Overall, base business operating income increased by $25 million and we had the second best earnings per share in our history. This, despite industry construction [ph] being down 70% from peak levels and replacement remodeling activity 30% below normal levels. Our cash flow from operations was 104% of net income with solid working capital management.In 2011, we extended our networks with 3 acquisitions and 4 new sales centers. Two of the acquisitions were in the Green business, in Florida and the Mid-Atlantic; and one was internationally, as we now have a presence in Germany, the third largest market in Europe. Last month, we also closed an acquisition in Western Canada, plus we have several wholesales [ph] centers scheduled for opening in 2012.
Pool's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts