修订后的指引导致泳池触及8个月低点;建筑材料供应商抛售

2024-06-26 00:48

Pool (NASDAQ:POOL) on Tuesday fell as much as 11% to touch an eight-month low after the supplier of swimming pool equipment lowered its profit forecast on weaker-than-expected demand. Shares of other building suppliers also fell.
“The most recent pool permit data suggests persistently weak demand for new pool construction,” Peter Arvan, president and chief executive of Pool (POOL), said in a statement, “and with the peak selling season almost complete, we now believe that new pool construction activity could be down 15% to 20% for the year with remodel activity down as much as 15%.”
The company lowered its earnings forecast to $11.04 to $11.44 a share, down from a prior range of $13.19 to $14.19 a share. It also expects full-year sales to drop 6.5%.
Shares of Hayward Holdings (NYSE:HAYW), AZEK (NYSE:AZEK), Trex (NYSE:TREX), Fortune Brands Innovations (NYSE:FBIN), Builders FirstSource (NYSE:BLDR), JELD-WEN Holding (NYSE:JELD) and Masco (NYSE:MAS) also faced selling pressure.

More on The AZEK Company, Builders FirstSource, etc.