Latham Group, Inc. Stock Price, News & Analysis

Latham Group, Inc., the leading designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, will release its financial results for Q4 and fiscal year 2022 before market opening on March 7, 2023. Following the release, a conference call is scheduled for 9:00 a.m. Eastern Time to discuss these results. Interested participants can pre-register online to receive a confirmation email, including a conference passcode. A live audio webcast and related presentation materials will also be accessible on the company's investor relations website.

Latham Group, Inc. (Nasdaq: SWIM) announced the launch of two new fiberglass swimming pool models, Tuscan and Enchantment, aimed at enhancing its product lineup in 2023. These models reflect modern geometric designs and cater to a variety of consumer needs. The Tuscan pool features swim-up seating and slip-resistant steps, offering functionality and style. Meanwhile, the Enchantment model emphasizes relaxation with its resort-style splash deck and deep swimming area. Latham plans to roll out these models in the first half of 2023, further solidifying its position as the largest swimming pool designer and manufacturer in North America, Australia, and New Zealand.

Latham Group, Inc. (Nasdaq: SWIM) has launched Measure by Latham, an advanced AI-powered measuring tool designed to enhance the accuracy and efficiency of measuring swimming pool vinyl liners and safety covers. This innovative device utilizes cutting-edge 3D-awareness technology, providing dealers with precise measurements within minutes. The tool integrates seamlessly with the Latham Measure App, allowing for streamlined project management, quoting, and ordering processes. Latham aims to modernize the pool measurement landscape with this breakthrough technology, making traditional manual measuring obsolete.

Latham Group, Inc. (Nasdaq: SWIM) announced Mark Borseth as the Interim Chief Financial Officer, effective March 18, 2023, following Robert Masson's resignation due to family reasons. Borseth previously served as CFO and will guide the company while a permanent replacement is sought. Latham reaffirmed its fiscal 2022 guidance, projecting net sales between $685 million and $700 million with adjusted EBITDA of $140 million to $145 million. Additionally, expected capital expenditures are around $40 million. Financial results for Q4 and the full year will be reported in early March.

Latham Group, Inc. (Nasdaq: SWIM), the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, announced that Scott Rajeski, President and CEO, along with CFO Rob Masson, will participate in investor meetings at the Truist Securities 4th Annual Industrials and Services Summit in New York on December 6, 2022. No formal presentation or webcast will be provided. Investors can access Latham's latest presentation on their investor relations website.

Latham Group reported a 16.9% increase in third-quarter net sales, reaching $189.4 million compared to last year. The company saw a net income of $11.9 million, a significant turnaround from the prior year's loss of $11.3 million. Adjusted EBITDA rose by 17.0% to $42.3 million, with a margin of 22.3%. For the nine months, net sales increased 19.6% to $587.8 million. However, Latham has implemented a cost reduction plan expecting annual savings of $12 million due to market challenges. Revised fiscal 2022 guidance reflects lower expected sales of $685-$700 million.

Latham Group, Inc., the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, will announce its third-quarter financial results for fiscal 2022 on November 10, 2022. A conference call will follow at 9:00 a.m. ET, where participants are encouraged to pre-register for immediate access. The company's operations span over 30 facilities with more than 2,000 employees. Investors can access a live audio webcast of the call and presentation materials on the company’s investor relations website.

Wynnchurch Capital announced key personnel additions to its investment and finance teams, aiming to enhance its operational capacity. Andrew Singer joins as Principal, bringing extensive investment experience, while Rohan Shah, Annie Masciopinto, and Peter Alexander join as Associates. The finance team expands with Julia Pollex, Jackie Hurley, and Alexandra Zieminski. Wynnchurch is actively pursuing investment opportunities for its $2.277 billion Fund V, previously acquiring firms like FCA and Mattress Warehouse, indicating a focus on growth in middle-market sectors.

Latham Group, Inc. (Nasdaq: SWIM) announced that CEO Scott Rajeski and CFO Rob Masson will participate in the Morgan Stanley 10th Annual Laguna Conference on September 14, 2022. They will engage in a fireside chat at 11:05 a.m. PT, with a live audio webcast available on Latham's investor relations webpage. As the largest designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, Latham operates over 30 facilities and employs over 2,000 individuals.