Welcome to our dedicated page for Latham Group news (Ticker: SWIM), a resource for investors and traders seeking the latest updates and insights on Latham Group stock.
Company Overview
Latham Group, Inc. (Nasdaq: SWIM) stands as the largest designer, manufacturer, and marketer of in-ground residential swimming pools and essential pool components across North America, Australia, and New Zealand. With a history spanning over six decades, the company has built a strong reputation by transforming backyards into versatile outdoor living spaces through the integration of innovative pool designs and state-of-the-art manufacturing techniques.
Core Business and Product Offering
Focusing primarily on the production of premium fiberglass pools and vinyl liner pools, Latham Group offers homeowners an extensive array of pool sizes, shapes, and customizable options. This diverse product portfolio enables homeowners and pool dealers alike to tailor products to individual tastes and varying outdoor spaces. In addition to the pools themselves, the company delivers complementary products such as automatic safety covers, pool liners, and advanced digital measurement tools. These products not only enhance safety and cost savings on heating and chemical usage, but they also underscore Latham’s commitment to combining safety with superior design.
Innovation and Technological Advancements
Latham Group is synonymous with innovation in the pool manufacturing sector. The company has continually integrated digital transformation initiatives that improve the overall consumer experience. One notable advancement is its proprietary AI-powered measurement system, "Measure by Latham," which assists dealers in quickly delivering accurate pool cover and liner solutions. Additionally, products like The Attendant, a cloud-based automation system, empower homeowners by automatically regulating pool temperature and water chemistry, thereby reducing operating costs and enhancing convenience. These technological initiatives not only streamline production and installation processes but also support the long-term sustainability of pool ownership.
Operational Excellence and Lean Manufacturing
Efficiency is a cornerstone of Latham Group's operational strategy. The company deploys lean manufacturing and value engineering practices that help reduce production costs, improve material utilization, and boost labor productivity. These initiatives allow Latham to maintain best-in-class quality while navigating volatile market conditions. Its ability to rapidly adapt to shifts in consumer demand and market constraints is a testament to its robust internal controls and cost containment programs.
Market Position and Competitive Landscape
Operating in a niche yet expansive market, Latham Group has established a trusted brand among homeowners and pool professionals alike. The company’s dominant market share in the fiberglass pool segment is anchored by the inherent advantages of its products—namely, swift installation, cost-effectiveness, and eco-friendly attributes compared to traditional concrete pools. Latham’s strategic acquisition of partners such as Coverstar Central further enhances its market presence, enabling greater control over its distribution network and support systems. By aligning with seasoned professionals and leveraging vertical integration, the company differentiates itself in a competitive landscape and reinforces its commitment to quality and innovation.
Dealer Network and Customer Commitment
Latham Group emphasizes strong collaborative relationships with its dealer network, which spans coast to coast. This expansive partnership ecosystem ensures that professional pool builders and spa experts have access to comprehensive product lines and industry-leading support. The company’s dedication to customer-centric service is reflected in its consistent investments in sales, marketing initiatives, and digital tools that facilitate an enhanced buying process. Such commitment not only supports market expansion but also builds lasting trust among consumers and service professionals.
Portfolio Expansion and Strategic Acquisitions
In its pursuit of long-term growth, Latham Group has strategically expanded its portfolio through targeted acquisitions and product line extensions. An important milestone was the integration of Coverstar Central, a leader in automatic safety covers, which has strengthened the company's value chain and bolstered its competitive positioning in key regions of the United States. This vertical integration strategy allows Latham to realize improved margins and streamlined service delivery, enabling the company to capitalize on cross-selling opportunities across its extensive product range.
Industry Impact and Value Proposition
The fundamental value proposition of Latham Group lies in its ability to enrich the homeowner experience by offering innovative, high-quality pool solutions that meet the evolving demands of outdoor living. Its emphasis on superior design, rapid installation, and energy-efficient products ensures that its offerings remain relevant even in fluctuating market conditions. Through continuous improvement, strategic investments in technology, and robust operational practices, Latham sustains a leadership position in a market that is as dynamic as it is competitive.
Conclusion
Overall, Latham Group, Inc. exemplifies a blend of tradition and modernity, leveraging decades of experience to continually innovate and lead in the pool manufacturing and marketing space. With a diversified product portfolio, a strong dealer network, and a commitment to operational excellence, the company successfully balances cost efficiency with premium quality. For investors and industry analysts, Latham remains a compelling case study in how strategic alignment, technological innovation, and customer-oriented service can converge to redefine an industry standard.
Latham Group (NASDAQ: SWIM) reported its Q4 and full year 2024 financial results, demonstrating market outperformance despite challenging conditions. The company's in-ground pool sales exceeded the U.S. pool market performance, with fiberglass pools representing 75% of sales, up from 73% in 2023.
For full year 2024, Latham reported net sales of $508.5 million (down 10.2% YoY), net loss of $17.9 million ($0.15 per diluted share), and Adjusted EBITDA of $80.2 million (15.8% margin). The company maintained strong cash position of $56.4 million after completing the Coverstar Central acquisition ($65 million) and debt repayment ($21 million).
