Pool Corp. Sees Higher Earnings In FY17 As Q4 Profit Meets View - Quick Facts

(RTTNews) - Pool Corp. (POOL), a wholesale distributor of swimming pool and related backyard products, Thursday said it expects fiscal 2017 earnings to be in the range of $3.80 to $4.00 per share. This is higher than last year's earnings of $3.47 per share.

On average, eight analysts polled by Thomson Reuters expect earnings of $3.86 per share for the year. Analysts' estimates typically exclude special items.

The company said the outlook does not include the anticipated favorable impact from the adoption in 2017 of new accounting guidance related to the income tax treatment of compensation from share-based awards.

Manuel Perez de la Mesa, President and CEO, said, "We are excited for the challenge of delivering strong growth in the coming year, and look forward to the opportunity to leverage our strengths as we continue to provide exceptional value to our customers and suppliers."

In its fourth quarter, Net income attributable to Pool was $2.6 million, compared to $2.5 million in 2015. Earnings per share was $0.06, same as last year.

Net sales for the fourth quarter increased 7% to $445.2 million from $415.1 million last year.

Analysts expected earnings of $0.06 per share on sales of $431.42 million for the quarter.