POOL changes
Pick any two versions below to diff them.
- Price
- $205.95 → $215.78(+4.8%)
- Balance sheet
- Cash: $106M Debt: $1.2B Net debt: $1.1B EBITDA, last 12 months: $659M Net debt / EBITDA: 1.6× (low) Interest cover: 14× Debt due within 12 months: $21M Last debt due: 2029 Pool Corporation has no public bonds, and all its debt is variable-rate bank and securitization debt, mostly at the parent level. The debt is seasonal: it peaks in the second quarter, when supplier payments for winter inventory fall due, and it falls as customers pay in the summer. At September 30, 2026, total debt was $1,167 million, $105 million more than one year earlier. Of this, $21 million was due within one year. Cash was $106 million. The added: 10-Q for Q3 2026 removed: release gives removed: no added: the split of the removed: debt. At June added: debt at September 30, removed: 2026, added: 2026: $280.0 million drawn on the removed: 10-Q showed added: revolver, $500.0 million of term loan, $90.0 million of term facility, $286.0 million under the receivables securitization facility and $13.6 million under an added: Australian credit facility. The unsecured Credit removed: Facility added: Facility, with an $800 million revolver and removed: a $500 million added: the term loan, removed: both due September 30, 2029, and removed: a $90 million added: the term facility removed: with the same final date. added: all fall due on September 30, 2029. The receivables securitization facility runs to August 25, 2028 and can fund up to $400 million from March to September and $300 million in the other months. At September 30, 2026, $343 million of customer receivables were pledged under it. EBITDA is adjusted EBITDA for the 12 months to September 30, 2026, our sum of the company's quarterly figures. Interest cover is operating income over net interest and other non-operating expense in the first nine months of 2026. Two interest rate swaps fix the rate on $300 million at about 0.7% until February 26, 2027. Interest cost on that part will rise when the swaps end. The company also has $352 million of operating lease liabilities for its sales centers. Operating cash flow in the first nine months of 2026 was $420 million, up 47%. In the same period, Pool returned $338 million to shareholders, with $140 million of dividends and $198 million of buybacks. The debt does not limit its choices today. As of Sep 30, 2026.