This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs