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Pool Suppliers Revenue Way Up During Year 2 of Covid

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Pool Suppliers Revenue Up During Year 2 Of Covid

Recently, there has been a surge in demand for pool services, thanks to the Covid-19 pandemic. As a result, pool suppliers and contractors continue to earn higher profits and revenues. One of the companies that greatly benefited from the increased demand is Pool Corp. Pool Corp (POOL) is a company that distributes pool equipment, among other supplies. The Louisiana-based company has experienced a significant rise in its market share this year.

MetricQ2 2020 ResultWall Street’s Q2 2021 Consensus EstimateWall Street’s Projected Change
Revenue$1.28 billion$1.73 billion35%
Adjusted earnings per share (EPS)$3.87$5.4842%

Increase in pool suppliers revenue due to pool demand

Pool Corp is, however, not the only company that is benefiting from this increased demand. Many pool companies have grown tremendously over the past year. This is because more homeowners were looking for ways to spice up their backyards amid the covid-19 movement restrictions. And this explains the reason for the high demand for pool services.

Remember, the global pandemic forced homeowners to enjoy their indoor/outdoor spaces. Consequently, the majority of individuals became more willing to spend on upgrading their outdoor spaces. In fact, statistics show that the number of inground pools built last year rose by 21% from 2019. In addition, according to MarketWatch, permits in warmer states like Florida rose by 30%.

There has never been such an abrupt and tremendous growth in the pool industry. 2020 was undoubtedly an industry changer for us. The last time the pool industry experienced such growth was in 1983, and it wasn’t this much.

PHTA spokesperson Janay Rickwalder

Make your money work for you

The increased demand was good for most pool distributors and suppliers like Pool Corp. Pool companies saw a tremendous increase in their revenues and profits. In particular, Pool Corp’s earnings tripled. On the other hand, another pool supply company, Leslie’s, saw a 52% increase in sales last year.

Owner of Budd’s Pools & Spas, Randy Budd, says, “We have never seen such demand for our pool construction services as we did last year.”

Demand for Pool costruction and services

Nonetheless, it is essential to note that the pandemic is not the only reason for the surge in demand for pool services. According to the Consumer News and Business Channel (CNBC), the demand for pool construction services has also risen because more Americans are moving to warmer regions and urban areas.

Although pool suppliers have greatly benefited from the high demand for pool services, they are experiencing a major problem; fewer swimming pool supplies. Currently, there are less swimming pool supplies like chlorine. Remember, the primary chlorine tablet manufacturer experienced great loss from the fire in Louisiana. Thus, it is hard to find chlorine tablets. And it forces pool suppliers to raise their chlorine tablet prices since the demand is still high.

Budd says, “There is a shortage of almost all pool supplies in the industry; the demand is constantly rising.”

Some pool suppliers like St. Cyr Pool & Spa in Middleton, Mass, have increased their chlorine prices by 50%. So, pool experts are now advising pool owners to consider using other pool sanitation systems. Examples of these sanitation systems include UV and Ozone systems.

Chad Moentenich, Showroom manager at Prestige Pools & Spas, says that they have never received a lot of calls like this year. He says, “Homeowners are looking for all kinds of features to make their yards more functional. Spas, hot tubs, aboveground pools, inground pools are therefore in high demand at the moment.

Chad says that it often takes roughly six to eight months to complete building an inground pool. But pool professionals can no longer deliver within this construction period. Pool construction is now taking longer since pool contractors are extremely busy.

Increased revenue in the pool industry

At the beginning of the covid-19 pandemic, pool industry veterans were afraid that business would go down. This was because of the recession that went down in 2008. Fortunately, this incidence did not reoccur last year. In fact, businesses became bigger and better. Most people are now working from home. So, they are looking for different ways to make their stay worthwhile.

Furthermore, since individuals couldn’t go for their yearly vacations anymore, they sought to create mini staycations in their yards. Besides, adding a pool to your yard helps you keep your children occupied throughout the entire summer. Nevertheless, swimming pools are currently getting reopened. But this is not expected to tamper with the increased demand for pool services.

4.8/5 - (17 votes)

Pool News coverage brought to you by Pool Magazine's own Marcus Packer. Marcus Packer is a 20 year pool industry veteran pool builder and pool service technician. In addition to being a swimming pool professional, Marcus has been a writer and long time contributor for Newsweek Magazine's home improvement section and more recently for Florida Travel + Life. Have a story idea or tip you'd like to share with Pool Magazine? Email [email protected] your story idea.

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Skimmer Launches The Pool Deck – A Game-Changing Community Exclusively for Pool Pros

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[Austin, TX – May 22, 2024] – Skimmer , the leading provider of software solutions for pool service professionals, is thrilled to announce the launch of The Pool Deck, a dynamic online community designed to foster connection, collaboration, and growth in the industry.

The purpose of this new community is to bring together pool service professionals (both
Skimmer customers and non) and experts in marketing, human resources, finance, water
chemistry, pool service training and more to share advice, exchange ideas, and support one
another on their professional journeys.

Pool pros who join The Pool Deck can expect several benefits, including:

● Connecting with members who understand the challenges and triumphs of the pool
service industry. It’s a forum where pros can share experiences, seek advice, and inspire
others to reach new heights.
● Learning from industry experts who share their knowledge on a variety of topics
essential for business success, from marketing strategies to employee retention
techniques.
● Accessing a wealth of resources, including Q&A sessions, tips, and tricks.

