Business
Episode Summary: Today’s special episode is the second in a new series we’re calling “News & Notes” in partnership with Pool Pro Magazine. With the NFL season kicking off soon, start things off with an interesting pool story connected to Dallas Cowboys running back Ezekiel Elliott. We talk about a couple in Virginia Beach that turns out to be the tenth of a series of customers unsatisfied with the service of a particular swimming pool contractor. We also discuss another tragic piece concerning a semi-truck carrying pool chemicals crashing into a bank building in California. Finally, we give our thoughts on over ten stories of drownings that occurred in September. Megan then goes over recent industry news, including the 2nd quarter earnings coming out for the major companies that are public and what that means for the industry as a whole. She also references a Reuters article covering why “the spot price per container on the China-U.S. East coast route- one of the world's busiest container lanes - has climbed over 550% from a year ago.” Tyler and Megan also speak on the various regulatory changes in the industry, as well as exciting new events that pool professionals can look forward to in the coming months. Finally, Megan gives an announcement on the upcoming September-October issue of Pool Pro Magazine exclusively covering the commercial side of the industry. Topics Discussed: 01:36 - An update on last episode’s news stories 03:04 - Recent notable pool-related news stories 06:45 - MCR Hotels begins charging for their amenities 08:42 - Public companies 2nd quarter earnings 12:12 - Freight has gone up 550% in the past year 14:09 - Industry standards and regulations changes 16:10 - The “Every Child a Swimmer” bill passed 17:14 - The PHTA’s new apprenticeship program 17:55 - IPSSA’s new affiliate membership 18:44 - Upcoming events for pool pros 20:05 - New movers and shakers in the industry 20:57 - Swimming in the 2020 Olympics 23:10 - Pool Pro Magazine’s September-October issue Resources Mentioned: In the News: Champlain Towers update Six Flags chemical leak update Modpools Dwell article MCR Hotels charging for amenities Ezekiel Elliot’s dog allegedly bites pool cleaner Couple wins $25,000 judgement Semi with chemicals crashes into bank DC Fire honors lifeguard Police Officer saves man Pool Industry News: 2nd Quarter Earnings (POOLCORP, Hayward, Pentair, Latham, Fluidra, Leslie’s) Freight has gone up 550% Virginia Graeme Baker (VGB) Updates Department of Energy (DOE) Updates Every Child a Swimmer Bill passed in FL PHTA Apprentice Program Upcoming Industry Events Pool Industry Expo (PIE) National Recreation and Park Association Casual Market World Aquatic Health Conference Athletic Business Show Movers and Shakers Erin Brothers to Automatic Pool Covers Rowdy Gaines to PHTA Sept/OCT Pool Pro Magazine Issue Commercial Pools Issue Connect with Guest: Episode Webpage Website Facebook Instagram Twitter Connect with Pool Chasers: Website Instagram Facebook Facebook Group Twitter YouTube Patreon Key Quotes from Episode: [The drownings this month are] just a reminder to the pool pros that we have a responsibility to do our part in promoting water safety to our clients in any way we can. ~Tyler I do not know about the stock market. I am not an expert in studying these things. But I do think it’s interesting to look at the numbers because it does give you an idea of where the industry is at and what sales are looking like and how much we’re up as an industry. And right now, everybody is up. ~Megan