Pool Corp Q1 Revenue Rises 6%, EPS Beats at $1.45 and Reaffirms Guidance
Pool Corp delivered first-quarter net income of $53.2 million, or $1.45 per share (adjusted $1.43), beating the $1.34 consensus on 6% revenue growth to $1.14 billion. The company reaffirmed full-year EPS guidance of $10.87 to $11.17 and noted margin pressure from seasonal mix.
1. First-Quarter Financial Results
Net sales rose 6% to $1.14 billion in Q1, driven by growth in maintenance and equipment categories and early customer purchases. Net income totaled $53.2 million, or $1.45 per share (adjusted $1.43), surpassing analyst estimates of $1.34 and reflecting robust demand ahead of peak season.
2. Margin and Expense Analysis
Gross margin dipped 20 basis points to 29.0% due to a higher mix of seasonal early-buy sales and product mix shifts. Operating income increased 7% to $82.6 million, while operating expenses grew 5% on new greenfield locations, technology investments and inflationary costs, with expense leverage expected later in the year.
3. Full-Year Guidance and Outlook
Pool Corp reaffirmed its full-year 2026 EPS range of $10.87 to $11.17, including a $0.02 tax benefit. Management highlighted the strength of its 455 sales centers, POOL360 platform adoption and vendor partnerships as key drivers for sustained profitable growth.