Pool corporation provides swimming pool season update and revises 2024 guidance

Highlights non-discretionary and recurring pool maintenance and repair demand is solid with company execution on track for continued organic share expansion; discretionary pool spending, however, continues to be hampered by the macroeconomic environment seasonally significant q2 2024 revenues are below previous expectations driven by lower new pool construction and remodel activity ytd net sales, although sequentially better than q1 2024, are trending down around 6.5%; full year 2024 net sales are now expected to be in a similar range annual earnings guidance range lowered to $11.04 to $11.44 per diluted share from previous range of $13.19 to $14.19 covington, la., june 24, 2024 (globe newswire) -- pool corporation (nasdaq/gsm:pool) today provided an update on the swimming pool season and revised its 2024 earnings guidance.
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