Pool Corporation, Covington, LA., a distributor of swimming pools and related backyard products, reported sales for its fiscal 2022 third quarter ended Sept. 30, 2022, were $1.6 billion, up 14% from the prior-year period.
Net profit for the quarter was $190.1 million, up 3% from the prior-year period. Sales for the first nine months were $5.1 billion, up 19% from the prior-year period. While net profit for the first nine months was $676.6, up 25% from the prior-year period.
“Our teams delivered another record-breaking quarter. Our sales activity, lifted by increased pricing, showed stable demand for our products,” said Peter D. Arvan, President and CEO. “We’ve observed increased demand for higher-value products and customizations for new pools and remodeling projects, even though the issuance of new pool permits year-to-date has moderated. Over the long-term, we expect that our vast network and the steady growth in the installed base of pools will sustain the industry-leading position that we have built on over our 27 years as a public company.”