Why Swimming Pool Supplies Provider Pool Corp Shares Are Diving Today
Why Swimming Pool Supplies Provider Pool Corp Shares Are Diving Today
Given the seasonal nature of business, Pool anticipates that the lower sales levels will have a more pronounced impact on its second-quarter FY24 results, with EPS projected to be $4.85-$4.95 vs. consensus of $5.85.Pool Corporation (NASDAQ:POOL) shares are tumbling today after the company after the company cut its FY24 EPS guidance.
納斯達克上市公司Pool Corporation (NASDAQ:POOL)股價在公司下調財年24每股收益預期後今日出現大跌。
Yesterday, the company cut its EPS outlook to $11.04 – $11.44 (from $13.19 – $14.19) vs. estimate of $13.15.
昨天，該公司將其每股收益展望從13.19-14.19美元下調至11.04-11.44美元，遠低於預估值13.15美元。
Moreover, Pool projects new pool units to decline by 15% to 20% in 2024, and remodeling activity to decrease by up to 15%, vs prior guidance of flat to down 10% from 2023.
此外，Pool預計新泳池銷售單位將在2024年下降15%-20%，翻新業務量將下降15%，而上次的指引是從2023年開始，平坦或下降10%。
Given the seasonal nature of business, Pool anticipates that the lower sales levels will have a more pronounced impact on its second-quarter FY24 results, with EPS projected to be $4.85-$4.95 vs. consensus of $5.85.
由於業務具有季節性，Pool預計銷售水平下降將更明顯地影響其2024財年第二季度業績，每股收益預計爲4.85-4.95美元，而普遍共識爲5.85美元。
Pool also issued a warning that discretionary pool spending is to be hampered by the macroeconomic environment.
Pool還警告稱，在宏觀經濟環境的阻礙下，人們對泳池的自由支出將受到限制。
Year-to-date, the company's sales are down about 6.5% Y/Y, with discretionary components, affected by cautious consumer spending on big-ticket items like pools and outdoor projects, saw an 11% decline in building materials sales.
截至目前，該公司的銷售額同比下降約6.5%，其中，受消費者謹慎對待如泳池和戶外項目這樣的大額購物項目的影響，元件的自發性銷售下降了11%。
Peter D. Arvan, president and CEO, stated, "Despite the recent trends dampening discretionary spending, we continue to believe that the desire for swimming pools and outdoor living projects remains strong, which allows our industry to grow over time as new pools are added to the installed base every year."
公司總裁兼首席執行官Peter D. Arvan表示：“儘管最近的趨勢抑制了自發性支出，但我們仍然認爲人們對游泳池和戶外生活項目的需求依然強烈，這將使得我們的行業隨着每年新增的泳池在已安裝基礎上增長。”
Pool is scheduled to release its second quarter 2024 earnings results before the market opens on July 25, 2024.
Pool定於2024年7月25日市場開盤前發佈其2024年第二季度業績報告。
Last month, the company's Board of Directors authorized an increase in the share repurchase program to $600 million. As of May 1, 2024, this authorization adds $316.2 million to the $283.8 million remaining under the existing share repurchase program.
上個月，該公司的董事會授權將股票回購計劃增加至6億美元。截至2024年5月1日，該授權爲現有股票回購計劃的283.8億美元再新增了3.162億美元。
The company also announced recently that the Board has declared a quarterly cash dividend of $1.20 per share, marking a 9% increase from the previous quarterly dividend of $1.10 per share.
該公司還最近宣佈董事會宣佈每股季度現金股息爲1.2美元，比前一季度的每股股息1.1美元增加9%。
Price Action: POOL shares are down 6.42% at $316.21 at the last check Tuesday.
股票價格：截至上週二最後一個交易日，POOL股票價格跌6.42%，爲316.21美元。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
