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Highlights ● POOLCORPⓇ ● FOR IMMEDIATE RELEASE POOL CORPORATION REPORTS RECORD SECOND QUARTER RESULTS AND INCREASES 2021 EARNINGS GUIDANCE Exhibit 99.1 Record net sales for Q2 2021 with overall growth of 40 % and 32 % growth in base business Q2 2021 operating income of $ 338.6 million , up 64 % from Q2 2020 with a 280 basis point improvement in operating margin Q2 2021 diluted EPS increase of 65 % to a record $ 6.37 or an increase of 66 % to $ 6.18 , excluding tax benefits in both periods 2021 earnings guidance increased to $ 13.75 - $ 14.25 per diluted share from previous $ 11.85 - $ 12.60 range COVINGTON , LA . ( July 22 , 2021 ) - Pool Corporation ( Nasdaq / GSM : POOL ) today reported record results for the second quarter of 2021 and increased 202 earnings guidance . " I am thrilled to announce that we , again , achieved spectacular results this quarter . Demand remains high , and paired with our team's outstanding execution , business thrived . Through our supply chain management discipline and our capacity creation initiatives , we yielded exceptional improvement in both gross margin and operating margin during the quarter . As part of our strategic growth initiatives , we continued to add to our network through new sales center openings and two acquisitions that closed in the second quarter . Our employees remain committed to providing unmatched service to our customers while leveraging our network and executing on our expense management strategies in the latter half of the year , " commented Peter D. Arvan , president and CEO . In the second quarter of 2021 , net sales increased 40 % to a record $ 1.79 billion compared to $ 1.28 billion in the second quarter of 2020 , while base business sales grew 32 % . Households continued to invest in outdoor living spaces , contributing to the robust demand for our products . We observed sales gains across nearly all product categories and geographies reflecting strong growth in maintenance , replacement , refurbishment and construction activity among our customers . Gross profit increased 48 % to a record $ 551.7 million in the second quarter of 2021 from $ 373.5 million in the same period of 2020. Base business gross profit improved 41 % over the second quarter of 2020. Gross margin increased 170 basis points to 30.9 % in the second quarter of 2021 compared to 29.2 % in the second quarter of 2020 while base business gross margin increased 200 basis points , primarily driven by benefits from focused supply chain management initiatives . Selling and administrative expenses ( operating expenses ) increased 27 % to $ 213.1 million in the second quarter of 2021 compared to $ 167.6 million in the second quarter of 2020 , while base business operating expenses grew 18 % , primarily due to growth - driven labor , facility and freight costs , along with increased investments in technology and higher performance - based compensation expense . As a percentage of net sales , operating expenses decreased to 11.9 % in the second quarter of 2021 compared to 13.1 % in the same period of 2020 as we continue to exercise strong expense control . Operating income in the second quarter of 2021 increased 64 % to $ 338.6 million compared to $ 205.9 million in the same period in 2020 with acquisitions contributing $ 11.0 million to operating income in the second quarter of 2021. Operating margin was 18.9 % in the second quarter of 2021 compared to 16.1 % in the second quarter of 2020 while base business operating margin was 19.4 % , up 330 basis points from the prior year period . We recorded a $ 7.7 million , or $ 0.19 per diluted share , tax benefit from Accounting Standards Update ( ASU ) 2016-09 , Improvements to Employee Share - Basea Payment Accounting , in the quarter ended June 30 , 2021 , compared to a tax benefit of $ 6.2 million , or $ 0.15 per diluted share , realized in the same period of 2020 .