Pool Corporation (POOL)
Recap: Q2 2026
Opex Discipline Arrives Just as Gross Margin Inverts, and the New CEO Takes the 6-9% Algorithm Off the Table
Recap: Q1 2026
Half of the 6% Is Price, One Point of It Laps in April, and the Guide Never Moved
Initiating Coverage
The Toll Booth on Every Backyard Pool in America, Now Trading at a Cyclical Trough Multiple
Recap: Q4 2025
Record Q4 Gross Margin Can't Mask the Miss — Cycle Turn Thesis on Probation as Flat FY26 Guide Resets Expectations
Recap: Q3 2025
Building Materials Inflect, POOL360 Hits Record, and the Q2 Upgrade Thesis Is Tracking — Stay Long Into the Trough
Recap: Q2 2025
Revenue Inflects Positive for the First Time in Years, POOL360 Flywheel Accelerates — Upgrading on Cycle Turn
Recap: Q1 2025
Maintenance Floor Holds, But Texas Freeze and Margin Compression Expose the Discretionary Void