Latham Group, Inc. Stock Price, News & Analysis

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.

Latham Group, Inc. (NASDAQ:SWIM), a leading designer and manufacturer of in-ground residential pools, has announced the appointment of Frank J. Dellaquila as a new independent member of its Board of Directors and Chair of the Audit Committee. Dellaquila, who replaces the retiring Robert D. Evans, brings extensive financial expertise from his tenure as CFO of Emerson Electric Co. from 2009 to 2023.

Dellaquila's background includes significant roles at Emerson, General Electric, and Joseph E. Seagram and Sons, Inc. He currently serves on the boards of Reliance, Inc. and FM, Inc. Latham's Chairman, James C. Cline, expressed confidence that Dellaquila's experience in supporting transformative growth and knowledge of advanced technologies will benefit Latham's initiatives in fiberglass pools, automatic safety covers, and manufacturing efficiencies.

Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, has announced its upcoming third quarter 2024 earnings release. The company will disclose its financial results on Tuesday, November 5, 2024, after the U.S. market closes. A conference call to discuss the results is scheduled for the same day at 4:30 PM Eastern Time.

Participants are encouraged to pre-register for the call via a provided link. Pre-registered callers will receive a confirmation email with access details. Registration is available up to and after the call start time. A live audio webcast of the conference call will be accessible on the company's investor relations website. For those unable to pre-register or access the internet, dial-in numbers are provided for both domestic and international callers.

Latham Group, Inc. [NYSE:SWIM], a leading in-ground residential swimming pool manufacturer, has partnered with L.C. Williams & Associates (LCWA) as its public relations agency of record. This strategic move aims to boost Latham's brand visibility and reinforce its industry leadership. LCWA, a top-ranked agency in home/housewares and building products, will oversee media relations, thought leadership, and brand storytelling.

Latham's CEO, Scott Rajeski, emphasized LCWA's expertise in driving awareness for fiberglass pools and automatic safety covers. The company offers a range of products including fiberglass and vinyl liner pools, plunge pools, and safety covers. LCWA's President, Kim Blazek Dahlborn, expressed enthusiasm about amplifying Latham's brand story and supporting its growth objectives. PR initiatives are already underway, with expanded activities planned for 2025.

Latham Group, the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, has announced its participation in an upcoming investor conference. Scott Rajeski, President and CEO, and Oliver Gloe, CFO, will host investor meetings at the Barclays 8th Annual Building & Building Products Conference on August 14, 2024.

The event will take place at Barclays' offices in New York, NY. This conference provides an opportunity for Latham Group to engage with investors and showcase its position in the swimming pool industry. As the largest player in its market, Latham Group's participation in such events can be significant for investors interested in the construction and home improvement sectors.

Latham Group (Nasdaq: SWIM), the largest designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, has acquired Coverstar Central, its exclusive automatic safety cover dealer in 29 states. The all-cash transaction, completed on August 2, 2024, is expected to be immediately accretive to earnings.

Coverstar Central, headquartered in Indianapolis, is the largest automatic safety cover dealer and service provider in the U.S., operating six regional distribution and service centers. This acquisition aligns with Latham's strategic priorities, aiming to accelerate growth and adoption of automatic safety covers. The vertical integration is expected to result in expanded Adjusted EBITDA margins.

Latham also sees opportunities to leverage Coverstar Central's relationships with pool builders to increase awareness and conversion to fiberglass pools. The company plans to continue working with its other dealers in the remaining 21 states and Canada.