Firm Pool Corporation has seen several ups and downs in recent times. The global company, listed under NASDAQ:POOL, had a change in consensus from brokerages, recommending a 'hold' for the company's stock. The firm increased its dividend to $1.20, which was higher than the preceding year. Achieving $79M in earnings and $1B in net sales for its first quarter, the organization has also decided to increase its share buyback program, and also raise its dividend.
Mixed Q1 results were observed, and going into Q4, the earnings missed estimates while the revenue fell short. In Q3, mild weather conditions were labeled as the reason behind the decline of sales. Questionable Q1 2024 earnings call transcript was also published, and missed estimates were documented. Financial speculations still question whether it is time to put the organization on the watchlist due to a slight stumble in 2024 outlook. Nonetheless, the firm continues to initiate strategically beneficial actions like the acquisition of Shoreline to expand its portfolio and reach.
Pool Corporation POOL News Analytics from Thu, 11 Nov 2021 08:00:00 GMT to Fri, 10 May 2024 07:35:42 GMT - Rating 4 - Innovation 1
