Q2 2012 Earnings Call
July 19, 2012 11:00 am ET
Mark W. Joslin - Chief Financial Officer and Vice President
Manuel J. Perez De La Mesa - Chief Executive Officer, President and Director
Luke L. Junk - Robert W. Baird & Co. Incorporated, Research Division
David S. MacGregor - Longbow Research LLC
David M. Mann - Johnson Rice & Company, L.L.C., Research Division
Anthony C. Lebiedzinski - Sidoti & Company, LLC
Keith B. Hughes - SunTrust Robinson Humphrey, Inc., Research Division
Brent D. Rakers - Wunderlich Securities Inc., Research Division
Good morning, and welcome to the Pool Corp. Second Quarter Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. And I would now like to turn the conference over to Mark Joslin, Vice President and Chief Financial Officer. Please go ahead.
Mark W. Joslin
Thank you, Emily. Good morning, everyone, and welcome to our 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 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 J. Perez De La Mesa
Thank you, Mark, and good morning to everyone on the call.
Well, it was a very interesting quarter, as the yearly start to the Pool season resulted in an earlier wind down. Probably, the best reference point is Chemicals, our largest product category. In a market with roughly 1% growth in the installed base of pools, and very limited inflation, we finished May with year-to-date chemical sales up 12%, an unprecedented growth rate for this product category.