Thank morning, you, Melanie, good everyone. and
during we our in this of a performance billion continue on in As the quarter, and crisp unmatched strategic the execution, showcases net gaining progress our to sales business busiest we $X.X value portion reflecting morning, providing the second year. an This by solid the proposition. initiatives reported maintenance share performance ability time of generated during our
discretionary construction some the our solid in for in we the demand based while observed nondiscretionary expectations. discretionary As and line our pool is continued and discussed trends items we new large in larger renovation June with and release, spending projects economic headwinds,
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are more Dealers reporting inbound calls.
a remain for cycle. consumers future. in the current many positive sign to hesitant pull trigger the as the economic However, this view We
we strategic extend far ability forward. and several in leadership year, future opportunity and to position of this business So excite have going our progress us drive industry our our to that made capture areas
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strategic new X So far plan. with in this year, sales we our centers line have opened
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is business strong. maintenance Our
data permit new than our are products traction, and platforms pool gaining building material better external performed suggest. software construction would and Our trends
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So full this considered we dynamic also guide. our in year
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operating a profitability of standpoint, operating $XXX.X of produced income XX.X%. an margin and we million From
network. detailed the more down year, operating you new Pinch same expenses. give a sales the Although from center in reflects from strategic XX.X% openings, period margin a Melanie and continued commentary last will Penny continuation it technology, planned of expansion our further of A on investment acquisitions
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to POOLXXX. Circling back
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grow and with Technology to is effective stronger and sales to our partnerships create source be an key a continues customers. differentiation of tool
our in X quarter and network, another acquiring We sales continue opening to strategically centers the expand X. second
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on X to independent total expanding Our quarter offerings in market, our franchise and market. the continue with dealers, retail stores. will stores, of Texas Pinch to a support our each maintenance our along new network, franchise to XXX A strategic us network reach build with capture to the ending do-it-yourself added expand provided Penny the franchise allow Continuing
outlook, guidance into to from range Taking peak in an updated and the current including diluted confirming our of are all year of benefit this estimated full $X.XX season our view $XX.XX EPS ASU. of consideration, $XX.XX, activities we
$XXX strong repurchase shareholders a somewhat million our challenging far operating share our this so total year. Even of us conditions, and to allowed flow return to cash dividends through under
year increased for reflecting During consecutive the authorization dividend XXth repurchase Board quarterly to million, marking rate $XXX to commitment to and our quarter, returns our shareholders. generating our of increased the our our X%, dividend increase
For interest Home industry most household rates and the home perspective, Pools pools Demographic sites. frequently remain period and existing population turnover. attractive support growth remainder of homeowners. of to builds, online during remains the searched terms strong. trends, new we're plan in outdoor XXXX, the formation continued remain an the strategic southern our higher From center home of values large on and all execution space long-term estate to highly focus the suppressed initiatives. living the driving one and expanded even as dynamics real our such we millennial industry migration,
over to on interest a the rate As pressured. shift we again amount when reductions the well a the build pool to up will large based feel mix unclear consumers in of for high-end new have and is consumers of indications needed appear the XXXX. timing for It year seen now, making and portion be economic less
in offering NPT with product industry, widest the automation support offerings. branded provide and latest outdoor to products the positioned unveil best aesthetics the and features to vendors our enhanced through are We living available partner our
customers create We everything the business. remain to with need tools living outdoor ready grow providing the oasis want, they help to serve while them that our support people their and to
we to be pools this new expect new be units, still to roughly lower of represents number that at a the XX,XXX forward. increase base of built installed this need Although maintained in going a year pools will X%
and remain ecosystem. in capacity maintenance industry-leading enhancing professional best digital serve do-it-yourself our We improving network relentless the launching and customer creation customer expanding to experience, and the our our
turn now Officer, for detailed commentary. our Vice Melanie to I over Chief Financial President will and her Hart, the call
