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) is expanding its operations with a new fiberglass manufacturing plant in Loyalist Township, Ontario, covering 148 acres. This facility will serve the eastern Canadian market and the northeastern and upper midwestern United States. Expected to produce pools for Latham's brands, it aims to meet increasing demand and enhance manufacturing capabilities. The plant is set to create over 100 jobs upon full operation in 2023. Local officials express optimism about the economic benefits for the community.
Latham, The Pool Company (Nasdaq: SWIM) has appointed Sanjeev Bahl as Chief Operating Officer, effective January 24, 2022. Bahl, who brings over 20 years of experience in global supply chain and operations management, previously held the role of Vice President of Global Operations at Newell Brands. His appointment is aimed at enhancing operational performance and supporting Latham's long-term growth initiatives. President and CEO Scott Rajeski expressed confidence in Bahl's ability to lead the operations organization as the company continues to expand its capacity.
Latham Group, Inc. (Nasdaq: SWIM) announced a public offering of 12,000,000 shares at $19.50 each, with underwriters granted an option for an additional 1,800,000 shares. The offering will close on January 11, 2022. Proceeds will be used to buy shares from principal stockholders, including affiliates of Pamplona Capital Management and Wynnchurch Capital, as well as some from executive officers. Barclays and BofA Securities are the lead underwriters for the transaction.
Latham Group, Inc. (Nasdaq: SWIM) has initiated a public offering of 12,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,800,000 shares. The proceeds will primarily be used to repurchase shares from current stockholders, notably affiliates of Pamplona Capital Management and Wynnchurch Capital, as well as some shares from the company’s directors and executives. Barclays and BofA Securities are the joint book-running managers for the offering. A prospectus will be filed with the SEC.
Latham Group, Inc. (NASDAQ: SWIM), a leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, announced its participation in the Truist Securities 3rd Annual Industrials and Services Summit on December 7, 2021. The company will not provide a formal presentation or webcast during this event. Additionally, Latham has updated its investor relations website with a presentation detailing its recent acquisition of Radiant Pools and updates on resin supply and fiberglass production for Q4 2021.
Latham Group has acquired Radiant Pools for approximately $90 million, expanding Latham's product portfolio to include vinyl-lined, aluminum-walled swimming pools. This strategic acquisition boosts Latham's addressable market, particularly in the Northeastern U.S., leveraging its dealer network for broader distribution. Radiant Pools generates around $35 million in annual sales and employs patented aerospace technology for enhanced product durability. The acquisition will be financed through Latham's cash and a $50 million credit facility amendment, with no significant impact expected on Latham's fiscal 2021 outlook.
Latham Group, Inc. (NASDAQ: SWIM) reported a third quarter net sales growth of 27% year-over-year, reaching $162.0 million. However, the company faced a net loss of $11.3 million, contrasting with a net income of $17.7 million in the same period last year. Adjusted EBITDA was $36.1 million, up 2.7% year-over-year, with a margin of 22.3%. For the nine months, net sales grew 68.7% to $491.6 million, but a net loss of $56.4 million was recorded, attributed to significant stock-based compensation expenses.
Latham Group, the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, is set to release its financial results for Q3 2021 on November 10, 2021, before market opening. A conference call to discuss the results will occur at 9:00 a.m. ET on the same day. Interested participants can pre-register online or dial in using provided phone numbers. Latham operates over 32 facilities and employs more than 2,000 people.
Latham Group, Inc. (NASDAQ: SWIM), the leading designer and manufacturer of in-ground residential swimming pools in North America, Australia, and New Zealand, announced its participation in two investor conferences. The Goldman Sachs 28th Annual Global Retailing Conference is scheduled for September 10, 2021, with a fireside chat at 3:20 PM EDT featuring CEO Scott Rajeski and CFO Mark Borseth. The Morgan Stanley 9th Annual Laguna Conference will take place on September 15, 2021, at 8:15 AM EDT. Live webcasts will be available on Latham's investor relations website.
Latham Group, Inc. (NASDAQ: SWIM) posted a remarkable 60.3% year-over-year increase in net sales for Q2 2021, reaching $180.9 million. However, the company reported a net loss of $53.6 million, significantly down from a net income of $16.4 million in Q2 2020, mainly due to non-cash stock-based compensation expenses. Adjusted EBITDA rose 29.5% to $42.8 million. The company is constructing a new fiberglass pool manufacturing facility, expected to be operational by 2024. Latham also raised its full-year guidance for net sales to $600 to $620 million.