COVINGTON, La. (AP) — Covington-based Pool Corp. turned a record third-quarter profit of $39.4 million, or 90 cents per share, compared to $34.8 million, or 78 cents per share, a year ago.
Pool also churned to record sales of $645.8 million, compared to $615.5 million in the third quarter of 2014.
President and Chief Executive Officer Manuel Perez de la Mesa said increased market share, the continued gradual recovery of discretionary spending and warm, dry weather helped drive results.
The Advocate reports (http://bit.ly/1RqImON) the company raised its 2015 earnings guidance to a range of $2.80 to $2.85 per share, up from $2.72 to $2.82 per share.
Information from: The Advocate, http://theadvocate.com