Pool Corporation (Nasdaq/GSM: POOL), Covington, La., reported record sales for the first quarter of 2022. Sales increased 33% in the first quarter of 2022 to $1.4 billion, up 57% from the prior-year period. Base business sales grew 26%, and gross profit increased 49% to $447.2 million.
Profit for the first quarter was $179.3 million, up 82%.
“Healthy contractor backlogs and robust demand for outdoor living products continued to drive net sales growth, and our focus on capacity creation and operating efficiency generated solid operating margin improvement and outstanding bottom-line results,” Pool Corporation President and CEO Peter D. Arvan said.