We are thrilled with our financial strategies.
Las Vegas, NV (PRWEB) May 26, 2015
With the close of fiscal 2015, United Aqua Group has realized the company’s most profitable year since opening its door in 1962. Operating Income rose 50% over last year’s and net income nearly doubled. More significantly, net income was 17% higher than in 2007, UAG’s previous most profitable year and a time when economies were booming. This is a welcome triumph in light of the slow growth experienced by the pool industry after 2009.
“We are thrilled our financial strategies, “We have worked hard to overcome economic and weather challenges,” said Lee Rincon, COO of UAG. “We are thrilled our financial strategies, coupled with our members’ individual performances, have yielded such a fruitful year.”
UAG’s revenue is based on member purchases through the group. Fiscal 2015’s numbers are as much a reflection of the company’s efficient operating processes as of the success of its 260 plus members. To ensure future growth, UAG is seeking new avenues of investment that can further mitigate some of the effects of economies and weather patterns normally associated with the pool industry.
“We are diversifying. We are promoting better business practices among members. We are reaching out more to our existing dealer base. We are giving back to our communities. All these things amount to a stronger UAG—and the numbers prove it,” said Rincon.
UAG’s 2016 budget was developed with unprecedented growth in mind. Investments in real estate, securities and private equity are expected to drive larger margin returns in 2016. UAG is also committed to enhancing the member experience and taking a more strategic role in growing its membership participation in the upcoming months.
About United Aqua Group
United Aqua Group is one of the nation’s largest organizations dedicated to the professional pool construction, service and retail industry. The group is member-owned and comprised of individually operated business owners that have been selectively qualified and are committed to upholding the highest standards of integrity, quality and service in the industry. United Aqua Group manages and operates Aquatech, AquaValue and AquaCommercial, which remain the trusted brands for residential and commercial pool design, construction and retail pool products. Moreover, UAG has developed longstanding relationships with the industry’s most respected suppliers including Pentair, Biolab, Arch, Hayward and Zodiac as well as over two hundred additional manufacturers. Headquartered in Las Vegas, United Aqua Group has more than 270 members in 46 states across the country and Canada, and is widely recognized as the most prestigious and trusted organization in the industry. For more information, please visit http://www.unitedaquagroup.com.