$POOL

POOL CORP

CIK:0000945841|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 1,822,938	$ 1,784,530	$ 2,960,952	$ 2,856,056
Cost of sales	1,282,176	1,249,369	2,090,319	2,008,526
Gross profit	540,762	535,161	870,633	847,530
Selling and administrative expenses	273,083	262,491	520,343	497,323
Operating income	267,679	272,670	350,290	350,207
Interest and other non-operating expenses, net	14,273	12,219	26,639	23,381
Income before income taxes and equity in earnings (loss)	253,406	260,451	323,651	326,826
Provision for income taxes	65,345	66,180	82,325	79,064
Equity in earnings (loss) of unconsolidated investments, net	28	(13)	(7)	41
Net income	$ 188,089	$ 194,258	$ 241,319	$ 247,803
Earnings per share attributable to common stockholders:
Basic	$ 5.18	$ 5.19	$ 6.62	$ 6.6
Diluted	$ 5.17	$ 5.17	$ 6.61	$ 6.57
Weighted average common shares outstanding:
Basic	36,085	37,271	36,223	37,365
Diluted	36,132	37,407	36,280	37,520
Cash dividends declared per common share	$ 1.3	$ 1.25	$ 2.55	$ 2.45

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income	$ 241,319	$ 247,803
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	22,654	19,804
Amortization	4,543	4,312
Share-based compensation	17,475	12,950
Equity in loss (earnings) of unconsolidated investments, net	7	(41)
Other	732	(942)
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables	(292,227)	(254,322)
Product inventories	72,454	(29,375)
Prepaid expenses and other assets	25,560	53,440
Accounts payable	(170,516)	315
Accrued expenses and other liabilities	77,251	(55,488)
Net cash used in operating activities	(748)	(1,544)
Investing activities
Purchases of property and equipment, net of sale proceeds	(36,569)	(27,390)
Other investments, net	554	(1,073)
Net cash used in investing activities	(36,015)	(28,463)
Financing activities
Proceeds from revolving line of credit	1,023,500	1,117,100
Payments on revolving line of credit	(1,024,200)	(956,900)
Payments on term loan under credit facility	0	(12,500)
Proceeds from asset-backed financing	308,900	323,200
Payments on asset-backed financing	(167,900)	(177,200)
Payments on term facility	0	(19,937)
Proceeds from short-term borrowings and current portion of long-term debt	6,577	17,112
Payments on short-term borrowings and current portion of long-term debt	(6,163)	(11,699)
Payments of excise tax on repurchases of common stock	(2,974)	0
Proceeds from stock issued under share-based compensation plans	3,874	6,780
Payments of cash dividends	(93,004)	(92,163)
Repurchases of common stock	(86,428)	(160,648)
Net cash (used in) provided by financing activities	(37,818)	33,145
Effect of exchange rate changes on cash and cash equivalents	(1,620)	2,669
Change in cash and cash equivalents	(76,201)	5,807
Cash and cash equivalents at beginning of period	104,963	77,862
Cash and cash equivalents at end of period	$ 28,762	$ 83,669

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 28,762	$ 104,963	$ 83,669
Receivables, net	190,947	136,063	172,028
Receivables pledged under receivables facility	446,914	211,740	404,776
Product inventories, net	1,378,695	1,454,672	1,330,221
Prepaid expenses and other current assets	48,801	62,426	42,281
Total current assets	2,094,119	1,969,864	2,032,975
Property and equipment, net	276,897	267,065	258,188
Goodwill	706,721	707,345	700,476
Other intangible assets, net	279,890	283,882	286,810
Equity interest investments	1,567	1,576	1,494
Operating lease assets	345,894	327,398	315,434
Other assets	55,386	68,996	76,579
Total assets	3,760,474	3,626,126	3,671,956
Current liabilities:
Accounts payable	474,481	652,619	529,316
Accrued expenses and other current liabilities	185,505	109,301	160,833
Short-term borrowings and current portion of long-term debt	13,443	13,029	17,386
Current operating lease liabilities	110,596	105,336	100,439
Total current liabilities	784,025	880,285	807,974
Deferred income taxes	94,644	95,633	79,138
Long-term debt, net	1,327,273	1,186,424	1,212,533
Other long-term liabilities	50,680	48,313	50,177
Non-current operating lease liabilities	243,854	230,242	223,016
Total liabilities	2,500,476	2,440,897	2,372,838
Stockholders' equity:
Common stock, 0.001 par value; 100,000,000 shares authorized; 36,340,877, 37,314,231, and 36,577,686 shares issued and outstanding at June 30, 2026, June 30, 2025 and December 31, 2025, respectively	36	37	37
Additional paid-in capital	692,399	671,050	658,345
Retained earnings	581,824	520,662	642,230
Accumulated other comprehensive loss	(14,261)	(6,520)	(1,494)
Total stockholders’ equity	1,259,998	1,185,229	1,299,118
Total liabilities and stockholders' equity	$ 3,760,474	$ 3,626,126	$ 3,671,956