Pool CorpPOOL

Pool Corporation likes to describe itself as the world’s largest wholesale distributor of swimming pool supplies, equipment and outdoor living products, but the 10-Q filed for the quarter ended 31 March 2026 shows a company whose revenues of $1.14 billion sit atop a balance sheet carrying $2.87 billion of liabilities against $1.13 billion of equity.

The filing reveals net income attributable to parent of $53.2 million for the quarter, diluted earnings per share of $1.45, and a modest $25.7 million of operating cash flow. Inventories, meanwhile, rose by $209.7 million, which is either a sign of strong demand or a gentle reminder that pool chemicals and fibreglass spas do not evaporate when the season ends. The business operates roughly 455 sales centres across North America, Europe and Australia, serving around 125,000 wholesale customers with more than 200,000 SKUs, according to the company’s own sales-centre map and product pages.

The 8-K filed on 23 July 2026 confirms the company’s operating income for the quarter was $82.6 million, while the same document shows liabilities of $2.87 billion against equity of $1.13 billion, giving the balance sheet a leverage ratio north of 2.5×. That is not a rounding error; it is a structural feature of a business that finances inventory-heavy distribution. The company’s Form SD for 2025, published on 20 May 2026, reiterates the core identity: the world’s largest wholesale distributor of swimming pool and related outdoor living products, with a network of 455 centres and over 6,000 employees.

If you want to locate the nearest sales centre, the company’s official site will drop a pin on a map; if you want to know what the numbers actually mean, the filings are the only reliable guide. The company’s investor-relations site hosts the SEC filings and the sales-centre directory, while the product pages stress service and commitment to the swimming pool trade. The numbers, however, tell a plainer story: strong top-line growth, healthy margins, but a balance sheet that leans heavily on leverage to keep the taps running.

For context on the company’s scale, the 10-Q confirms 36.4 million diluted shares outstanding and $53.2 million of net income, while the inventory build of $209.7 million underscores the working-capital intensity of a business that stocks pool cleaners the way other firms stock printer paper. The stock trades on the Nasdaq under the ticker POOL, but the filings do not contain a ticker in the narrative-they contain the company’s own language about its networks and product ranges.

The company’s Form SD for 2025 explicitly states it is the world’s largest wholesale distributor of swimming pool supplies, equipment and related leisure products and one of the leading distributors of irrigation and environment products in the United States. The same document is hosted on the investor-relations site, confirming the identity and scope. The sales-centre finder, meanwhile, lists branches under brands such as SCP Distributors, Superior Pool Products, NPT, Jetline Products and Horizon Distributors, each feeding roughly 275 wholesale customers on average. That is not a bug; it is the arithmetic of a mature industrial distributor in a cyclical leisure market.

The company’s B2B portal promises order updates and inventory security, but the filings do not reveal whether the portal is converting cash any faster than the average pool pump. The 10-Q shows $8.6 million of capex for the quarter, which is modest relative to the $1.66 billion of inventory and suggests maintenance capex rather than greenfield expansion. The cash conversion ratio, at roughly 0.3×, is polite enough to remind us that selling pool toys does not automatically mint gold.