Pool Corp's (POOL) third-quarter 2021 results benefit from solid demand for outdoor living products coupled with strategic inventory purchases and capacity-creation initiatives.
This morning, following exceptional first half results and up against a very difficult comparison from the third quarter of 2020, the POOLCORP team once again raised the bar to record heights. The earnings per share were $4.44, a 64% improvement when excluding the ASU benefit from both periods -- or from the period in both '20 and '21.
Shares of in-ground residential swimming pool designer and manufacturer Latham Group (NASDAQ: SWIM) were up more than 10% on the week as of 3 p.m. EDT on Thursday. The move is largely down to a so-called "relief rally" in the stock after its peer, Pool Corp. (NASDAQ: POOL), released a robust set of third-quarter results. Pool Corp. is the world's largest swimming pool products distributor, including Latham's products.