For 2025 guidance, Latham anticipates 8% sales growth and 19% growth in Adjusted EBITDA at the midpoints, driven by market share gains in fiberglass pools and benefits from the Coverstar Central acquisition. The company expects U.S. pool starts in 2025 to remain at 2024 levels.
Latham Group (Nasdaq: SWIM), North America, Australia, and New Zealand's largest designer, manufacturer, and marketer of in-ground residential swimming pools, has scheduled its Q4 and full year 2024 earnings release for March 4, 2025, after U.S. market close.
The company will host a conference call at 4:30 PM Eastern Time on the same day. Participants can pre-register through a provided link to receive immediate access credentials. The call will be accessible via toll-free (1-833-953-2435) and international (1-412-317-5764) dial-in numbers. A live audio webcast will be available on the company's investor relations website, with an archived version accessible until March 4, 2026.
Latham, North America's largest residential swimming pool manufacturer, has revealed five key pool trends for 2025. The trends include: evolving color schemes favoring dark blues and continuous patterns; growing adoption of fiberglass pools for their durability and low maintenance; rising popularity of compact plunge pools; increased demand for pool/spa combinations; and advanced pool automation technologies.
CEO Scott Rajeski highlighted the industry's shift toward efficiency, convenience, and design. Notable innovations include The Attendant, Latham's cloud-based smart pool monitor, and automatic safety covers for enhanced safety and cost savings. Fiberglass pools are gaining traction due to their quick installation (2-3 days) and reduced maintenance requirements compared to concrete or gunite pools.
Latham Group (NASDAQ:SWIM), the largest designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, has won the 'Most Innovative Product for Retailers' award at the 2024 International Pool Spa Patio Expo for its new line of Latham Plunge Pools.
The new collection, launched at IPSPE Dallas, features two fiberglass models and four vinyl liner configurations with customizable features. These compact pools are designed for efficient installation, energy savings, and easy maintenance, suitable for both small and large backyards. The award was determined through peer voting, recognizing products that impact safety, sustainability, and efficiency in the outdoor living industry.
Latham Group (NASDAQ:SWIM), the largest designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, has released its 2023 ESG Report highlighting significant environmental and operational improvements. The company achieved a 50% reduction in fiberglass pool production waste compared to 2022 and implemented energy-efficient measures across facilities.
Key achievements include expanded LED lighting implementation in fiberglass facilities, adoption of acetone alternatives, and extended Regenerative Thermal Oxidizer technology to reduce emissions. On the social front, Latham reported a 45% reduction in employee turnover since 2021 and maintained a 20% representation of underrepresented minorities in its U.S. workforce. The company also strengthened its governance framework with updated Code of Conduct and Human Rights Policy, achieving 100% employee completion of ethics and compliance training.
Latham Group, North America's leading designer and manufacturer of in-ground residential swimming pools, has announced its participation in the upcoming Wolfe December Small Group/1x1 Conference. The virtual event, scheduled for Tuesday, December 10, will feature Scott Rajeski, President and CEO, and Oliver Gloe, CFO, who will conduct investor meetings. The company, which also operates in Australia and New Zealand, maintains its position as the largest player in the residential pool market across these regions.
Latham Group [NYSE:SWIM] has launched an AI-powered measuring technology update for vinyl pool liners through its Measure by Latham Pools system. The technology, which previously measured safety covers, now includes liner measurements using HD camera and LiDAR laser technology. The system allows a single technician to measure an entire pool perimeter and features in under 30 minutes, with turnaround times up to 3x faster than traditional methods. The system includes an M1 scanner, tripod, iPad Air, and other components, integrating with Latham's Builder Management Portal for streamlined project management.
Latham Group, Inc. [NYSE:SWIM] has unveiled a new collection of plunge pools at the International Pool, Spa, & Patio Expo in Dallas. The collection features both fiberglass and vinyl liner options, including six designs suitable for various backyard sizes. The fiberglass models, Milan (10'x16') and Enchantment (9'x17'), offer luxury features, while the Calypso vinyl liner series (8'x16') provides flexible installation options. Additionally, Latham introduced four new full-sized fiberglass pools to its Latham Grand collection. All pools come with customizable features like tanning ledges, LED lighting, and autocovers, backed by a lifetime warranty.
Latham Group, the leading designer and manufacturer of in-ground residential swimming pools across North America, Australia, and New Zealand, has announced its participation in the Baird 2024 Global Industrial Conference. President and CEO Scott Rajeski and CFO Oliver Gloe will lead a fireside chat at 12:00pm CT on Wednesday, November 13, at the Ritz-Carlton Chicago. The management team will also conduct investor meetings throughout the day.
Latham Group (NASDAQ: SWIM) reported Q3 2024 financial results with net sales of $150.5 million, down 6.4% year-over-year, and net income of $5.9 million. The company achieved an Adjusted EBITDA of $29.8 million with a 19.8% margin. Despite challenging industry conditions, fiberglass pool sales showed strength, tracking to reach approximately 75% of total in-ground pool sales in 2024. The company narrowed its FY2024 guidance to net sales of $500-510 million and Adjusted EBITDA of $77-83 million. The acquisition of Coverstar Central in August contributed to expanded gross margins and strategic growth.
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