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Pool's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Pool (POOL)

Q4 2011 Earnings Call

February 16, 2012 11:00 am ET

Executives

Mark W. Joslin - Chief Financial Officer, Vice President and Treasurer

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

Analysts

David J. Manthey - Robert W. Baird & Co. Incorporated, Research Division

David Mandell

David M. Mann - Johnson Rice & Company, L.L.C., Research Division

Leah Villalobos - Longbow Research LLC

Anthony C. Lebiedzinski - Sidoti & Company, LLC

Judy Merrick

Brent D. Rakers - Morgan Keegan & Company, Inc., Research Division

Presentation

Operator

Good day, and welcome to the Pool Corporation 2011 Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mark Joslin, Pool Corporation's Chief Financial Officer. Please go ahead.

Mark W. Joslin

Thank you, Valerie. Good morning, everyone, and welcome to our year-end 2011 conference call. I would like to once again remind our listeners that our discussion, comments and responses to questions today may include forward-looking statements, including management's outlook for 2012 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 Perez De La Mesa

Thank you, Mark, and good morning to everyone on the call.

2011 was a year of very strong performance in what was still a very challenging market environment. We estimate that industry sales grew by 3% to 4%, while our base business sales increased by 10%. That's exceptional. The credit here rests with our 3,200-plus employees, whose talent and commitment is outstanding. I am continuously humbled by their initiative, attitude, perseverance and dedication. Repeatedly, during the course of the year, customers and vendors provide me with unsolicited glowing comments of what our people do to enable their success. Our employees live our mission of providing exceptional value to our customers and suppliers by executing on our strategies of promoting the growth of the industry, promoting the growth of our customers' businesses and continually striving to operate more effectively. I am privileged to be their leader and really grateful as a shareholder.

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