Pool Management Discusses Q2 2012 Results - Earnings Call Transcript

Pool (POOL)

Q2 2012 Earnings Call

July 19, 2012 11:00 am ET

Executives

Mark W. Joslin - Chief Financial Officer and Vice President

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

Analysts

David Mandell

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

Presentation

Operator

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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.

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