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, Inc. (Nasdaq: SWIM) reported a 14.3% year-over-year increase in net sales for Q2 2022, reaching $206.8 million. The company returned to profitability with a net income of $4.3 million, compared to a loss of $53.6 million in the same quarter last year. Adjusted EBITDA rose 13.5% to $48.7 million, marking a 23.5% margin. Six-month net sales increased by 20.9% year-over-year to $398.4 million. Despite growth, Latham revised its 2022 guidance due to weaker in-ground pool sales driven by macroeconomic factors. The company has $85 million remaining under its share repurchase authorization.
Latham Group, Inc. (Nasdaq: SWIM) announced the appointment of Patrick Sheller as General Counsel and Secretary effective August 8, 2022. Sheller will oversee global legal operations, corporate compliance, and environmental, social & governance initiatives. His extensive background includes roles at Mauser Packaging, Mead Johnson Nutrition, and Eastman Kodak, as well as advising public companies on corporate governance. Latham's President and CEO, Scott Rajeski, expressed confidence in Sheller's ability to contribute to the company's growth and success.
Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, will release its fiscal Q2 2022 financial results on August 11, 2022. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results. Participants are encouraged to pre-register or dial in to access the call. The company operates over 30 facilities with more than 2,000 employees and aims to provide insights into its operational performance in this upcoming discussion.
Latham Group, Inc. (Nasdaq: SWIM), a leading designer and manufacturer of in-ground residential swimming pools, has released its inaugural Environmental, Social, and Governance (ESG) Report. This report marks a significant step in Latham's commitment to sustainability and transparency. CEO Scott Rajeski emphasized the importance of ESG in their strategy. The report was developed with independent consultants and aligns with global reporting standards like SASB and GRI. Stakeholders can find the report on Latham's investor relations website, highlighting the company's proactive approach towards managing ESG risks and opportunities.
Latham Group, Inc. (Nasdaq: SWIM) announces the retirement of Mark Borseth as Chief Financial Officer, effective December 2022. Robert Masson, with nearly 20 years in finance across various industries, will take over the role on July 11, 2022. Masson previously served as CFO at Hypertherm, Inc. and has a strong finance background from Raytheon. Borseth will remain as a strategic advisor during the transition. The leadership change aims to support Latham's growth in the pool industry, leveraging Masson's expertise.
Latham Group, Inc. (Nasdaq: SWIM), the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, will participate in two upcoming investor conferences. The first is the KeyBanc Capital Markets Industrial & Basic Materials Conference on June 1, 2022, in Boston, MA. The second is the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, in Chicago, IL, where the presentation is scheduled for 2:40 PM CT. Live webcasts will be available on the company’s investor relations website.
Latham Group (Nasdaq: SWIM) reported a 28.8% year-over-year increase in net sales for Q1 2022, totaling $191.6 million. Despite this surge, the company faced a net loss of $2.8 million, a drop from a net income of $8.5 million in the prior year. Adjusted EBITDA rose 43.1% to $48.0 million, with a margin of 25.0%. The company reaffirms its fiscal 2022 guidance, projecting net sales between $850 million and $880 million. A $100 million share repurchase program was also announced to enhance shareholder value.
Latham Group, Inc. (Nasdaq: SWIM) announced that its Odessa, Texas fiberglass manufacturing facility was affected by a fire, causing a pause in production and pool deliveries. Fortunately, no injuries were reported, and existing inventory remains largely unaffected. The company is exploring alternative resource allocation to minimize customer impact. CEO Scott Rajeski expressed gratitude to the local fire crews and reinforced Latham's commitment to employee safety and operational continuity. Latham is the largest in-ground residential swimming pool manufacturer in North America, Australia, and New Zealand.
Latham Group, Inc. (Nasdaq: SWIM), a leading manufacturer of in-ground residential swimming pools, will release its Q1 fiscal 2022 financial results on May 12, 2022, before market open. A conference call to discuss the results will follow at 9:00 a.m. ET that same day. Participants are encouraged to pre-register for the call to receive access details. Investors and analysts can access a live webcast of the call through the company's investor relations website. Latham operates over 30 facilities with a workforce exceeding 2,000 employees.
Latham Group, Inc. (Nasdaq: SWIM) reported its fourth quarter and full fiscal year 2021 results, achieving record net sales growth of 24.1% to $138.9 million in Q4 and a 56.3% increase to $630.5 million for the year. The net loss for Q4 was $6.0 million, while the full year loss ballooned to $62.3 million, primarily due to stock-based compensation expenses. However, adjusted EBITDA rose 56.5% in Q4 to $27.3 million and 66.8% for the year to $139.8 million. Looking ahead, Latham forecasts 2022 net sales between $850 million and $880 million, driven by strong consumer demand.
FAQ
What is the current stock price of Latham Group (SWIM)?
What is the market cap of Latham Group (SWIM)?
What is the core business of Latham Group, Inc.?
What types of pools does Latham specialize in?
How does Latham Group incorporate technological innovation?
What strategic initiatives support Latham's market position?
Who are the primary customers of Latham Group?
How does Latham Group differentiate itself from competitors?
What role do acquisitions play in Latham's business strategy?
