Pool Corp. said its first-quarter normalized net income came to 19 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.
EPS rose year over year from 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.6 million, a gain from $4.2 million in the prior-year period.
The normalized profit margin rose to 1.9% from 1.0% in the year-earlier period.
Total revenue increased 10.8% year over year to $450.4 million from $406.3 million, and total operating expenses rose 9.3% from the prior-year period to $434.8 million from $397.7 million.
Reported net income increased year over year to $8.5 million, or 19 cents per share, from $4.2 million, or 9 cents per share.
