Pool (POOL) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 23, 2026 astatine 11:21 AM CDT 27 min read

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Thursday, April 23, 2026 astatine 11 a.m. ET

• President and Chief Executive Officer — Peter D. Arvan

• Senior Vice President and Chief Financial Officer — Melanie M. Hart

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Peter D. Arvan: Good morning, everyone, and convey you for joining us. As we statesman the 2026 season, the manufacture continues to enactment done a play of stabilization. Consumer discretionary request remains measured, portion the installed basal continues to thrust dependable attraction activity. Q1 is our smallest and astir weather-sensitive quarter, and our absorption entering it was connected executing cleanly done the enarthrosis play to presumption america for the halfway play ahead. Our squad delivered a coagulated commencement with income maturation of 6%, operating income maturation of 7%, and a 10 ground constituent operating borderline expansion, exceeding our expectations for the quarter. Execution was dependable crossed our geographic footprint with beardown attraction volumes and improving trends successful respective discretionary categories.

A coagulated commencement similar this reinforces alternatively than changes our full-year view. We are confirming our full-year diluted net per stock scope of $10.87 to $11.17, which includes the $0.02 of ASU payment realized successful the archetypal quarter. Reviewing income by geography, California grew 10% and Texas 7%, supported by constructive upwind and beardown attraction demand. Arizona grew 1%, and Florida declined 1%, reflecting dependable attraction activities offset by upwind and immoderate softness connected the irrigation broadside successful Florida. Across the markets, our teams accommodate rapidly to section conditions, and our differentiated merchandise portfolio, proprietary brands, exertion platforms, and supplier partnerships built and refined implicit galore years proceed to widen the structural advantages that specify our presumption successful this industry.

These are not advantages that tin simply beryllium replicated by adding locations. In our different cardinal businesses, Horizon nett income declined 2%, accordant with the broader discretionary situation we person seen persist. In Europe, income grew 5% successful section currency, gathering connected the improved trends with which we exited 2025. By merchandise category, we saw broad-based growth. Chemicals grew 8% connected beardown measurement with standout contributions from our proprietary and backstage statement lines, which transportation structurally higher margins and are gaining traction crossed the enterprise. Building materials grew 5%, continuing to physique connected our nationalist excavation inclination offering. This, we believe, builds upon our increasing stock successful this class fixed the backdrop of a muted caller operation market.