Pool Corp. Q2 Profit Rises; Lifts FY EPS View - Quick Facts

(RTTNews) - Pool Corp. (POOL) reported that its net income attributable to the company for the second-quarter rose to $117.0 million from $94.9 million in the second quarter of 2017. Earnings per share increased 27% to $2.80 from $2.21 per share for the same period in 2017.

Net sales increased 7% to a record $1.06 billion in the second quarter of 2018 compared to $988.2 million in the second quarter of 2017. Base business sales grew 6% over the same quarter of last year, with discretionary products such as building materials and equipment leading sales growth. The impact of a weaker U.S. dollar on sales outside the U.S., primarily Europe, compared to the same period last year also favorably impacted our sales growth by approximately 1%.

Analysts polled by Thomson Reuters expected the company to report earnings of $2.88 per share and revenues of $1.06 billion.

The company updated 2018 earnings guidance to a range of $5.50 - $5.70 per share from the previous range of $5.45 - $5.70. Analysts expect annual earnings of $5.56 per share.