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.
Latham Group, Inc. (Nasdaq: SWIM) is, by its own description, the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The news flow around SWIM centers on its pool products, financial performance, and corporate developments, giving investors and observers insight into how the business is evolving within the in-ground residential pool market.
Company news often includes quarterly earnings releases, where Latham reports net sales, net income, and non-GAAP metrics such as Adjusted EBITDA and Adjusted EBITDA margin for its three product lines: in-ground swimming pools, covers, and liners. These updates typically discuss factors such as product mix, contributions from acquisitions in the cover business, and the impact of lean manufacturing and value engineering initiatives on margins.
Latham’s news also covers strategic themes that management highlights in its commentary, including efforts to increase awareness and adoption of fiberglass pools and automatic safety covers, expansion in what it calls the Sand State markets, and investments in marketing and enterprise resource planning infrastructure. The company’s releases describe how fiberglass pools and autocovers contribute to sales growth and how acquisitions, such as Coverstar businesses, support its cover segment.
In addition to financial and operational updates, SWIM news items feature corporate governance and leadership changes, such as the appointment of new board members and the planned transition to a new President and Chief Executive Officer. Latham has also reported external recognition, including being named to Newsweek’s list of America’s Greatest Companies 2025 and highlighting sustainability metrics from its ESG report.
For readers following SWIM, this news page provides a consolidated view of Latham’s earnings announcements, conference participation notices, leadership updates, and recognition, helping to track how the company describes its performance and strategic priorities over time.
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.
Latham Group, Inc. has appointed Suzan Morno-Wade to its Board of Directors effective March 31, 2021. Currently the Chief Human Resources Officer at Xerox, Morno-Wade brings 20 years of leadership experience from various global companies including Hess and General Electric. CEO Scott Rajeski highlighted her expertise in human resources, which is expected to support Latham’s growth and transformational journey as a leader in fiberglass pools. Morno-Wade expressed enthusiasm for her new role and commitment to enhancing the company's human capital strategy.
Latham Group has filed a registration statement for its initial public offering (IPO) of common stock with the SEC. The number of shares and pricing details are yet to be determined. The company aims to list its stock on Nasdaq under the ticker symbol SWIM. The offering, which depends on market conditions, may not proceed as planned. Major financial institutions including Barclays, BofA Securities, Morgan Stanley, and Goldman Sachs are set to manage the offering. The registration statement has been submitted but is not yet effective, meaning shares cannot be sold until it is approved.