Part 4/10:
As expected, Pool Corporation's business is seasonal, peaking between April and September. However, a compelling aspect of its revenue comes from routine maintenance and repairs, which constitute approximately 60% of its sales. This revenue stream is more stable and non-discretionary—a feature that proved vital during the economic downturn experienced in the Great Recession when maintenance and repair revenue actually rose to 70% of total sales.
The company also anticipates future growth, particularly in states like California, Florida, and Texas, where the concentration of pools is highest.
Opportunities Ahead