On this page of StockholderLetter.com we present the 3/28/2024 shareholder letter from POOL CORP — ticker symbol POOL. Reading current and past POOL letters to shareholders can bring important insights into the investment thesis.

 •  3/28/2024 Letter Continued (Full PDF)
 •  3/29/2023 POOL Stockholder Letter
 •  3/27/2025 POOL Stockholder Letter
 •  More "Consumer Goods" Category Stockholder Letters
 •  POOL Benford's Law Stock Score = 87

POOL 3/28/2024 Shareholder/Stockholder Letter Transcript:

O UR NET
T WO
O RK
K S AND LO
O C ATIO
O NS
NORTH AMERICA
E U ROP E
2
10
3
1
1
11
1
2
5
9
9
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79
30
4
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59
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10
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AU S TR AL I A
64
5
1
3
1
NE T WORK
TOTA L SA L ES CENTERS
SCP   
252
SUPERIOR   

HORIZON   

NPT   
21
TOTAL
439
1
1
1
1
TA B L E OF
C O N T E NTS
S
V IS
S IO
ON
S TAT EM
M ENT
Message to Our Shareholders .................................... 1
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|_-| bm1    7; -     ruo7  1|v u;  -   m] |o v  bllbm] roo  v   buub]-   om    
other products that enhance the quality of outdoor home life.
Financial Highlights ...................................................... 2
POOL360  
  !;  o       om bm $;1_   m-0  ;7  bv|ub0     om ............. 3
Employer of Choice ...................................................... 4
 oo    ourou-   om           oul         ........................... 5
"_-u;_o  7;u  m=oul-   om  
 olr-m    L1;uv     bu;1|ouv .... Inside Back Cover
M IS
S S IO
ON
S TAT EM
M ENT
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M E SS
S A G E T O O UR SHA
A R E HO
O L DE
E RS
S
D E A R F E L LOW S H A REH O L D ERS ,
As we close out 2023, we look back on a year of successful
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PETER D. ARVAN
JOHN E. STOKELY
President and
 _b;=    ;1       ;  L1;u
Chairman of the Board of Directors
and Lead Independent Director

F I N A N C IA
A L H I GHLIGH
HTS
NET SALES
GROSS PROFIT
  bm lb    bomv  
  bm lb    bomv  
10% CAGR 2013-2023
$6,500
11% CAGR 2013-2023
$2,200

$6,000
$2,000
$5,500



$1,800
$5,000
$1,600
$4,500
$3,500
$3,000
$2,500
$2,000
$1,400

$4,000






$1,200


$1,000
$800
$600
$1,500


2014
2015




2018
2019
$400
$1,000
$200
$500
2014
2015
2016
2017
2018
OPERATING INCOME
2019
2020
2021
2022
2023
2016
NET INCOME
  bm lb    bomv  
2017
2020
2021
2022
2023
  bm lb    bomv  
16% CAGR 2013-2023
18% CAGR 2013-2023
$1,100
$800


$1,000
$700
$900

$800

$600


$700
$500
$600
$400
$500
$300
$300
$200


$400






$200
$100
$100
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
DILUTED EARNINGS PER SHARE



2014
2015
2016


2017
2018

2019
2020
2021
2022
2023
RETURN ON EQUITY
21% CAGR 2013-2023
$20
120%


$18
100%

$16

$14


80%
$12
$10


$6
$4


2014
2015

2016


60%

$8
$2



40%



20%
2017
2018
2019
2020
2021
CUMULATIVE NET INCOME AND CASH
FLOW FROM OPERATIONS   bm lb    bomv  
2022
2023
2014
2015
SOURCES OF CASH
"bm1; 1olr-m   bm1;r   om
  bm lb    bomv  
2016
2017
2018
2019
2020
2021
2022
2023
USES OF CASH
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  bm lb    bomv  


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2014 2015 2016 2017 2018 2019 2020 2021 2022 2023



   2
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A R E V O L U T I ON IN
P OOL 3 6 0   
Our commitment to leading the industry through tech-enabled
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P OOL3 6 0    P OOLSERVI CE
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P OOL3 6 0    WATERTEST
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WE   VE LAUNC HE D SOFTWARE
SOLUT IO NS THAT A LLOW
CUSTOME RS TO BE TTE R MA NAG E
T H EIR BUSINE SSE S AND IMP ROVE
OVER ALL CONSUME R E XPE RI E NCE .   




Vice President, Strategy and
 ourou-|;  ;  ;  orl;m|
   3   



 3/28/2024 Letter Continued (Full PDF)