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, Inc. (Nasdaq: SWIM) announced the appointment of Patrick Sheller as General Counsel and Secretary effective August 8, 2022. Sheller will oversee global legal operations, corporate compliance, and environmental, social & governance initiatives. His extensive background includes roles at Mauser Packaging, Mead Johnson Nutrition, and Eastman Kodak, as well as advising public companies on corporate governance. Latham's President and CEO, Scott Rajeski, expressed confidence in Sheller's ability to contribute to the company's growth and success.
Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, will release its fiscal Q2 2022 financial results on August 11, 2022. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results. Participants are encouraged to pre-register or dial in to access the call. The company operates over 30 facilities with more than 2,000 employees and aims to provide insights into its operational performance in this upcoming discussion.
Latham Group, Inc. (Nasdaq: SWIM), a leading designer and manufacturer of in-ground residential swimming pools, has released its inaugural Environmental, Social, and Governance (ESG) Report. This report marks a significant step in Latham's commitment to sustainability and transparency. CEO Scott Rajeski emphasized the importance of ESG in their strategy. The report was developed with independent consultants and aligns with global reporting standards like SASB and GRI. Stakeholders can find the report on Latham's investor relations website, highlighting the company's proactive approach towards managing ESG risks and opportunities.
Latham Group, Inc. (Nasdaq: SWIM) announces the retirement of Mark Borseth as Chief Financial Officer, effective December 2022. Robert Masson, with nearly 20 years in finance across various industries, will take over the role on July 11, 2022. Masson previously served as CFO at Hypertherm, Inc. and has a strong finance background from Raytheon. Borseth will remain as a strategic advisor during the transition. The leadership change aims to support Latham's growth in the pool industry, leveraging Masson's expertise.
Latham Group, Inc. (Nasdaq: SWIM), the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, will participate in two upcoming investor conferences. The first is the KeyBanc Capital Markets Industrial & Basic Materials Conference on June 1, 2022, in Boston, MA. The second is the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, in Chicago, IL, where the presentation is scheduled for 2:40 PM CT. Live webcasts will be available on the company’s investor relations website.
Latham Group (Nasdaq: SWIM) reported a 28.8% year-over-year increase in net sales for Q1 2022, totaling $191.6 million. Despite this surge, the company faced a net loss of $2.8 million, a drop from a net income of $8.5 million in the prior year. Adjusted EBITDA rose 43.1% to $48.0 million, with a margin of 25.0%. The company reaffirms its fiscal 2022 guidance, projecting net sales between $850 million and $880 million. A $100 million share repurchase program was also announced to enhance shareholder value.
Latham Group, Inc. (Nasdaq: SWIM) announced that its Odessa, Texas fiberglass manufacturing facility was affected by a fire, causing a pause in production and pool deliveries. Fortunately, no injuries were reported, and existing inventory remains largely unaffected. The company is exploring alternative resource allocation to minimize customer impact. CEO Scott Rajeski expressed gratitude to the local fire crews and reinforced Latham's commitment to employee safety and operational continuity. Latham is the largest in-ground residential swimming pool manufacturer in North America, Australia, and New Zealand.
Latham Group, Inc. (Nasdaq: SWIM), a leading manufacturer of in-ground residential swimming pools, will release its Q1 fiscal 2022 financial results on May 12, 2022, before market open. A conference call to discuss the results will follow at 9:00 a.m. ET that same day. Participants are encouraged to pre-register for the call to receive access details. Investors and analysts can access a live webcast of the call through the company's investor relations website. Latham operates over 30 facilities with a workforce exceeding 2,000 employees.
Latham Group, Inc. (Nasdaq: SWIM) reported its fourth quarter and full fiscal year 2021 results, achieving record net sales growth of 24.1% to $138.9 million in Q4 and a 56.3% increase to $630.5 million for the year. The net loss for Q4 was $6.0 million, while the full year loss ballooned to $62.3 million, primarily due to stock-based compensation expenses. However, adjusted EBITDA rose 56.5% in Q4 to $27.3 million and 66.8% for the year to $139.8 million. Looking ahead, Latham forecasts 2022 net sales between $850 million and $880 million, driven by strong consumer demand.
Latham Group, Inc. (Nasdaq: SWIM) will release its financial results for Q4 and FY 2021 on March 10, 2022, ahead of market opening. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results. Participants can pre-register for the call online to receive a confirmation email with a passcode. A live audio webcast will also be available. The company, a leader in in-ground residential swimming pools across North America, Australia, and New Zealand, operates over 30 facilities with more than 2,000 employees.