Pool Corp. (Nasdaq: POOL), Covington, Louisiana, a wholesale distributor of swimming pool and related backyard products, reported second-quarter sales of $1.8 billion, up 29.6% from a year ago. Profit increased 64.8% to $259.7 million.
“I am thrilled to announce that we, again, achieved spectacular results this quarter,” said Peter Arvan, president and CEO. “Demand remains high, and paired with our team’s outstanding execution, business thrived. Through our supply chain management discipline and our capacity creation initiatives, we yielded exceptional improvement in both gross margin and operating margin during the quarter. As part of our strategic growth initiatives, we continued to add to our network through new sales center openings and two acquisitions that closed in the second quarter. Our employees remain committed to providing unmatched service to our customers while leveraging our network and executing on our expense management strategies in the latter half of the year.”
Sales for the nine months ended June 30 increased 45.5% year-over-year to a $2.8 billion. Profit grew 90.1% to $358.4 million.
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