Pool Corp. Reports Sales Growth

Pool Corp. today reported results for the second quarter of 2012. Net sales for the quarter ended June 30, 2012 increased 7 percent to $757.2 million, compared to $706.4 million in the second quarter of 2011. Base business sales grew 5 percent on the swimming pool side of the business and 11 percent on the irrigation side of the business, with growth attributed to market share gains, higher consumer discretionary expenditures, the larger installed base of pools and price inflation.

“Overall, second quarter sales and earnings were in line with expectations. We had much stronger comparative results in both April and May as the season peaked earlier than normal in 2012 due to the unusually mild winter, while June results reflected the shift of sales into the first and early second quarter,” said Manuel Perez de la Mesa, President and CEO.

“We are cautious about the outlook for the second half of the year,” he added, “given the early peak of the 2012 season coupled with uncertainty in the economic environment.”

Pool Corp. is the largest wholesale distributor of swimming pool and related backyard products. Currently, the company operates 308 sales centers in North America and Europe, through which it distributes more than 160,000 national brand and private label products to roughly 80,000 wholesale customers.