to $12 million, driven by incremental borrowings associated with share repurchase activity.
Good day, and welcome to the Pool Corp. first quarter 2026 conference call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Melanie Hart, Senior Vice President and Chief Financial Officer. Please go ahead.
Welcome to our first quarter 2026 earnings conference call. During today's call, our discussion, comments and responses to questions may include forward-looking statements, including management's outlook for 2026 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ from projected results are discussed in our 10-K.
In addition, we may make references to non-GAAP financial measures in our comments. A description and reconciliation of any non-GAAP financial measures included in our press release will be posted to our corporate website in the Investor Relations section.
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