Pool Corp. (Nasdaq: POOL), Covington, LA, reported sales for the full year 2014 of $2.3 billion, an increase of 8 percent from the prior year and a record high for the company. Profit increased 14 percent to $110.7 million.
Fourth-quarter sales were $376.4 million, an increase of 10 percent from the same period a year ago. The company reported a loss for the fourth quarter of $2.2 million, compared to year-ago loss of $5 million.
"Our base business results showed sustained growth as we continued to gain share by providing progressively more value and better service to our customers and suppliers," said Manuel Perez de la Mesa, president and CEO. "Additionally, we expanded our presence globally and broadened our product base, strengthening our capabilities in areas we expect will deliver unique long-term value."
