Pool (POOL) Q3 FY2023 earnings: revenue $1.5 billion, down 8.7% on the year

Pool Corp. (POOL) reported revenue of $1.5 billion for Q3 FY2023, the quarter ended 30 September 2023, down 8.7% on the same quarter a year earlier. Net income was $138 million, down 27.5% on the year, and diluted earnings per share $3.51. The figures are the company's own, from the 10-Q it filed with the SEC on 26 October 2023.

Revenue$1.5 billiondown 8.7%

Net income$138 milliondown 27.5%

Diluted EPS$3.51

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	1,474	n/a	n/a	n/a
Cost of revenue	1,046	n/a	n/a	n/a
Gross profit	429	n/a	n/a	n/a
Gross margin	29.1%	n/a	n/a
Selling, general and administrative	234	n/a	n/a	n/a
Operating income	194	n/a	n/a	n/a
Operating margin	13.2%	n/a	n/a
Pre-tax income	181	n/a	n/a	n/a
Income tax	43.1	n/a	n/a	n/a
Effective tax rate	23.8%	n/a	n/a
Net income	138	n/a	n/a	n/a
Net margin	9.3%	n/a	n/a
Diluted EPS	$3.51	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	373	n/a	n/a	n/a
Capital expenditure	12.8	n/a	n/a	n/a
Free cash flow	360	n/a	n/a	n/a
Free cash flow margin	24.4%	n/a	n/a
Cash from investing	-12.6	n/a	n/a	n/a
Cash from financing	-328	n/a	n/a	n/a
Share-based compensation	4.6	n/a	n/a	n/a
Buybacks	136	n/a	n/a	n/a
Dividends paid	43.0	n/a	n/a	n/a
Dividend per share	$1.10	n/a	n/a	n/a
Diluted shares, weighted	39m	n/a	n/a	n/a
Shares outstanding at period end	39m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	1,418	n/a	n/a	n/a
Debt	1,034	n/a	n/a	n/a
Operating lease liabilities	214	n/a	n/a	n/a
Other liabilities	764	n/a	n/a	n/a
Total liabilities and equity	3,431	n/a	n/a	n/a
Fixed assets	214	n/a	n/a	n/a
Goodwill	699	n/a	n/a	n/a
Intangible assets	300	n/a	n/a	n/a
Cash and equivalents	85.2	n/a	n/a	n/a
Receivables	141	n/a	n/a	n/a
Inventory	1,259	n/a	n/a	n/a
Other assets	732	n/a	n/a	n/a
Total assets	3,431	n/a	n/a	n/a

Questions

What was Pool's revenue in Q3 FY2023?

Pool (POOL) reported revenue of $1.5 billion for Q3 FY2023, the quarter ended 30 September 2023, down 8.7% on the same quarter a year earlier.

How much did Pool earn in Q3 FY2023?

Net income for Q3 FY2023 was $138 million, down 27.5% on the year, and diluted earnings per share $3.51.

When did Pool report Q3 FY2023 results?

Pool filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 26 October 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,474	1,003	1,121	1,770	1,433	987	1,072	1,785	1,451	982	1,138	1,823
Cost of revenue	1,046	709	782	1,240	1,016	697	759	1,249	1,022	686	808	1,282
Gross profit	429	294	339	530	416	290	312	535	429	296	330	541
Gross margin	29%	29%	30%	30%	29%	29%	29%	30%	30%	30%	29%	30%
SG&A	234	214	230	259	240	230	235	262	251	244	247	273
Operating income	194	79.3	109	271	176	60.6	77.5	273	178	52.0	82.6	268
Operating margin	13%	8%	10%	15%	12%	6%	7%	15%	12%	5%	7%	15%
Pre-tax income	181	67.2	95.3	257	164	50.2	66.4	260	166	40.6	70.2	253
Tax rate	24%	23%	17%	25%	23%	26%	19%	25%	23%	22%	24%	26%
Net income	138	51.4	78.9	192	126	37.3	53.5	194	127	31.6	53.2	188
Net margin	9%	5%	7%	11%	9%	4%	5%	11%	9%	3%	5%	10%
Diluted EPS	$3.51	$1.32	$2.04	$4.99	$3.27	$0.98	$1.42	$5.17	$3.40	$0.85	$1.45	$5.17
Operating cash flow	373	138	145	26.7	317	171	27.2	-28.8	287	80.1	25.7	-26.5
Capital expenditure	12.8	17.1	17.0	17.9	11.0	13.5	13.3	14.1	20.7	8.2	8.6	28.0
Free cash flow	360	121	128	8.8	305	157	13.9	-42.9	267	71.9	17.1	-54.5
Buybacks	136	119	16.3	68.2	74.9	147	56.3	104	3.2	182	64.4	22.0
Dividends paid	43.0	42.5	42.3	46.0	45.9	45.5	45.2	46.9	46.5	46.3	45.8	47.2
Shares outstanding	39m	38m	38m	38m	38m	38m	38m	37m	37m	37m	36m	36m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 26 October 2023, accession 0000945841-23-000135: the filing on EDGAR. All of Pool Corp.'s filings: EDGAR company page.

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