Pool Corp Files 2023 Annual Report on Form 10-K

TL;DR

<b>Pool Corp has submitted its 2023 annual report (10-K), detailing financial performance and position for the fiscal year ending December 31, 2023.</b>

AI Summary

POOL CORP (POOL) filed a Annual Report (10-K) with the SEC on February 27, 2024. Pool Corp filed its 2023 Form 10-K on February 27, 2024, reporting on the fiscal year ending December 31, 2023. The company is incorporated in Delaware and headquartered in Covington, Louisiana. Pool Corp operates in the Wholesale - Misc Durable Goods sector (SIC 5090). The filing covers financial data for fiscal years 2020 through 2023. Key financial statement elements like common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income are detailed for these years.

Why It Matters

For investors and stakeholders tracking POOL CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Pool Corp's financial health and operational results for the past fiscal year, crucial for investors and stakeholders to assess performance and future outlook. The detailed financial data, including historical comparisons, allows for trend analysis and evaluation of the company's stability and growth trajectory within the wholesale durable goods market.

Risk Assessment

Risk Level: low — POOL CORP shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative disclosures, indicating a routine reporting event.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-K to understand Pool Corp's performance drivers and strategic initiatives for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-27 — Filing Date (As of date)
• 1934 Act — SEC Act (Securities Exchange Act of 1934)
• 000-26640 — SEC File Number (SEC file number for Pool Corp)

Key Players & Entities

• POOL CORP (company) — Filer name
• 2023 (date) — Fiscal year end
• 2024-02-27 (date) — Filing date
• DE (jurisdiction) — State of incorporation
• LA (jurisdiction) — State of business address
• 5090 (industry_code) — Standard Industrial Classification

FAQ

Industry Context

Pool Corp operates within the wholesale distribution of swimming pool and related products, serving a broad customer base in the pool and backyard industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports detailing their financial performance and business operations.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and balance sheet strength.
2. Review any disclosures related to business operations, risks, and legal proceedings.
3. Compare key financial metrics to previous years to identify performance changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-27: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This filing is the 2023 annual report, following previous filings such as the 2022 10-K, providing updated financial and operational information.

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share POOL Nasdaq Global Select Mar

Filing Documents

• pool-20231231.htm (10-K) — 2079KB
• exhibit42_2023.htm (EX-4.2) — 25KB
• exhibit107_2023.htm (EX-10.7) — 68KB
• exhibit191_2023.htm (EX-19.1) — 52KB
• exhibit211_2023.htm (EX-21.1) — 17KB
• exhibit231_2023.htm (EX-23.1) — 5KB
• exhibit311_2023.htm (EX-31.1) — 9KB
• exhibit312_2023.htm (EX-31.2) — 9KB
• exhibit321_2023.htm (EX-32.1) — 9KB
• exhibit971_2023.htm (EX-97.1) — 46KB
• image_0a.jpg (GRAPHIC) — 16KB
• pool-20231231_g1.jpg (GRAPHIC) — 16KB
• pool-20231231_g2.jpg (GRAPHIC) — 155KB
• pool-20231231_g3.jpg (GRAPHIC) — 220KB
• 0000945841-24-000021.txt (&nbsp;) — 11582KB
• pool-20231231.xsd (EX-101.SCH) — 63KB
• pool-20231231_cal.xml (EX-101.CAL) — 91KB
• pool-20231231_def.xml (EX-101.DEF) — 278KB
• pool-20231231_lab.xml (EX-101.LAB) — 960KB
• pool-20231231_pre.xml (EX-101.PRE) — 581KB
• pool-20231231_htm.xml (XML) — 1634KB

Risk Factors

Item 1A. Risk Factors 13

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 21

Cybersecurity

Item 1C. Cybersecurity 22

Properties

Item 2. Properties 23

Legal Proceedings

Item 3. Legal Proceedings 26

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 26 PART II.

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 27

[Reserved]

Item 6. [Reserved] 28

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 47

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 48

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 82

Controls and Procedures

Item 9A. Controls and Procedures 82

Other Information

Item 9B. Other Information 85

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 85 PART III.

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 85

Executive Compensation

Item 11. Executive Compensation 85

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 85

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 85

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 85 PART IV.

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 86

Form 10-K Summary

Item 16. Form 10-K Summary 86 Index to Exhibits and Signatures PART I.

Business

Item 1. Business General Pool Corporation (the Company , which may also be referred to as we, us or our ), a member of the S&P 500 Index, is the world's largest wholesale distributor of swimming pool supplies, equipment and related leisure products and is one of the leading distributors of irrigation and landscape maintenance products in the United States. Our industry is highly fragmented, and as such, we believe we add considerable value to the industry by purchasing products from a large number of manufacturers and then efficiently distributing the products to our customer base on conditions that are more favorable than our customers could obtain on their own. As of December 31, 2023, we operated 439 sales centers in North America, Europe and Australia through our five distribution networks: SCP Distributors (SCP); Superior Pool Products (Superior); Horizon Distributors (Horizon); National Pool Tile (NPT); and Sun Wholesale Supply (Sun Wholesale). Our Industry We believe that the swimming pool industry will continue to grow with the increased penetration of new pools into households with the discretionary income and physical capacity to install a swimming pool. We believe significant growth opportunities also reside with pool remodel and pool equipment replacement activities due to the aging of the installed base of swimming pools, technological advancements and the development of environmentally sustainable, energy-efficient and more aesthetically attractive products. The desire for consumers to enhance their outdoor living spaces with hardscapes, lighting and other outdoor living-related products provides us with additional future growth opportunities in this area. Over the past several years, favorable demographic and socioeconomic trends have positively impacted our industry, and we believe these trends will continue over the long term. These favorable trends include the following: long-term growth in housing units in warmer climate mark

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View this 10-K filing on SEC EDGAR