Latham Group

Latham Group, Inc. operates as a designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool liners and pool covers. The company was founded on December 6, 2018 and is headquartered in Latham, NY.

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Latham Group reports resilient 2022 performance amidst market challenges

Latham Group's performance in 2022 showcased growth and resilience, with a strategic focus on innovation, cost management, and market differentiation.
While facing challenges such as macroeconomic uncertainty and seasonality, the company remains optimistic about opportunities in the pool market and its ability to outperform.
With a strong emphasis on continuous improvement and strategic investments, Latham Group is well-positioned to navigate challenges and drive sustainable growth in 2023 and beyond.

Latham Group exceeds Q1 expectations amidst sales challenges and opportunities

Latham Group's Q1 2023 performance showcased strong sales and operational efficiency, despite challenges in net sales and gross profit decline.
The company's focus on cost reduction, dealer recruitment, and product innovation positions it well for future growth and margin improvement.
Opportunities in fiberglass pool penetration, dealer optimism, and pricing strategies offer avenues for sustained success and market expansion.
Efforts to enhance lead quality, streamline operations, and adjust pricing as needed demonstrate proactive measures to navigate market dynamics.

Latham Group reports improved Q2 performance amidst market challenges

Latham Group's Q2 2023 performance showed improvement in net sales and gross margin.
While facing challenges in certain product segments, the company is actively managing costs and seizing growth opportunities.
With a strong liquidity position and ongoing cost-saving initiatives, Latham Group is poised for continued success.
Strategic focus on operational efficiency and product mix optimization will be key for future performance.

Latham Group excels in Q3, leveraging fiberglass trend amid challenges

Latham Group's Q3 performance reflects resilience and adaptability in navigating industry challenges, with a focus on innovation, cost efficiency, and market outperformance. Despite current uncertainties impacting consumer behavior, the company remains optimistic about long-term opportunities and its ability to maintain a strong balance sheet.

Latham Group reports robust earnings, eyes growth amid market challenges

Latham Group's Q4 2023 earnings call showcased strong financial performance, resilience in a challenging market, and a strategic focus on cost-saving initiatives and dealer network growth.
Despite market declines, the company's shift to fiberglass pools and efficient operations contributed to improved profitability and a strong financial position with over $100 million in cash.
While facing challenges such as an expected market decline, Latham remains confident in its ability to outperform, capitalize on opportunities, and drive long-term growth through strategic initiatives.

Latham Group (SWIM) exceeds Q1 expectations, poised for market rebound

Latham Group (SWIM) showcased strong performance in Q1 2024, exceeding guidance and maintaining financial resilience. Despite challenges in net sales and market dynamics, the company demonstrated agility and strategic focus on product innovation and dealer expansion.
With a solid balance sheet, improved gross margin, and increased adjusted EBITDA, Latham Group is well-equipped to navigate industry challenges and capitalize on growth opportunities. The company's response to dealer financing needs and pricing adjustments reflects adaptability in a changing market environment.
Looking ahead, Latham Group anticipates market rebound in the coming years and aims to leverage its strengths in product offerings, operational efficiency, and market reach. By addressing challenges and seizing opportunities, the company is poised for sustainable growth and market expansion.

Latham Group (SWIM) reports improved profitability and raises guidance for 2024

Latham Group (SWIM) showcased resilience in Q2 2024, with improved profitability despite lower sales volume. The company's strategic focus on driving awareness, acquisitions, and cost management positions it for future growth. Challenges in market conditions and pricing trends are being addressed through operational efficiencies and strategic initiatives.

Latham Group (SWIM) reports resilient Q3 performance and eyes growth opportunities

Latham Group's Q3 performance showcased strength in key segments, with a focus on innovation, cost efficiency, and strategic growth initiatives. Despite challenges from external factors, the company maintains a solid financial position and remains poised for potential demand increases in 2025.

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Latham Group, Inc. operates as a designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool liners, and pool covers. The company was founded on December 6, 2018 and is headquartered in Latham, NY.

