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.

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

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

LATHAM, N.Y., July 15, 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 second quarter of its fiscal year 2021 before the market opens on Thursday, August 5, 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 Second Quarter Fiscal 2021 Earnings Release and Conference Call Date

LATHAM, N.Y., July 12, 2021 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or “the Company”) today announced that the Company was added to the US small-cap Russell 2000 ® Index at the conclusion of the 2021 Russell Indexes annual reconstitution, effective after the U.S. market opened on June 28, 2021.

Latham Group, Inc. Joins the US small-cap Russell 2000 ® Index

Innovative section empowers consumers with tools to personalize and create custom pool designs at their fingertips Innovative section empowers consumers with tools to personalize and create custom pool designs at their fingertips

Latham, The Pool Company Launches Immersive Pool Planning Area for Customers to Digitally Design Their Dream Backyard

Latham Group, Inc. (SWIM) CEO Scott Rajeski on Q1 2021 Results - Earnings Call Transcript

Sales Growth Driven by Strong Consumer Demand Across Product Portfolio

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

LATHAM, N.Y., May 26, 2021 (GLOBE NEWSWIRE) -- Latham, The Pool Company has been awarded a Top Workplaces 2021 honor by the Albany Times Union Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

Albany Times Union Names Latham Pool Products a Winner of the Capital District Top Workplaces 2021 Award

LATHAM, N.Y., May 20, 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 first quarter of its fiscal year 2021 before the market opens on Thursday, June 3, 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 First Quarter Fiscal 2021 Earnings Release and Conference Call Date

Pool

Several stocks in the swimming pool space have gone public over the past year, while veterans in the industry continue to expand. An analyst cited the opportunity in the sector with a growing total addressable market.

Pool Stocks Make A Splash: Two Ideas From Goldman Sachs Analyst

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today that Russell Gehrett has joined the firm as a Partner and will be opening an office in New York. Prior to joining Wynnchurch, Russell was a Partner at Pamplona Capital. He joined the firm in 2012 to help grow the North American investment efforts in the business services, industrials, and consumer sectors. Mr. Gehrett has served on the Board of Directors of more

Wynnchurch Capital Announces Russell Gehrett Joining as a Partner and the Opening of a New York Office

Latham Group is the latest swimming pool play to go public. While the sector is trading at huge multiples, Latham trades at a huge premium on top of this, driven by huge guidance for the first quarter of 2021.

Latham Group - Splashing Debut

Latham Group, the latest pool company to go public, saw its shares jump in their first day of trading. The company's CEO says demand for backyard swimming pools will continue even after the pandemic.

Latham Makes a Splash in Trading Debut. Pool Demand Is Here to Stay, CEO Says.

Investors cheered Latham Group Inc.'s Wall Street debut, as in-ground residential swimming pool company's stock opened 30% above its initial public offering price. The good reception may have come as a surprise to some, as the IPO priced late Thursday at $19 a share, which was at the bottom of the expected range of between $19 and $21 a share.

Latham stock opens to investor cheers, valuing home swimming pool company at nearly $3 billion

Agiliti Inc

Impel Neuropharma

Rain Therapeutics

Treace Medical Concepts

Latham Group, Treace Medical Concepts, Impel NeuroPharma, and Rain Therapeutic are on the Nasdaq. Agiliti is on the New York Stock Exchange.

Five companies Begin Trading Friday

Latham Group Inc. is all set to go public Friday, as the New York-based in-ground residential swimming pools seller's initial public offering priced overnight, valuing the company at about $2.29 billion. The company sold 20 million shares in the IPO to raise $380 million.

Latham set to go public as IPO pricing valued swimming pool company at $2.3 billion

LATHAM, N.Y., April 22, 2021 (GLOBE NEWSWIRE) -- Latham Group, Inc. (“Latham” or the “Company”) today announced the pricing of its initial public offering of 20 million shares of its common stock at a price to the public of $19 per share. Latham is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. With an operating history that spans over 60 years, the Company offers the industry's broadest portfolio of pools and related products, including in-ground swimming pools, pool liners and pool covers.

Latham Group, Inc. Announces Pricing of Initial Public Offering

NeuroPace

UiPath

SkyWater Technology

Zymergen

There have been quite a few appealing Initial Public Offerings (IPOs) available on the market so far this year. Here are some upcoming IPOs that investors should be watching out for.

Let's Take a Look At Some Upcoming IPOs This Week

DoubleVerify Holdings

KnowBe4

This week's offerings don't have quite the same high profile as last week's highly anticipated IPO of Coinbase Global (NASDAQ: COIN). Nevertheless, there are several exciting IPOs that investors should consider this week, including UiPath and Latham Holdings.

News for Latham Group Stock (SWIM)