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Latham Group, Inc. (Nasdaq: SWIM) is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Headquartered in Latham, NY, the company operates coast-to-coast with over 30 facilities and approximately 2,000 employees. Latham offers an extensive variety of pool sizes and shapes, with a range of customization options to transform backyards into entertainment hubs.
Latham's product portfolio includes fiberglass pools, vinyl liners, and automatic safety covers. The company leads the market with innovative products that are cost-effective, easy to install, and eco-friendly, especially fiberglass pools that are gaining more acceptance compared to traditional concrete pools.
Despite facing macroeconomic challenges, Latham has shown resilience through active cost management and strategic production adjustments. Recent financial highlights include a moderate decline in net sales due to lower pool demand, yet improved margins and EBITDA through effective cost reduction measures. Their commitment to quality and customer satisfaction has driven increased website activity and dealer engagements.
In fiscal 2023, Latham reported net sales of $566.5 million, down from $695.7 million in the previous year, primarily due to reduced pool starts and inventory destocking. However, the company's rigorous cost reduction initiatives and lean manufacturing practices have resulted in an Adjusted EBITDA of $88.0 million. Latham maintains strong liquidity with $118.1 million available, supported by disciplined inventory management.
Latham continues to innovate, launching new pool models and enhancing digital tools like the AI-powered Measure by Latham for better product customization. This positions the company well for future growth as the market stabilizes. Strategic partnerships and a robust dealer network further amplify Latham’s market presence.
Looking ahead, Latham remains focused on driving long-term growth through its unique direct-to-consumer and dealer strategies, and ongoing investment in technology and product development. The company’s ESG efforts and continuous improvement initiatives underline its commitment to sustainability and operational excellence.
Latham Group, Inc. (NASDAQ: SWIM) reported a third quarter net sales growth of 27% year-over-year, reaching $162.0 million. However, the company faced a net loss of $11.3 million, contrasting with a net income of $17.7 million in the same period last year. Adjusted EBITDA was $36.1 million, up 2.7% year-over-year, with a margin of 22.3%. For the nine months, net sales grew 68.7% to $491.6 million, but a net loss of $56.4 million was recorded, attributed to significant stock-based compensation expenses.
Latham Group, the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, is set to release its financial results for Q3 2021 on November 10, 2021, before market opening. A conference call to discuss the results will occur at 9:00 a.m. ET on the same day. Interested participants can pre-register online or dial in using provided phone numbers. Latham operates over 32 facilities and employs more than 2,000 people.
Latham Group, Inc. (NASDAQ: SWIM), the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, announced its participation in two investor conferences. The Goldman Sachs 28th Annual Global Retailing Conference is scheduled for September 10, 2021, with a fireside chat at 3:20 PM EDT featuring CEO Scott Rajeski and CFO Mark Borseth. The Morgan Stanley 9th Annual Laguna Conference will take place on September 15, 2021, at 8:15 AM EDT. Live webcasts will be available on Latham's investor relations website.
Latham Group, Inc. (NASDAQ: SWIM) posted a remarkable 60.3% year-over-year increase in net sales for Q2 2021, reaching $180.9 million. However, the company reported a net loss of $53.6 million, significantly down from a net income of $16.4 million in Q2 2020, mainly due to non-cash stock-based compensation expenses. Adjusted EBITDA rose 29.5% to $42.8 million. The company is constructing a new fiberglass pool manufacturing facility, expected to be operational by 2024. Latham also raised its full-year guidance for net sales to $600 to $620 million.
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 financial results for Q2 2021 on August 5. The results will be discussed during a conference call at 9:00 a.m. Eastern Time the same day. Participants can pre-register for the call to receive a passcode for access. A replay will be available after the call through August 19, 2021. Latham operates over 32 facilities with more than 2,000 employees nationwide.
Latham Group, Inc. has been added to the US small-cap Russell 2000® Index, effective June 28, 2021. This inclusion enhances Latham's visibility among investors and underscores its stature as the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand.
CEO Scott Rajeski expressed excitement over this milestone, noting its potential to boost shareholder value. The company operates over 32 facilities with more than 2,000 employees, further solidifying its market presence.
Latham, The Pool Company, has launched Plan Your Pool, an interactive section on its website, designed for homeowners to personalize and budget their swimming pool projects. This tool allows users to explore pool shapes, backyard requirements, and installation details, making the planning process more engaging. Additionally, it features a Pool Cost Estimator to compare pricing options. The initiative marks Latham as a leader in the industry, enhancing customer experience with innovative technology. For more information, visit www.lathampool.com.
Latham Group, Inc. (NASDAQ: SWIM) reported strong first quarter results for fiscal 2021, with net sales reaching $148.7 million, up 191% year-over-year. Net income rose to $8.5 million, contrasting a net loss of $15.5 million in the previous year. Adjusted EBITDA increased to $33.5 million, reflecting a margin of 22.5%. The growth is attributed to robust consumer demand, price increases, and expanded partnerships. The company forecasts net sales between $580 million and $620 million for the full fiscal year.
Latham Group, Inc., a leading manufacturer of in-ground residential swimming pools, is set to release its Q1 financial results for fiscal year 2021 on June 3, 2021, before the market opens. A conference call to discuss these results will follow at 9:00 a.m. ET. Participants can pre-register for the call online to receive a confirmation email with access details. A live audio webcast will also be available on the company's investor relations website.
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