Pool Corp (POOL) released its first quarter results on Friday, April 23, 2021. The company reported net earnings of $2.42 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 221 percent compared to the same period a year ago.
Pool Corporation was founded in 1993 and is headquartered in Covington, Louisiana. Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; fiberglass pools, and spas and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
Pool's revenue increased 32 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 29.07% for the first quarter compared to the same period in the previous year, and operating margins increased to 12.16% over the same period. Net earnings for past trailing twelve months were $434.48 million, up 67% from the prior year.
Moving on to the balance sheet, Pool’s cash levels jumped 52% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 5.23% this past year. The current ratio for Pool now stands at 1.8. The company increased shares outstanding by 0.39%.
Shares of POOL are currently trading around $419.53. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 39.38 and price to book ratio of 26.05.