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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Armstrong World Industries

SWIM vs. AWI: Which Stock Is the Better Value Option?

LATHAM, N.Y., April 21, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or "the Company") (Nasdaq: SWIM), the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced that its fiberglass facility in Odessa, Texas was affected by a fire. No employees were present at the time of the incident, and no one was injured.

Latham Group, Inc. Provides Updates on Facility Fire in Odessa, Texas

LATHAM, N.Y., April 21, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or "the Company") (Nasdaq: SWIM), 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 first quarter fiscal 2022 before the market opens on May 12, 2022. The company will hold a conference call to discuss the results that same day at 9:00 a.m. Eastern Time.

Latham Group, Inc. Announces First Quarter Fiscal 2022 Earnings Release and Conference Call Date

The average of price targets set by Wall Street analysts indicates a potential upside of 121.2% in Latham Group (SWIM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 121% Upside in Latham Group (SWIM): Can the Stock Really Move This High?

Latham loses money, but its sales are going like gangbusters.

Why Latham Group Stock Popped Today

Latham Group, Inc. (SWIM) CEO Scott Rajeski on Q4 2021 Results - Earnings Call Transcript

Company Achieves 12 th Consecutive Year of Net Sales and Adjusted EBITDA Growth and Adjusted EBITDA Margin Expansion 1

Latham Group, Inc. Reports Fourth Quarter and Full Year Fiscal 2021 Financial Results

Latham Group (SWIM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Latham Group (SWIM) Ahead of Earnings?

New Facility Will Be Company's Largest Fiberglass Plant and Serve the Eastern Canadian Market, Northeast and Upper Midwest of the United States New Facility Will Be Company's Largest Fiberglass Plant and Serve the Eastern Canadian Market, Northeast and Upper Midwest of the United States

Latham Group, Inc. Expands to Loyalist Township in Canada with New Fiberglass Manufacturing Plant

NEW YORK, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Latham, The Pool Company (“Latham” or “the Company”) (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced the appointment of Sanjeev Bahl as Chief Operating Officer, effective January 24, 2022. In this role, Bahl will lead Latham's Global operations organization, overseeing all manufacturing, supply chain, EHS, quality, and engineering.

Latham, The Pool Company Appoints Sanjeev Bahl as Chief Operating Officer

LATHAM, N.Y., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or the “Company”) (Nasdaq: SWIM) today announced the pricing of a public offering of 12,000,000 shares of its common stock at a public price of $19.50 per share. Latham has also granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of its common stock at the offering price of 19.50 per share, less underwriting discounts and commissions. The offering is expected to close on January 11, 2022, subject to customary closing conditions.

Latham Group, Inc. Announces Pricing of Public Offering of Shares of its Common Stock

LATHAM, N.Y., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or the “Company”) (Nasdaq: SWIM), today announced the commencement of a public offering of 12,000,000 shares of its common stock. Latham also intends to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock.

Latham Group, Inc. Announces Commencement of Public Offering of Shares of its Common Stock

LATHAM, N.Y., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Latham Group, Inc. (NASDAQ: SWIM) (“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 management will host virtual investor meetings at the Truist Securities 3rd Annual Industrials and Services Summit on December 7, 2021. There will be no formal presentation or webcast at this event.

Latham Group, Inc. Announces Participation in Truist Securities Industrials and Services Summit

Barclays analyst Matthew Bouley raised the price target on Latham Group Inc (NASDAQ:SWIM) to $30 (an upside of 17%) from $26 and maintained an Overweight rating on the shares. Bouley views the acquisition of Radiant Pools as an "attractive complementary tuck-in," with opportunity to drive" geographic expansion alongside a similarly dealer-focused go-to-market strategy.

Barclays, Baird Raise Latham Price Target Complementing Radiant Pools Acquisition

Latham Group Inc (NASDAQ: SWIM) has acquired Radiant Pools for ~$90 million, expanding its product portfolio into vinyl-lined, aluminum-walled swimming pools. Radiant Pools uses patented technology derived from aerospace engineering to make structurally insulated wall panels.

Latham Acquires Radiant Pools For $90M

Complements Latham's Existing Portfolio and Expands Its Addressable Market Complements Latham's Existing Portfolio and Expands Its Addressable Market

Latham Group, Inc. Announces the Acquisition of Radiant Pools

Latham Group, Inc. (SWIM) CEO Scott Rajeski on Q3 2021 Results - Earnings Call Transcript

BofA analyst Rafe Jadrosich upgraded Latham Group Inc (NASDAQ:SWIM) to Buy from Neutral and raised the price target to $27 (an upside of 23%), from $18. Jadrosich was concerned heading into the Q3 report that rising input costs and resin shortages would linger into 2022, but he now expects resin availability to improve sequentially and is raising his 2022 revenue growth forecast "significantly" to 25% year-over-year from 13% previously.

BofA Turns Bullish On Latham Group; Barclays, Keybanc Ticks Up Price Target

Record Third Quarter Year-Over-Year Net Sales Growth of 27%  Reflects Strong Consumer Demand as Homeowners Continue to Invest in the Backyard

Latham Group, Inc. Reports Third Quarter Fiscal 2021 Financial Results

The company's growth may surprise investors when it reports in November.

Why Shares in Swimming Pool Company Latham Group Are Surging This Week

LATHAM, N.Y., Oct. 21, 2021 (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 of its fiscal year 2021 before the market opens on November 10, 2021. The company will hold a conference call to discuss the results that same day at 9:00 a.m. Eastern Time.

Latham Group, Inc. Announces Third Quarter Fiscal 2021 Earnings Release and Conference Call Date

Barclays analyst Matthew Bouley lowered Latham Group Inc's (NASDAQ:SWIM) price target to $23 (implying an upside of 75%) from $37 and maintained an Overweight rating on the shares.  Bouley continues to prefer homebuilders to build products broadly, with companies in both subsectors "facing tempered expectations into earnings, but with builders having greater potential for upside revisions to FY'22.

Analysts Slash Latham Group's Price Target, Still See Upside

LATHAM, N.Y., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Latham Group, Inc. (NASDAQ: SWIM) (“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 its participation in the following investor conferences:

Latham Group, Inc. Announces Upcoming Conference Participation

Latham Group, Inc. (SWIM) CEO Scott Rajeski on Q2 2021 Results - Earnings Call Transcript

Second Quarter Year-Over-Year Net Sales Growth of 60.3% Driven by Consumer Demand

News for Latham Group Stock (SWIM)