Pool Corp.: 4Q Earnings Snapshot
COVINGTON, La. (AP) _ Pool Corp. (POOL) on Thursday reported fourth-quarter net income of $16.8 million.
On a per-share basis, the Covington, Louisiana-based company said it had net income of 41 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The distributor of supplies for swimming pools posted revenue of $543.1 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $556.2 million.
For the year, the company reported profit of $234.5 million, or $5.62 per share. Revenue was reported as $3 billion.
Pool Corp. expects full-year earnings to be $6.05 to $6.35 per share.
Pool Corp. shares have climbed 6 percent since the beginning of the year. The stock has climbed 21 percent in the last 12 months.