Pool Corporation Reports Decrease in Net Income for Q1 2023

Pool Corporation,(POOL) a leading distributor of swimming pool supplies and equipment, has released its financial results for the first quarter of 2023. The company's consolidated statements of income show a decrease in net income compared to the same period last year. Additionally, Pool Corporation's net sales revenue has experienced a slight decline. Let's take a closer look at the financial data to gain a better understanding of the company's performance.

Net Income Declines for Pool Corporation

During the three months ended March 31, 2023, Pool Corporation reported a net income of $101.7 million. This figure represents a decrease compared to the net income of $179.3 million reported during the same period in 2022. The decline in net income can be attributed to various factors affecting the company's operating performance.

Revenue Shows a Slight Decrease