The following is a summary of the Pool Corporation (POOL) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Pool Corporation reported Q1 2024 net sales of $1.1 billion, down 7% from the previous year.

• Gross margins came in at 30.2%, a slight decrease from the first quarter of 2023.

• Operating income was reported at $108.7 million for the first quarter of 2024.

• The company saw an operating margin of 9.7%, down from 12.1% in the same quarter of the previous year.

• Pool Corporation has revised its diluted EPS guidance for 2024 from $0.10 to $0.19 due to the ASU benefit.

Business Progress:

• Pool Corporation launched POOL360 service platform, an innovative tool for customers.

• The company made technology investments focusing on improving customer experience and digital ecosystem.

• Three new locations were opened and one was acquired in Q1 2024.

• Focus for the future includes supply chain efficiencies, private label product growth, and pricing optimization.

• Pool Corporation is addressing changes in the competitive landscape following the acquisition of its major competitor.

• The company continues to make strategic acquisitions and diversifying their offerings to include a range of pool types.

• POOLCORP is turning their focus more on aftermarket and maintenance business, leveraging their POOL360 ecosystem for product distribution.

More details: Pool Corp IR

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