Pool Raises FY19 Earnings Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter, Pool Corp. (POOL) on Thursday raised its earnings guidance for the full-year 2019 as a result of the $0.04 per share additional tax benefit realized from ASU 2016-09 in the first quarter.

For fiscal 2019, the company now projects earnings in a range of $6.09 to $6.39 per share, up from the prior guidance range of $6.05 to $6.35 per share, which included an estimated $0.18 favorable impact from ASU 2016-09.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.23 per share for the year. Analysts' estimates typically exclude special items.

"Looking forward to the second quarter, we're excited about the many opportunities to continue to provide exceptional service to our customers as we head into the heart of the swimming pool season," said Peter Arvan, President and CEO.