Pool Corporation is the wholesale middleman for everything pools and outdoor living—chemicals, pumps, filters, even full fiberglass pools—supplying builders and repair pros across 410 centers in North America, Europe, and Australia. Think of it as the plumbing
Money comes from distributing pool and outdoor products, with revenue around USD 5.29B in 2025 and a gross margin near 29.7%. It's a recurring-revenue model—pool owners need chemicals and maintenance parts every season, so sales repeat year after year, though
Pool's scale and 410 local centers create a distribution network that's tough to replicate—contractors need same-day parts, and no single competitor like SiteOne or HD Supply covers this niche as broadly. However, the moat is eroding as big-box retailers like
Key events, in time order
Net sales up 2% to $1.8B, operating income down 2%, guidance confirmed ex-CEO transition costs
Multiple sources confirm Q2 beat, but CEO transition costs pressure margins
Operating income -2%, CEO transition costs weigh, guidance excludes them
Multiple sources confirm Pool Corp and Campbell's will be removed from S&P 500 before June 22 open
Berkshire's 13F shows full exit from Pool Corp ($702M) and 6 others, a major shareholder shift.
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