Revenue Analysis
Examining POOL’s Total and Operating Revenue, there has been significant growth over the period from 2023-03-31 to 2024-03-31. The revenue increased from approximately $1.21 billion in 2023-03-31 to $1.12 billion in 2024-03-31, showing a pattern of revenue escalation. Furthermore, Gross Profit followed this trend, increasing from $369.76 million in 2023-03-31 to $338.56 million in 2024-03-31, demonstrating improved efficiency in revenue generation relative to direct costs.
Cost Management
In terms of Cost of Revenue and Operating Expenses, POOL witnessed an increase in costs, aligning with revenue trends. The Cost of Revenue rose from $837.02 million to $782.25 million from 2023-03-31 to 2024-03-31. Meanwhile, Operating Expenses demonstrated a similar upward trend, stabilizing around higher levels, suggesting sustained spending in operational activities.
Profitability Analysis
Reviewing profitability metrics, EBITDA grew from $155.54 million to $119.47 million over the recorded periods, while Operating Income showed an increment from $145.77 million to $108.72 million. Pretax Income reflected growth from $129.94 million to $95.30 million, and Net Income increased from $101.70 million to $78.89 million as per the latest data from 2024-03-31.
Cash Flow Indicators
Reconciled Depreciation expenses have been fairly stable, showing only slight fluctuations. Interest Expense, an important indicator of financial cost, was not consistently reported but where available, has increased, indicating rising debt costs or increased leveraging.
Taxation
The reported Tax Rate ranged from 17.29% to 25.1% over the periods, displaying variability in the company’s tax obligations. Tax Provision increased significantly, highlighting a larger allocation of earnings set aside for tax liabilities.
Shareholder Metrics
Analysis into shareholder metrics shows an interesting trend in Diluted and Basic EPS (Earnings Per Share). Diluted EPS increased from 2.58 to 2.04 whereas Basic EPS showed a slight increase from 2.60 to 2.05, reflecting the company’s profitability on a per-share basis. Additionally, the Net Income Available to Common Stockholders highlighted growth, which is a positive signal to investors.
Conclusion
Overall, POOL’s financial performance has shown robust revenue growth and a healthy increase in profitability metrics. However, the company must manage rising costs to maintain profit margins. Continued attention to cost management and leveraging opportunities for efficiency can foster sustained growth. Shareholders should be optimistic about the company’s profitability per share growth, but mindful of the expenses and tax obligations.