POOL - Pool Corporation (POOL) Q1 2024 Earnings Call Transcript
2024-04-25 17:23:09 ET
Pool Corporation (POOL)
Q1 2024 Earnings Conference Call
April 25, 2024 11:00 AM ET
Company Participants
Melanie Hart - Vice President & Chief Financial Officer
Peter Arvan - President & Chief Executive Officer
Conference Call Participants
David Manthey - Baird
Ryan Merkel - William Blair
Susan Maklari - Goldman Sachs
Scott Schneeberger - Oppenheimer
Garik Shmois - Loop Capital
David MacGregor - Longbow Research
Steve Volkmann - Jefferies
Andrew Carter - Stifel
Presentation
Operator
Good day, and welcome to the Pool Corporation First Quarter 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be opportunity to ask question. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Melanie Hart, Vice President and Chief Financial Officer. Please go ahead.
Melanie Hart
Thank you, and welcome to our first quarter 2024 earnings conference call. Our discussion, comments and responses to questions today may include forward-looking statements, including management's outlook for 2024 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ from projected results are discussed in our 10-K.
In addition, we may make references to non-GAAP financial measures in our comments. A description and reconciliation of our non-GAAP financial measures included in our press release are posted to our corporate website in the Investor Relations section. In order to assist our investors and analysts and following along with our earnings call comments, we have posted a brief presentation on our investor website. It will summarize key points from our press release and call comments.
We are now ready to begin the call with comments from Pete Arvan, our President and CEO.
Peter Arvan
Thank you, Melanie and good morning to everyone on the call. We released our first quarter results this morning, reporting $1.1 billion in net sales, our fourth consecutive year of achieving the $1 billion mark in a seasonally slower quarter. This was down 7% from the previous year but up 6% from 2021.
Overall demand for pool-related maintenance products in the quarter was solid with sales ending roughly flat, which is a good result considering the poor weather that we experienced in Florida for almost the entire quarter. As you can imagine, in the first quarter, Florida is our largest market....
Pool Corporation (POOL) Q1 2024 Earnings Call Transcript