Pool Corporation (NASDAQ/GSM:POOL), Covington, La., distributor of swimming pool supplies, reported sales for its fiscal 2022 second quarter ending June 30, 2022, were $2.1 billion, up 15% from the prior-year period.
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Net income for the quarter was $307.3 million, up 18%.
“Our results in the quarter, while challenged by unfavorable weather in certain markets, reflect the positive impact of the growth in installed base of pools, robust demand and heightened customer interest in enhanced pool customizations,” said Peter D. Arvan, President and CEO. “This accomplishment is even more impressive after considering our strong performance in the second quarter of 2021 when we achieved net sales of $1.8 billion and 40% growth. We expect continued growth in the second half of the year, on top of the substantial growth that we experienced last year.”
Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.