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) 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.
Latham Group, Inc. announced the closing of its initial public offering (IPO) on April 27, 2021, of 20,000,000 shares at $19.00 each, raising approximately $437 million in gross proceeds. The underwriters exercised an option to buy an additional 3,000,000 shares, completing a total offering of 23,000,000 shares. Funds from the IPO will be used to reduce debt, purchase stock from principal stockholders, and cover offering-related expenses. The shares began trading on the Nasdaq under the ticker symbol 'SWIM' on April 23, 2021.
Latham Group announced its initial public offering (IPO) pricing of 20 million shares at $19 each. As the leading designer and manufacturer of in-ground residential pools in North America, Australia, and New Zealand, Latham plans to utilize the proceeds to repay debts and acquire shares from principal stockholders. The underwriters have an option for an additional 3 million shares. Trading is set to begin on Nasdaq on April 23, 2021, under the ticker symbol “SWIM,” and the offering is expected to close on April 27, 2021.
Latham Group, Inc. has initiated a roadshow for its proposed IPO, targeting 20,000,000 shares at an anticipated price of $19.00 to $21.00 each. As the largest in-ground residential swimming pool designer and manufacturer in North America, Australia, and New Zealand, Latham aims to list on Nasdaq under the symbol 'SWIM.' Proceeds from the offering will be utilized to reduce debt, acquire shares from principal stockholders and a non-executive employee, and cover offering costs. The offering is contingent on market conditions, with a 30-day option for underwriters to purchase an additional 3,000,000 shares.
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?
