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We are the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. We hold the leading position in North America in every product category in which we compete.
Operating margin is thin at 5.60%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.4%, steady but not accelerating.
Net debt of $243M represents 6.4x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$552M
▲ +7.4% YoY
Net Income (TTM)
$9M
▲ +162.3% YoY
Op. Margin
5.24%
▲ +2.0pp YoY
ROIC
3.53%
▲ +2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$30M
▼ -7.6% YoY
Op. Cash Flow (TTM)
$63M
▲ +3.5% YoY
Net Debt
$286M
Cash & Equiv.
$27M
5Y CAGR: +6.2%
5Y CAGR: -4.1%
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