Measure by Latham firmware update takes builders from poolside to production in minutes Measure by Latham firmware update takes builders from poolside to production in minutes

Latham Launches AI-Powered Measuring Technology for Vinyl Pool Liners

Leading pool manufacturer offers the industry's only line to include both fiberglass and vinyl liner options Leading pool manufacturer offers the industry's only line to include both fiberglass and vinyl liner options

Latham Makes a Splash With New Plunge Pool Collection

LATHAM, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that Scott Rajeski, President and Chief Executive Officer, and Oliver Gloe, Chief Financial Officer, will participate in the Baird 2024 Global Industrial Conference on Wednesday, November 13. Latham's management team will host a fireside chat at 12:00pm CT and will also host investor meetings throughout the day. This event will take place at the Ritz-Carlton Chicago in Chicago, IL.

Latham Group, Inc. to Participate in the Baird 2024 Global Industrial Conference

Latham Group, Inc. (NASDAQ:SWIM ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Casey Kotary - Investor Relations Scott Rajeski - President and Chief Executive Officer Oliver Gloe - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Andrew Carter - Stifel Tim Wojs - Baird Greg Badishkanian - Wolfe Research Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Sean Cowan - Bank of America Operator Good afternoon, and welcome to the Latham Group Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Latham Group, Inc. (SWIM) Q3 2024 Earnings Call Transcript

Latham Group (SWIM) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.

Latham Group (SWIM) Meets Q3 Earnings Estimates

In-Ground Pool Market in Line with Expectations Latham Fiberglass Pool Sales Continue to Show Relative Strength Lean Manufacturing, Value Engineering Initiatives and Improved Procurement Drive Meaningful Cost Reductions Narrows Full Year 2024 Net Sales and Adjusted EBITDA Guidance Ranges Third Quarter 2024 Financial Highlights: Net sales of $150.5 million Net income of $5.9 million / Earnings per diluted share of $0.05 Adjusted EBITDA of $29.8 million / 19.8% of Net sales Nine Months 2024 Financial Highlights: Net sales of $421.2 million Net income of $11.3 million / Earnings per diluted share of $0.10 Adjusted EBITDA of $76.6 million / 18.2% of Net sales LATHAM, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the third quarter 2024 ended September 28, 2024.

Latham Group, Inc. Reports Third Quarter 2024 Financial Results

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LATHAM, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., (NASDAQ:SWIM), the largest designer, manufacturer, and marketer of in-ground residential pools in North America, Australia, and New Zealand, today announced the appointment of seasoned financial executive Frank J. Dellaquila as a new independent member of its Board of Directors and Chair of the Company's Audit Committee, effective immediately. Mr. Dellaquila is replacing Robert D. Evans who resigned from the Board.

Latham Group Appoints New Independent Director

LATHAM, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or "the Company"), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it will release financial results for the third quarter 2024 on Tuesday, November 5, 2024, after the close of the U.S. market. The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.

Latham Group, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Date

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Latham Group (SWIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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Latham Group (SWIM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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LATHAM, N.Y., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that Scott Rajeski, President and Chief Executive Officer, and Oliver Gloe, Chief Financial Officer, will host investor meetings at the Barclays 8th Annual Building & Building Products Conference. This event will take place on August 14, 2024, at Barclays' offices in New York, NY.

Latham Group, Inc. to Participate at Upcoming Conference

Latham Group, Inc., a residential swimming pool company, saw a 41.5% surge in shares after strong Q2 financial results and increased guidance for 2024. Despite revenue declines, the company showed improvement in net income, operating cash flow, and EBITDA in the second quarter of 2024. Management's acquisition of Coverstar Central is expected to boost Latham Group's EBITDA margin and contribute positively to the company's growth.

Latham Group: It Might Be Time To Dip Your Toes In

Latham easily topped Wall Street expectations thanks to streamlining and production efficiencies. The maker of pools also acquired a safety cover distributor.

News for Latham Group Stock (SWIM)