COVINGTON, La. (AP) — COVINGTON, La. (AP) — Pool Corp. (POOL) on Thursday reported first-quarter earnings of $53.2 million.
On a per-share basis, the Covington, Louisiana-based company said it had net income of $1.45. Earnings, adjusted for pretax gains, were $1.43 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The distributor of supplies for swimming pools posted revenue of $1.14 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.1 billion.
Pool Corp. expects full-year earnings to be $10.87 to $11.17 per share.
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