Pool Corp. earnings up 11 percent in 2q

 

The Associated Press

Swimming pool equipment wholesaler Pool Corp. reported an 11 percent uptick in earnings for the second quarter as consumers spent more to replace old equipment and to remodel their homes.

The Covington-based company posted $73.9 million, or $1.61 per diluted share, in net income from April to June. That is up from $66.5 million, or $1.39 per share, during the same period last year.

Pool Corp. said prolonged cold and rainy weather through early spring put a damper on the company's sales of pool equipment and its other backyard products in Canada and the northern U.S.

NOLA.com/The Times-Picayune reports (http://bit.ly/UdX3gy ) the decrease was countered by strong growth in the company's building materials business as home remodeling and replacement activity picked up.

Sales were up 7 percent to $848.2 million.

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