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. designs, manufactures and markets in-ground residential swimming pools, pool covers and liners across North America, Australia and New Zealand. Company news commonly covers quarterly results by product line, sales trends in in-ground pools, covers and liners, margin performance, debt leverage and annual guidance.
Recurring updates also address fiberglass and vinyl liner pool adoption, automatic safety covers, lean manufacturing and value engineering initiatives, growth in Sand States markets, and completed acquisitions such as Freedom Pools. Latham also announces consumer safety campaigns and swimming-related sponsorships tied to its residential pool and accessory portfolio.
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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