Adobe Stock
In its Second Quarter Report, megadistributor PoolCorp reported a 40% year-over-year increase in net sales, at a record $1.79 billion compared with $1.28 billion at the same time last year. The company said its base business sales grew 32%
“We observed sales gains across nearly all product categories and geographies reflecting strong growth in maintenance, replacement, refurbishment and construction activity among our customers,” the company stated.
The company also broke its record for gross profit in the second quarter, seeing a 48% hike to a record $551.7 million, compared with $373.5 million in the same period of 2020.
Net income increased 65% in Q2 2021 to $259.7 million, from $157.6 million in Q2 2020.
“We believe that the strong demand trends and pipeline of projects will continue through the remainder of the year and beyond,” said PoolCorp President/CEO Peter D. Arvan.