Slide 1: Fourth Quarter 2025 Earnings Presentation
FOURTH QUARTER 2025 EARNINGS PRESENTATION February 19, 2026
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation includes “forward-looking” statements that involve risks and uncertainties that are generally identifiable through the use of words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “should,” “will,” “may,” “outlook,” and othe
Slide 3: Q4 2025 Results at a glance
Q4 2025 Results at a glance (QTD, $ in millions) Net Sales Gross Profit $982.2 $295.7 -1% vs Q4 2024 +$5.5M vs Q4 2024 Gross Margin 30.1% +70 bps vs Q4 2024 Operating Income Diluted EPS (GAAP) $52.0 $0.85 -$8.6M vs Q4 2024 -13% vs Q4 2024 Operating Margin Diluted EPS (ex-ASU) 5.3% $0.84 -13% vs Q4 2
Slide 4: Full Year 2025 Results at a glance
FULL YEAR 2025 Results at a glance (YTD, $ in millions) Net Sales Gross Profit $5,289.4 $1,572.5 Consistent with FY 2024 -$2.9M vs FY 2024 1 Gross Margin 29.7% 1 In line with FY 2024 Operating Income Diluted EPS (GAAP) $580.2 $10.85 1 -6% vs FY 2024 1 -4% vs FY 2024 Operating Margin Diluted EPS (ex-
Slide 5: 2025 POOLCORP Sales Summary
2025 POOLCORP SALES SUMMARY QTD and YTD Sales Performance Pool Corp Q4 2025 YTD 2025 Net Sales -1% Flat Sales by State Q4 2025 YTD 2025 Horizon Q4 2025 YTD 2025 FL (1) -9% -2% Net Sales -5% -2% CA -4% -3% TX +1% -3% Europe Q4 2025 (2) YTD 2025 (2) AZ -3% Flat Net Sales +13% +5% Steady maintenance re
Slide 6: 2025 POOLCORP Sales Summary: Blue Products & End Markets
2025 POOLCORP SALES SUMMARY Blue Products & End Markets – QTD and YTD Results Product Q4 2025 YTD 2025 1 Pricing represents the primary impact on full year results as chemical volumes End Market Q4 2025 YTD 2025 Chemicals (1) -3% -1% remained steady. Commercial -4% +3% Building Materials +4% Flat 2
Slide 7: Estimated Sales Impacts
ESTIMATED SALES IMPACTS Q4 2024 Q4 2025 FY 2024 FY 2025 Sales -1% Sales Sales Flat Sales +2% Net Price +2% Net Price 4% $5.9B Price 4% $1.0B Price $5.4B $1.0B Maintenance Maintenance 2% 2% +3% +2% to $4.9B Flat $1.0B +3% +1% $4.4B 0% 0% -1% -1% -2% -1% -2% to -3% $3.9B $0.9B Commodity Weather Commod
Slide 8: Estimated Gross Margin Impacts
ESTIMATED GROSS MARGIN IMPACTS Q4 2024 Q4 2025 FY 2024 FY 2025 Gross Margin Gross Margin Gross Margin Gross Margin +70 bps Flat Supply Pricing Chain Supply Pricing Chain Product Mix(1) Customer PY Mix Import Customer Tax 29.4% Mix 30.1% 29.7% Benefit(2) 29.7% (1) Last year’s weather led to increased
Slide 9: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Net Sales & Y/Y Change % Gross Profit & Gross Margin ($ in millions) ($ in millions) $2,400 $720 $2,000 +1% $600 30.0% 30.0% -5% $1,600 -3% +1% $480 29.6% 1 29.1% $1,200 -8% -7% -4% $360 30.2% 30.1% -2% -1% 29.3% 29.4% 29.2% $800 $240 $400 $120 $0 $0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 10: Balance Sheet, Cash Flow & Capital Allocation
BALANCE SHEET, CASH FLOW & CAPITAL ALLOCATION As of and through December 31, 2025 2025 Capital Allocation ($ in millions) Net Cash from Inventory Operating +$165M and +13% Share $366M/90% of NI vs 12/31/2024 Includes a $69M income tax Reflects inflation (plus mid- Repurchases season price increases)
Slide 11: 2026 Guidance
2026 GUIDANCE 2026 Earnings Driver Expected Range Net sales + Low-single digits Inflation/pricing +1% to +2% Maintenance from installed base Slight growth New construction units Consistent with PY Renovation and remodel activity Flat to slightly up Gross margin Consistent with PY Interest expense ~$
Slide 12: Appendix
Appendix Fourth Quarter 2025 Earnings | 12
Slide 13: Reconciliations of non-GAAP financial measures: Diluted EPS
APPENDIX Reconciliations of non-GAAP financial measures Three Months Ended Year Ended Reconciliation of Reported Diluted EPS to Adjusted Diluted EPS December 31, December 31, 2025 2024 2025 2024 Diluted EPS $ 0.85 $0.98 $10.85 $11.30 Less: ASU 2016-09 tax benefit 0.01 0.01 0.12 0.23 Adjusted Diluted
Slide 14: Reconciliation of Net Income to Adjusted EBITDA
APPENDIX Reconciliations of non-GAAP financial measures Year Ended December 31, Reconciliation of Net Income to Adjusted EBITDA 2025 2024 Net income ($ in thousands) $ 406,404 $ 434,325 Adjustments to increase (decrease) net income: Interest and other non-operating expenses(1) 47,262 50,032 Provisio