Pool Corporation releases earnings for the year end and fourth quarter of 2025

Pool Corporation recently announced its full-year and fourth quarter 2025 results, showcasing stable net sales of $5.3 billion, similar to 2024 figures. The company saw growth in building materials sales in the latter part of the year, with a steady maintenance business contributing to this stability. The gross margin for 2025 improved slightly to 29.7%, representing a 20 basis points enhancement over 2024, excluding the impact of the tariff reversal from the previous year. The diluted earnings per share (EPS) for 2025 came in at $10.85 or $10.73 without the tax benefits from ASU 2016-09.

Peter D. Arvan, the president and CEO of Pool Corporation, highlighted the company’s customer experience and diverse building products portfolio as key factors behind the positive results. He emphasized the strategic initiatives focused on enhancing value-added services, supporting industry professionals through digital platforms, and expanding product offerings. Despite ongoing consumer pressures, the company observed an improvement in sales of discretionary products in the second half of the year. Cost management remained disciplined, with investments directed towards the sales center network and digital ecosystem to uphold the company’s leading position in the industry.

Comparing the financials of 2025 to 2024, net sales were consistent at $5.3 billion, driven by stable sales of non-discretionary products and a surge in discretionary product sales in the latter part of 2025. Gross margins improved to 29.7% in 2025, excluding the benefit from the import tax reversal in 2024. Operating expenses grew by 4% to $992.3 million in 2025, attributed to investments in technology initiatives, sales center network expansion, and inflationary impacts on base wages and facility costs.

Operating income for 2025 decreased by 6% to $580.2 million, primarily due to the exclusion of the import tax reversal benefit from 2024. Net income also saw a decline to $406.4 million, and earnings per diluted share dropped 4% to $10.85 in 2025 compared to $11.30 in 2024. These figures include a tax benefit of $0.12 per diluted share from ASU 2016-09 in 2025 and $0.23 per diluted share in 2024. Adjusting for this impact, earnings per diluted share decreased by 3% to $10.73 in 2025 compared to $11.07 in 2024.

The balance sheet for Pool Corporation indicated an inventory balance increase of 13% to $1.5 billion by December 31, 2025, fueled by advanced purchasing ahead of price hikes, inflationary effects, and the addition of new sales centers. Total debt outstanding rose by $249.1 million to $1.2 billion by the end of 2025. Despite challenges and market fluctuations, Pool Corporation remains focused on its long-term strategy to deliver value to shareholders while laying a strong foundation for future performance.