COVINGTON, La., Oct. 12, 2015 (GLOBE NEWSWIRE) -- Pool Corporation (NASDAQ:POOL) celebrated its 20th anniversary as a public company today.
Incorporated in 1993, South Central Pool Supply, Inc. became SCP Pool Corporation in 1995 and listed on the NASDAQ stock market on October 12, 1995. In 2006, we changed our name to Pool Corporation. Since our initial public offering (IPO), the market value of our company has grown to $3.2 billion and our share price is approximately 80 times greater than our stock market debut price. For this 20 year period, our earnings per share compound annual growth rate (CAGR) is 21% and our total shareholder return (TSR) CAGR is 26%. For perspective, an investment of $10,000 on the day of our IPO would now be worth just over $1.0 million, assuming dividend reinvestment. Of the companies in the S&P 1500 Composite Index that have been public for more than 20 years, POOLCORP’s TSR performance ranks 9th, or in the top 1% of all companies in the Index.
Over the course of these 20 years, we have grown to 331 sales center locations in 39 states, 1 U.S. territory and 12 countries, and we currently have over 3,800 employees. We are a Fortune 1000 company, have been recognized as a Business Week Magazine “Hot Growth 100 Company” and are a member of the Russell 1000® Index. In December 2013, we surpassed $2.0 billion in annual sales. We have also returned over $1.1 billion to shareholders in the form of cash dividends and share repurchases.
“It is amazing to appreciate the success we have realized in our 20 years as a public company, and it is especially gratifying to have been a part of it for almost 17 years,” commented Manuel Perez de la Mesa, President and CEO. “The successes we have experienced are a direct reflection of the successes of our customers and the service and commitment of all of our employees. We are very fortunate to live in a time and place that provides us with so many opportunities. With that good fortune comes the responsibility to continuously improve ourselves individually and collectively as a company. Every day, our people show up fully engaged and work hard to make sure that we provide truly exceptional value that contributes to the economic growth as well as the personal and professional growth of those we serve and work alongside. The officers and directors of POOLCORP look forward to commemorating this occasion by opening the NASDAQ market on October 28, 2015.”
Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products. Currently, POOLCORP operates 331 sales centers in North America, Europe, South America and Australia, through which it distributes more than 160,000 national brand and private label products to roughly 100,000 wholesale customers. For more information about POOLCORP, please visit www.poolcorp.com.
CONTACT: Craig K. Hubbard Investor Relations 985.801.5117 firstname.lastname@example.org