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 North America's leading designer and manufacturer of residential inground pools, serving homeowners and professionals through innovative fiberglass solutions and smart pool technologies. This news hub provides investors and industry stakeholders with official updates on financial performance, product developments, and strategic initiatives shaping the outdoor living market.
Access timely reports on earnings announcements, leadership changes, and operational milestones alongside insights into emerging trends in pool automation and sustainable manufacturing. Key coverage areas include quarterly financial results, new product launches, dealer network expansions, and industry partnerships.
Bookmark this page for verified updates about SWIM's market leadership in fiberglass pool systems, including developments in safety covers, energy-efficient designs, and digital measurement tools. Stay informed about operational strategies that maintain Latham's position as the preferred partner for pool professionals across three continents.
Latham Group, the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, has launched 'The Attendant' in collaboration with Poolside Tech.
This smart pool automation system, designed specifically for Latham fiberglass pools, offers homeowners complete control over their pool's temperature and water chemistry via smartphone. Leveraging historical data and current weather conditions, it optimizes energy use and ensures cost savings.
The Attendant also integrates with any manufacturer's equipment, automates chemical dosing, and enhances backyard experiences with features like Spotify syncing and lighting controls. The system is available through Latham-authorized builders and can be added to existing Latham pools.
Latham Group, the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, will participate in key investor conferences. On June 4, 2024, CEO Scott Rajeski and CFO Oliver Gloe will host a fireside chat at the Stifel 2024 Cross Sector Insight Conference in Boston, MA. A live webcast and replay will be available at their investor relations site. Additionally, they will conduct investor meetings throughout the day. On June 5, 2024, Rajeski and Gloe will hold investor meetings at the William Blair 44th Annual Growth Stock Conference in Chicago, IL.
Latham Group, Inc. (Nasdaq: SWIM) reported first quarter 2024 financial results with net sales of $110.6 million, a net loss of $7.9 million, and adjusted EBITDA of $12.3 million. The company showcased strong execution, cost savings, and value engineering, benefiting from fiberglass pools' relative strength. Key initiatives included new product launches and an AI-powered measurement tool for covers and liners. Despite lower sales, Latham exceeded Q1 guidance with improved service levels. Gross margin expanded, SG&A expenses decreased, and adjusted EBITDA increased. Latham reaffirmed full year 2024 guidance with a focus on advancing fiberglass pools and automatic safety covers.
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