Investment Thesis
Pool Corporation distributes swimming pool supplies, equipment, and outdoor living products to contractors and retailers. Maintenance demand, aftermarket mix, and fragmented markets create steady growth with strong cash flow.
- Aftermarket Focus: ~80% of sales tied to maintenance and remodel, less cyclical.
- Scale Advantage: 700+ distribution centers provide product breadth and logistics.
- Outdoor Living: Expanded offering in kitchens, lighting, and automation boosts ticket.