Pool Corporation (Nasdaq: POOL), Covington, La., a wholesale distributor of swimming pool and related backyard products, reported sales for its fiscal 2023 second quarter were $1.9 billion, down 10% from the prior-year period.
Profit fell to $232.3 million for the quarter, down 24% from the prior-year period.
Sales for the six months ended June 30, 2023, totaled $3.1 billion, down 12% from the prior-year period. Profit for the six months totaled $333.9 million, down 31% from the prior-year period.
“We continued to expand our network during the second quarter, adding two acquired locations and three greenfields, bringing our new greenfield distribution locations to eight this year,” said Peter D. Arvan, president and CEO.