Overview

• US pool supplies distributor's Q2 revenue rose 2%

• Adjusted EPS for Q2 increased 4%, beating analyst expectations

• Company cites steady maintenance demand and improved building materials sales amid muted discretionary market

Outlook

• Pool confirms 2026 diluted EPS guidance of $10.66 to $10.96

• Company maintains prior 2026 adjusted EPS guidance of $10.87 to $11.17

• Pool says its distribution network and supplier relationships position it well for the rest of 2026

Result Drivers

• MAINTENANCE DEMAND - Company said steady maintenance activity from its installed base supported Q2 sales

• BUILDING MATERIALS - Improved building materials sales contributed to sales growth, despite muted discretionary spending

• GROSS MARGIN PRESSURE - Gross margin declined due to elevated inbound freight costs and changes in customer mix, partially offset by supply chain initiatives

Company press release: ID:nGNX8R1WV1

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Meet	$1.82 bln	$1.82 bln (14 Analysts)
Q2 Adjusted EPS	Beat	$5.38	$5.32 (13 Analysts)
Q2 EPS		$5.17

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the recreational products peer group is "buy."

• Wall Street's median 12-month price target for Pool Corp is $250.00, about 27.4% above its July 22 closing price of $196.19

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads

• July 23 - MarineMax Q3 revenue, adjusted EPS miss estimates

• July 21 - Genuine Parts cuts full-year profit forecast on inflation, weaker consumer spending

• July 22 - RPM International Q4 sales, adjusted EPS beat estimates

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