Pool's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Pool (POOL)

Q1 2012 Earnings Call

April 19, 2012 11:00 am ET

Executives

Mark W. Joslin - Chief Financial Officer and Vice President

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

Analysts

Leah Villalobos - Longbow Research LLC

David Mandell

Luke L. Junk - Robert W. Baird & Co. Incorporated, Research Division

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

Presentation

Operator

Good morning, and welcome to the Pool Corp. First Quarter 2012 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. 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, Valerie. Good morning, everyone, and welcome to our first quarter 2012 conference call. I would once again like 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.

Well, the unusually mild winter prompted many Pool owners to open their pools earlier than normal in seasonal markets or increased pool use in year-round markets, both of which contributed to our sales growth in the quarter. Some of the sales increase is a shift from the second quarter, but part of it is a benefit for the quarter and 2012, driving our EPS range increase for the year.

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