Plus, Skimmer customers get access to additional exclusive experiences and channels. This
includes forums and resources for buying and selling routes, local community groups, exclusive workshops and meetups, and forums dedicated to the Skimmer product and support.

If you’re a pool pro seeking industry insights, professional training, or simply a place to connect with like-minded individuals, The Pool Deck is your one-stop destination.
“I love witnessing the power of community in action as members connect to share advice, help
one another find answers, and celebrate each other’s wins,” says Justine Rae, Skimmer’s
Director of Customer Marketing & Community.

“There is a wealth of industry and business knowledge to tap into, so bringing it together in one central hub makes it easier to have a single go-to trusted source for information, making
everyone’s day a little easier and a little brighter as they navigate the daily challenges of running their company,” she says.

The Pool Deck is now open. Pool pros can join now at https://thepooldeck.getskimmer.com/

For media and partnership inquiries, please contact Jes Ellacott at [email protected]

For community partnership inquiries and further comment, please contact Justine Rae at
[email protected]

5/5 - (3 votes)

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Pool Noodle Hail Hack Goes Viral

A popular pool noodle hack has gone viral amidst severe weather and hail conditions from late Spring storms.

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Pool Noodle Hail Hack Goes Viral

As severe weather continues to batter various parts of the United States, residents are coming up with creative ways to protect their property. Wednesday was particularly active, with three significant regions experiencing powerful thunderstorms capable of producing damaging wind gusts, large hail, and potential tornadoes. Areas from the Plains to the East Coast faced these severe weather threats.

Amidst these turbulent weather patterns, a peculiar trend has emerged: car owners, many of whom don’t even own swimming pools, are flocking to pool stores. Their mission? To stock up on pool noodles and pool floats—not for swimming, but for protecting their cars from hail damage.

Thank you to my awesome neighbor Darlene Hlavsa Wessel for the pool noodle contraption to protect my car from any potential hail! Yes, it looks funny, but it works lol

Posted by Sara Renee Davis on Wednesday, May 8, 2024

The Viral Pool Noodle Hail Hack: Pool Noodles and Floats to the Rescue

Social media has been buzzing with this innovative hack. Across the country, folks are sharing images and videos of their vehicles equipped with colorful pool noodles strapped to roofs, hoods, and trunks. In some cases, inflatable pool floats and even air mattresses are being used to shield cars from the destructive force of hailstones.

Hail can cause significant damage to vehicles, denting the bodywork, smashing windows, and potentially costing owners thousands of dollars in repairs. Traditional protective measures, like covered parking, are not always available, especially during sudden and unexpected storms. This has led to a surge in demand for makeshift solutions that can be quickly and affordably deployed.

If it works it works 😂

Posted by Texas Inspiration on Saturday, May 11, 2024

The Impact of Social Media

This unconventional method of car protection gained traction thanks to social media platforms where users posted their inventive solutions. Hashtags like #HailHack are trending, with folks sharing their setups and offering tips on the best ways to secure the noodles and floats.

The viral nature of this trend speaks to the power of community ingenuity in the face of natural challenges. It also highlights the increasingly erratic weather patterns being experienced across the country, pushing people to think outside the box to protect their property.

Pool noodles and hail storms! I wouldn't think those two things would ever share a place in a story… but they did….

Posted by Keith Jones on Friday, April 19, 2019

A Growing Phenomenon

As more severe weather is predicted in the coming weeks, pool stores are noticing an uptick in sales of pool noodles and floats, often seeing their stock depleted as quickly as it arrives. Some stores have even started marketing these items specifically for hail protection, tapping into the growing demand.

While it remains uncertain if this hack actually works, car owners desperate to protect their investments are willing to give anything a try. After all, in the face of golf ball-sized hail, a little foam and air might just be the car’s best friend—or at least make for a great story at the next summer BBQ

5/5 - (11 votes)

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Leslie’s, Inc. Appoints Maile (Clark) Naylor to Board of Directors

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Leslie’s, Inc. Appoints Maile (Clark) Naylor to Board of Directors

Leslie’s, Inc. (“Leslie’s” or the “Company”; NASDAQ: LESL), the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry, announced that the Company has appointed Maile (Clark) Naylor to its Board of Directors, replacing Eric Kufel, effective May 15, 2024. Ms. Naylor has joined as a Class I Director and member of the Audit and Compensation Committees. Mr. Kufel has resigned from his board duties at Leslie’s to concentrate on his recently appointed role as Chairman and CEO of another company. Mr. Kufel advised the Company that his decision to resign is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

“On behalf of Leslie’s, we would like to express our sincere gratitude to Eric for his service. Eric has been with Leslie’s since 2018 and has had a tremendous positive impact in various functions on Leslie’s board. We wish him continued success going forward. At the same time, we are fortunate to have the opportunity to work with Maile (Clark) Naylor. Maile’s prior experience on the Board of Directors with multiple public companies and her insights as an analyst and investor will bring a valuable perspective to our team,” said John Strain, Leslie’s Chairman of the Board.

Ms. Naylor said, “I have long admired Leslie’s strong market share position in an industry with favorable long-term prospects, and it is an honor to join its Board of Directors.”

Ms. Naylor brings 25 years of buy-side experience focusing on consumer related companies at such firms as MFS Investment Management, Seneca Capital Management and Wellington Management. Ms. Naylor is currently an Independent Director on the Board of Directors at BJ’s Wholesale Club (NYSE: BJ) and Laird Superfood (NYSE American: LSF) and serves on the Board of Advisors of Boston Ballet.

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