Pool Lifts Full Year Earnings View After Q3 EPS Tops Estimates

(RTTNews) - Pool Corp. (POOL), a wholesale distributor of swimming pool and related backyard products, Thursday reported increased profit for the third quarter, aided by higher sales as weather improved. Further, the company raised its earnings outlook for the year.

Attributable net income advanced to $39.45 million from $34.84 million last year. Earnings per share grew to $0.90 from $0.78.

On average, nine analysts polled by Thomson Reuters expected earnings of $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales grew to $645.78 million from $615.54 million in the prior year. Analysts expected revenues of $651.25 million.

According to the company, its sales rebounded in the quarter to more normalized levels, as weather improved in markets that had experienced poor conditions through June.

Further, the company raised its 2015 earnings guidance range to $2.80 - $2.85 per share from the most recent guidance of $2.72 to $2.82 per share. Analysts look for earnings of $2.79 per share.