Pool Corporation Announces an Increase in Its Share Repurchase Program, Growth of Its Quarterly Cash Dividend and 2025 Annual Meeting of Stockholders Voting Results
30 Abril 2025 - 5:05PM
Pool Corporation (Nasdaq/GSM:POOL) announced today that its Board
of Directors (the Board) has authorized an increase in the
company’s share repurchase program to $600.0 million. As of
April 29, 2025, this adds $309.2 million to the
$290.8 million remaining under its existing share repurchase
program for the purchase of the company’s common stock in the open
market at prevailing market prices. The share repurchase program
will continue until otherwise modified or terminated by the Board
at any time in its sole discretion.
The company also announced that the Board has
declared a quarterly cash dividend of $1.25 per share, a 4%
increase over the previous quarterly dividend of $1.20 per share.
The dividend is payable on May 29, 2025 to stockholders of
record on May 15, 2025. As of April 29, 2025, there were
37,595,213 shares of common stock outstanding.
John Stokely, Chair of the Board, commented,
“Today marks POOLCORP’s 20th quarterly dividend increase since
2004. This milestone, combined with the expansion of our share
repurchase program, demonstrates the Board’s ongoing commitment to
return capital to our shareholders. We are proud of POOLCORP’s role
in advancing the outdoor living industry through our vast sales
center network. With a growing assortment of innovative products
and a robust digital ecosystem that elevates the customer
experience, we are connecting customers with our products and
expertise like never before. Looking ahead, we believe that these
efforts will translate into meaningful returns for our
shareholders.”
At POOLCORP’s Annual Meeting of Stockholders on
April 30, 2025, stockholders elected Peter D. Arvan, Martha
“Marty” S. Gervasi, James “Jim” D. Hope, Kevin M. Murphy, Debra S.
Oler, Manuel J. Perez de la Mesa, Carlos
A. Sabater, John E. Stokely and David G. Whalen to serve as
directors for the ensuing year.
At the Annual Meeting of Stockholders,
stockholders also:
- ratified the retention of
Ernst & Young LLP as the independent registered
public accounting firm of the company for the 2025 fiscal year;
and
- approved the
compensation of the company’s named executive officers as disclosed
in the Proxy Statement (the advisory say-on-pay vote).
About Pool Corporation
Pool Corporation is the world’s largest
wholesale distributor of swimming pool and related backyard
products. POOLCORP operates approximately 445 sales centers in
North America, Europe and Australia through which it distributes
more than 200,000 products to roughly 125,000 wholesale customers.
For more information about POOLCORP, please visit
www.poolcorp.com.
Forward-Looking Statements
This news release may include “forward-looking”
statements that involve risk and uncertainties. The forward-looking
statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements speak only as of the date of this
release, and we undertake no obligation to update or revise such
statements to reflect new circumstances or unanticipated events as
they occur. Actual results may differ materially due to a variety
of factors, including the sensitivity of our business to weather
conditions; changes in economic conditions, consumer discretionary
spending, the housing market, inflation or interest rates and other
risks detailed in POOLCORP’s 2024 Form 10-K, Quarterly Reports on
Form 10-Q and other reports and filings with the Securities and
Exchange Commission (SEC).
CONTACT:
Kristin S. ByarsDirector, Investor Relations and
Finance985.801.5153kristin.byars@poolcorp.com
Pool (NASDAQ:POOL)
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