Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter. The investing legend's company made big cuts to its huge Apple and Bank of America positions.
Berkshire Hathaway initiated these new positions during the third quarter even as it cut back its holdings of big names like Apple and Bank of America.
POOL's performance in the third quarter of 2024 benefits from steady demand in the maintenance segment, while the more discretionary areas continued to face challenges.
Pool Corporation (NASDAQ:POOL ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Melanie Hart - Vice President, Chief Financial Officer, and Treasurer Peter Arvan - President and Chief Executive Officer Conference Call Participants Scott Schneeberger – Oppenheimer Ryan Merkel - William Blair Susan Maklari - Goldman Sachs David Manthey – Baird David MacGregor - Longbow Research Chirag Patel - Jefferies Andrew Carter - Stifel Trey Grooms – Stephens Garik Shmois - Loop Capital Sam Reid - Wells Fargo Sean Keenan - Bank of America Operator Good morning, everyone and welcome to the Pool Corporation Third Quarter 2024 Conference Call. All participants will be in a listen-only mode.
Pool Corp. (POOL) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $3.50 per share a year ago.
POOL's third-quarter 2024 results are likely to be hurt by lower sales volume courtesy of reduced pool construction and deferred discretionary replacement activities.
Investors need to pay close attention to POOL stock based on the movements in the options market lately.
POOL's focus on expanding its digital ecosystem and network expansion bodes well for future growth. However, a slowdown in discretionary spending is a concern.
Even with the outlook for interest rates to fall, this pool maker is seeing estimates drop as well.
Pool Corp.'s sales weren't quite as bad as management previously feared they would be. Management observed improvement in sales trends in late June, which continued into July.
Pool Corp's (POOL) second-quarter performance is negatively impacted by lower consumer spending on discretionary items and dismal building materials product sales.
Pool Corporation (NASDAQ:POOL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Melanie Hart - Vice President, Chief Financial Officer & Treasurer Peter Arvan - President & Chief Executive Officer Conference Call Participants Susan Maklari - Goldman Sachs David Manthey - Baird Scott Schneeberger - Oppenheimer David MacGregor - Longbow Research Steve Volkmann - Jefferies Trey Grooms - Stephens Garik Shmois - Loop Capital Sam Reid - Wells Fargo Operator Good day, and welcome to the Pool Corporation Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.