Pool Corporation Cuts FY24 EPS Outlook Range From $13.19 - $14.19 To $11.04 - $11.44, Both Including $0.19 Q1 2024 Tax Benefit; Est $13.15
Portfolio Pulse from Benzinga Newsdesk
Pool Corporation has revised its FY24 EPS outlook downwards due to weak demand for new pool construction and remodel activity. The company is focusing on managing expenses and generating free cash flow.
June 24, 2024 | 8:06 pm
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Pool Corporation has lowered its FY24 EPS outlook from $13.19 - $14.19 to $11.04 - $11.44, citing weak demand for new pool construction and remodel activity. The company is focusing on managing expenses and generating free cash flow.
The downward revision of the EPS outlook indicates weaker-than-expected financial performance, likely leading to a negative short-term impact on the stock price. The company's focus on managing expenses and generating free cash flow may mitigate some of the negative effects, but the overall sentiment is likely to be bearish.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100