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.
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Latham Group, Inc., a leading designer and manufacturer of in-ground residential swimming pools, announced the release of its financial results for Q1 fiscal 2023, scheduled for May 9, 2023, before market opening. A conference call to discuss these results will take place the same day at 9:00 a.m. Eastern Time. Participants can pre-register for the call to ensure streamlined access and receive a conference passcode. Latham Group operates across North America, Australia, and New Zealand, employing over 2,000 individuals at more than 30 locations. The company is poised to share critical financial metrics and insights that will inform investors on its performance and outlook.
Latham Group, Inc. has appointed DeLu Jackson, the current Executive Vice President and Chief Marketing Officer of ADT, to its Board of Directors, effective March 30, 2023. Jackson brings over 20 years of marketing experience across renowned brands, enhancing Latham's focus on digital initiatives. Additionally, Brian Pratt joins the Board, replacing Dane Derbyshire, who has stepped down. Pratt's experience in financial and operational matters supports Latham's growth strategy. With these changes, Latham maintains a robust independent board, set to further capitalize on consumer demand in the fiberglass pool market.
Latham Group, Inc. (Nasdaq: SWIM) announced its fourth quarter and full fiscal year 2022 results, revealing net sales of $107.9 million in Q4, down 22.3% year-over-year, and a net loss of $19.0 million. For the full year, net sales reached $695.7 million, a 10.4% increase, with an adjusted EBITDA of $143.3 million, up 2.5%. The company's outlook for FY 2023 predicts net sales between $565 million and $615 million and adjusted EBITDA of $90 million to $110 million, amid challenges in consumer demand and inventory normalization. The company continues to execute cost reduction initiatives and invest in its fiberglass manufacturing capacity.