Pool Corp. Rides Record Sales, Profit Into 2015
COVINGTON, LA (AP) — Covington-based Pool Corp. lowered its fourth-quarter loss to $2.2 million, or 5 cents per share, from $5 million, or 11 cents per share a year, a year earlier.
For the year, the wholesale pool and backyard products giant earned a record profit of $110.7 million, or $2.44 per share. In 2013, the company earned $97.3 million, $2.05 per share. Pool also set a sales record in 2014, $2.25 billion, an increase of 8 percent over 2013.
The Advocate reports the results for both the quarter and the year beat Wall Street forecasts. Analysts surveyed by Zacks Investment Research expected a loss of 7 cents per share for the quarter and earnings of $2.41 per share for the year.
The fourth quarter is typically a slower time for pool and pool-related product sales.