Pool stock soars on earnings beat, guidance boost ahead of swimming pool season

seekingalpha2022-04-21

Pool (NASDAQ:POOL) is up 5% in premarket trading on Thursday after reporting easy beat in Q1 2022 earnings report. Revenue of $1.4B (+32.1% Y/Y) beats by $130M, reflecting strong demand for company's ...

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Smash
2022-05-03
Smash
njce

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Revenue of $1.4B (+32.1% Y/Y) beats by $130M, reflecting strong demand for company's ...</p>\n\n<a href=\"https://seekingalpha.com/news/3825261-pool-stock-soars-on-earnings-beat-guidance-boost-ahead-of-swimming-pool-season\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POOL","symbol_name":"Pool Corporation","start_time":0,"source_url":"https://seekingalpha.com/news/3825261-pool-stock-soars-on-earnings-beat-guidance-boost-ahead-of-swimming-pool-season","article_id":"2229059900","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2229059900","pubTimestamp":1650548437,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Pool (NASDAQ:POOL) is up 5% in premarket trading on Thursday after reporting easy beat in Q1 2022 ea","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"POOL":"Pool Corporation"},"translate_title":"泳池股因收益上涨而飙升，泳池季前指引提振","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POOL":1},"content_text":"Pool (NASDAQ:POOL) is up 5% in premarket trading on Thursday after reporting easy beat in Q1 2022 earnings report. Revenue of $1.4B (+32.1% Y/Y) beats by $130M, reflecting strong demand for company's outdoor living products in addition to elevated price inflation of approximately 10% to 12%.  The swimming pool supplies company told that its first quarter sales also benefited ~5% from both a pull forward of customer early buys and an extra selling day during the quarter.  Base business sales grew 26%. Gross profit increased 49% to a record $447.2M with gross margin expanding 330 bps to 31.7%. Operating income improved 83% to $235.7M. GAAP EPS of $4.41 beats by $1.27. Non-GAAP EPS was $4.23. The company ended the quarter with inventory level of $1.6B, up 68% compared to March 31, 2021. Raised Guidance: FY 22 EPS is now expected to range between $18.34 to $19.09, up from prior guidance range of $17.19 to $17.94. 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