| SCP Pool Corporation is the world’s
largest wholesale distributor of swimming pool supplies and related
equipment. The Company has over 2,300 employees supporting the distribution
of more than 60,000 national brand and private label products to over
45,000 customers. SCP’s customer base is comprised primarily
of pool builders, pool service professionals, and pool specialty retailers
- all providing products and services to existing and potential swimming
pool owners. |
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In 2002, SCP Pool Corporation’s
sales grew 15% to a record $983.2 million with gross profit increasing
16% to $255.5 million. Operating income increased 14% to $72.7
million, or 7.4% of net sales, while net income grew 17% to $41.3 million. Earnings per share rose 22% to $1.62. Return on equity
increased to 29.1% in 2002 from 24.5% in 2001. Contributing to the
Company’s growth, SCP acquired eight service centers (net of
consolidations and one closing) and opened ten new locations to
expand its network to 185 locations.
As the leading wholesale distributor
in the swimming pool industry, SCP’s strategies are to promote
the growth of the swimming pool industry, promote the growth of
its customers’ businesses and continuously strive to operate
more effectively. By executing these strategies through exemplary
customer service and effective operations, SCP endeavors to realize
its mission of providing exceptional value to its customers and
suppliers, exceptional return to its shareholders and exceptional
opportunities for its employees.
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