Pool Corporation (NASDAQ:POOL) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET
Company Participants
Melanie Hart - Vice President, Chief Financial Officer & Treasurer
Peter Arvan - President & Chief Executive Officer
Conference Call Participants
Susan Maklari - Goldman Sachs
David Manthey - Baird
Scott Schneeberger - Oppenheimer
David MacGregor - Longbow Research
Steve Volkmann - Jefferies
Trey Grooms - Stephens
Garik Shmois - Loop Capital
Sam Reid - Wells Fargo
Operator
Good day, and welcome to the Pool Corporation Second Quarter 2024 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's remarks, there will be opportunity to ask question. [Operator Instructions] Please note that this event is being recorded.
I would now like to turn the conference over to Melanie Hart, Vice President and Chief Financial Officer. Please go ahead.
Melanie Hart
Welcome to our second quarter 2024 earnings conference call. Our discussion, comments and responses to questions today may include forward-looking statements, including management's outlook for 2024 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ from projected results are discussed in our 10-K.
In addition we may make references to non-GAAP financial measures in our comments. A description and reconciliation of our non-GAAP financial measures included in our press release are posted to our corporate website in the Investor Relations section. As we introduced last quarter, we have included a brief presentation on our investor website to summarize side key points for our press release and call comments. Unless otherwise stated within our prepared remarks all comparisons refer to second quarter 2024 versus second quarter of 2023
We are now ready to begin with comments from Pete Arvan, our President and CEO.
Peter Arvan
Thank you, Melanie and good morning, everyone. As we reported this morning we generated $1.8 billion in net sales during the second quarter, reflecting a solid performance in the maintenance portion of our business during the busiest time of the year. This performance showcases our crisp execution, progress on strategic initiatives and our ability to continue gaining share by providing an unmatched value proposition.
As we discussed in our June release the trends we observed in discretionary spending for new pool construction and large renovation projects and some larger discretionary items based continued economic headwinds, while the nondiscretionary demand is solid and in line with our expectations.