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Why Summer Means Big Bucks For Companies | CNBC Marathon
CNBC Marathon explores how companies are cashing in on summer.
Over the last several decades, a growing number of Americans have chosen to spend more time and money on swimming pools. Many Americans are moving to the suburbs, migrating to warmer states and increasingly looking to make their own yards better places to spend time. Most pools can be found in California, Texas and Florida, but population growth in other Southern states is escalating the demand for pool construction and supplies. Pool Corporation, one of the largest pool supply distributers, has seen its stock price soar. Retailers and distributors such as Leslie’s and Pool Corp. are aiming to conquer the large and growing pool supply market, which offers pretty steady revenues from consumers trying to keep their pool water from turning green.
The outdoor deck is another summer staple. During the Covid-19 pandemic, Americans stuck at home started to take a hard look at their surroundings, leading to a home improvement boom. Skyrocketing demand and historically high lumber prices bear excellent fortune for a couple of publicly traded companies that make a rather humble-sounding product – fake wood decks. Two of the biggest names in this space are Trex and AZEK. Together they control 75 percent of the composite decking market.
In addition to pools and decks, about a third of Americans spend at least some time on a boat. In the landscape of recreational power sports, which includes boats, some categories have seen their fair share of struggles in recent years. But boat industry revenues have been mostly growing. Boat sales have seen a boost during Covid, but some analysts think the growth is poised to continue.
CNBC Marathon brings together the best of CNBC on YouTube.
Chapters:
00:00 Introduction
00:39 Who Makes Money From America’s Pool Obsession (Published July 2021)
16:14 Why The Fake Wood Decking Business Is Booming (Published August 2021)
30:13 Why U.S. Boat Sales Are Booming (Published July 2021)
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Why Summer Means Big Bucks For Companies | CNBC Marathon
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Private security has become a major business as companies invest more in security guards, executive protection, corporate security, surveillance technology and physical security services. CNBC’s Alex Harring goes inside Allied Universal to examine what is driving demand, how technology is reshaping the private security industry and why low pay, high turnover, training and growing responsibilities remain challenges for security guards.
Chapters:
0:00 Introduction
2:16 Inside Allied Universal
5:00 Demand for security
6:44 Labor force
Produced by: Charlotte Morabito
Reporting by: Alex Harring
Edited by: Erin Black
Camera: Mickey Todiwala
Animation: Jason Reginato, Emily Park, Alisa Stern
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images, Allied Universal
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Crime Is Falling. So Why Is Private Security Booming?
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Walter Driver, CEO of video game app company Scopely, discuss the Apple’s phone application ecosystem and how entertainment and content consumption will change on smartphones.
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Scopely CEO: Personalized Content Is ‘Next Big Stage Of Entertainment’ | CNBC
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A large number of U.S. companies have operations in Ireland, and names such as Apple, Microsoft and Pfizer appear to have taken steps to stow intellectual property in the country to reduce their effective corporate income tax rates.
Members of President Donald Trump’s administration have signaled that some of that activity should return to the states.
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UPS worked with truck-launched drone-maker Workhorse Group to demonstrate how efficient drones can be to provide delivery services.
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UPS Successfully Tests Residential Delivery With Drones | CNBC
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The technology behind bitcoin may prove as transformative as the internet. With or without cryptocurrency, blockchain looks here to stay.
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Here’s Why Every Industry Should Be Looking At Blockchain | CNBC
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