COVINGTON, LA (AP) — A warmer-than-usual start to the year in most of its seasonal markets helped Covington-based Pool Corp. turn record first-quarter profit and sales in 2016.
The New Orleans Advocate reports the pool supplies and equipment distributor reported a $16.4 million profit for the first three months of the year, compared with $8.4 million a year ago. The company reported per-share earnings of 38 cents for the quarter, which ended March 31. That's up from 19 cents per share a year ago.
Net sales for the same period in 2016 reached $515.3 million, compared with $450.4 million a year ago.
The company raised its 2016 earnings guidance to a range of $3.25 to $3.40 per share, up from $3.20 to $3.35 per share.
