Sign in

David McGregor

Research Analyst at Longbow Research

David S. MacGregor is President, Chief Executive Officer, and Senior Analyst at Longbow Research, specializing in institutional equity research within the Industrials and Consumer sectors, covering companies such as Whirlpool, HNI Corporation, Twin Disc, Snap-on, Polaris, and Pool Corporation. He maintains a strong performance record with price targets met in approximately 81% of cases and average returns ranging from 5.7% to 9.6%, placing him in the top half of Wall Street analysts. MacGregor began his career in Cleveland during the 1990s as a sell-side analyst and co-founded Longbow Research in the early 2000s, holding leadership positions there for over two decades. He holds the CFA designation and serves as a principal of the firm, with additional professional credentials including FINRA securities licenses.

David McGregor's questions to POOL (POOL) leadership

David McGregor's questions to POOL (POOL) leadership • Q3 2025

Question

David McGregor inquired about the implications of customer mix, specifically the growing presence of larger consolidated contractors and remodel work, on longer-term margins and the levers available to offset any negative impact. He also asked for a breakdown of the 4% equipment growth, distinguishing between parts for maintenance/repair and equipment sales in the remodel segment.

Answer

President and CEO Peter Arvan views customer consolidation as an opportunity, stating that Pool Corporation's technology suite provides a competitive advantage by integrating with larger companies, enhancing efficiency, and reducing cost to serve. He clarified that the vast majority of equipment sales are for replacement business due to failed components, rather than new construction or remodel projects.

Ask Fintool Equity Research AI