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, 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.
Latham Group, Inc. (SWIM) reported strong Q2 2024 results, with significant margin expansion despite challenging industry conditions. Key highlights include:
- Net sales of $160.1 million, down 9.6% YoY
- Net income of $13.3 million, more than doubling YoY
- Adjusted EBITDA of $34.5 million, up 11.2% YoY
- Adjusted EBITDA margin expanded 400 bps to 21.5%
- Operating cash flow of $52 million in Q2
The company announced the acquisition of Coverstar Central for $64.5 million, expected to be immediately accretive. Latham increased its FY 2024 guidance, projecting net sales of $495-525 million and adjusted EBITDA of $75-85 million.
Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, has appointed Nikki Vaughan as Chief Human Resources Officer. With 25 years of global HR experience, Vaughan will lead Latham's HR organization, aligning talent strategy with business objectives.
Vaughan's career includes roles as Chief People Officer at Sedron Technologies and SVP of People at Aggreko's Rental Solutions division. She also held HR leadership positions at Hewlett-Packard and Aon Hewitt. Latham's CEO, Scott Rajeski, emphasized that attracting and retaining top talent is important for the company's future growth and success.
Latham Group (Nasdaq: SWIM) has announced two key appointments to its senior leadership team. Gail Conroy has been named Vice President of Marketing, bringing over 20 years of experience from companies like Caesarstone, LG Electronics, IRI Worldwide, and Samsung. Joshua Rickaby has been appointed Sales Director, tasked with driving fiberglass market penetration in the Sand States. Rickaby also brings over 20 years of experience, having previously served as EVP of Sales and New Product Development at Premier Franchise Management and held significant roles at Fluidra, Maytronics, and Poolrite Equipment. These strategic hires aim to enhance Latham’s branding and sales capabilities.
Latham Group, the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, will announce its Q2 2024 financial results on August 6, 2024, after the U.S. market closes. A conference call to discuss the earnings will be held the same day at 4:30 PM Eastern Time. Participants are encouraged to pre-register for the call to receive a confirmation email with a conference passcode and unique PIN for immediate access. A live audio webcast will be available on the company's investor relations website. An archived webcast will be accessible approximately two hours after the call and will remain available until August 6, 2025.
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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