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Pool's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Pool (POOL)

Q2 2011 Earnings Call

July 21, 2011 11:00 am ET

Executives

Mark Joslin - Chief Financial Officer, Vice President and Treasurer

Manuel De La Mesa - Chief Executive Officer, President and Director

Analysts

Daniel Garofalo

David Mann - Johnson Rice & Company, L.L.C.

Mark Rupe - Longbow Research LLC

Ryan Merkel - William Blair & Company L.L.C.

Anthony Lebiedzinski - Sidoti & Company, LLC

Luke Junk

Keith Hughes - SunTrust Robinson Humphrey, Inc.

Brent Rakers - Morgan Keegan & Company, Inc.

Presentation

Operator

Greetings, and welcome to the Pool Corporation Second Quarter Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Mark Joslin, Pool Corporation's Chief Financial Officer. Thank you. Mr. Joslin, you may begin.

Mark Joslin

Thank you, Everett. Good morning, everyone, and welcome to our second quarter 2011 conference call. I would once again like to remind our listeners that our discussion, comments and responses to questions today may include forward-looking statements, including management's outlook for 2011 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ materially from projected results is discussed in our 10-K.

Now I'll turn the call over to our President and CEO, Manny Perez De La Mesa. Manny?

Manuel De La Mesa

Thank you, Mark, and thank you all for joining us today on our second quarter 2011 results conference call. Well, our second quarter and year-to-date results speak for themselves with our diluted earnings per share up 13% in the quarter and 26% year-to-date. By all indications, our earnings per share should be up 20% to 26% for all of 2011, our second consecutive year of 20% or better earnings per share growth despite the still challenging external environment, including depressed discretionary spending and very low new construction levels.

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