Latham Group Stock Price, News & Analysis
Company Description
Latham Group, Inc. (Nasdaq: SWIM) is a manufacturing company in the sporting and athletic goods category that focuses on the residential pool market. According to company disclosures, Latham is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The company states that it operates an extensive, coast-to-coast platform with operations across dozens of locations and serves homeowners through a broad range of in-ground pool products and related accessories.
Latham is headquartered in Latham, New York, and its common stock trades on the Nasdaq under the ticker symbol SWIM. The company describes itself as having more than 60 years of experience in the in-ground residential pool industry and highlights its position in fiberglass pools, vinyl liner pools, and automatic safety covers. These products are aimed at residential customers who want in-ground pools and pool accessories, and Latham emphasizes quality and value in its product offerings.
Business focus and product categories
Based on the company’s own descriptions in its public communications, Latham’s business centers on three primary product categories within the in-ground residential pool market:
- In-ground swimming pools – Latham designs and manufactures in-ground residential swimming pools, including fiberglass pools and vinyl liner pools.
- Covers – The company produces pool covers, including automatic safety covers (often referred to as autocovers in its releases), which it notes are compatible with all types of in-ground pools.
- Liners – Latham manufactures pool liners for in-ground pools and highlights its capabilities in the replacement liner market.
In its earnings releases, Latham reports net sales by these three product lines: in-ground swimming pools, covers, and liners. This breakdown underscores that its revenue is tied to manufacturing and marketing these categories of residential pool products and accessories.
Geographic reach and operations
Latham describes its footprint as a coast-to-coast operations platform in North America, with additional presence in Australia and New Zealand. In one company overview, Latham notes an operations platform across around 24 locations, and in another, it references approximately 30 locations and about 1,850 employees. These statements indicate that the company runs multiple manufacturing and related facilities that support its pool and accessory production and distribution.
The company also refers to activity in specific U.S. regions it calls the “Sand States,” where it is working to expand its presence and adoption of fiberglass pools and autocovers. In its public comments, Latham mentions representation in master planned communities in Florida and partnerships with custom homebuilders that feature Latham fiberglass pools, illustrating how it embeds its products into residential developments.
Strategic themes highlighted by the company
In its own commentary on financial results and strategy, Latham repeatedly emphasizes several themes:
- Category focus on fiberglass pools – Latham states that fiberglass pools are an important part of its in-ground pool sales and that it is working to drive awareness and adoption of fiberglass pools. The company highlights advantages of fiberglass pools, such as cost-efficiency, relatively fast and easy installation, low maintenance requirements, and what it describes as eco-friendliness.
- Growth in autocovers – The company notes that automatic safety covers are a key contributor to its cover sales. Latham describes autocovers as compatible with all types of in-ground pools and points to what it calls unparalleled safety benefits and potential cost savings through reduced water evaporation, energy use, and chemical consumption.
- Lean manufacturing and value engineering – In its financial discussions, Latham attributes margin expansion to lean manufacturing, value engineering initiatives, and production efficiencies, as well as contributions from acquisitions in the cover business.
- Acquisitions in covers – Latham references acquisitions of Coverstar businesses and Coverstar Central, noting that these acquisitions have contributed to its cover sales and margins.
These themes appear consistently in the company’s press releases around quarterly results, suggesting that management views product mix, operational efficiency, and targeted acquisitions as important to its business performance.
Public company status and regulatory reporting
Latham Group, Inc. is incorporated in Delaware and files reports with the U.S. Securities and Exchange Commission (SEC) under Commission File Number 001-40358. It identifies itself as an emerging growth company in its Form 8-K filings. The company notes that it went public in April 2021, and since then it has issued periodic earnings releases and filed related current reports on Form 8-K to furnish financial information for investors.
In its SEC filings, Latham provides net sales, net income, and non-GAAP measures such as Adjusted EBITDA and Adjusted EBITDA margin, and it explains how these non-GAAP measures are used by management and the board of directors to assess performance. The company also discloses information about its capital expenditures, debt levels, and cash flows, which reflect its ongoing investments in manufacturing, marketing, and systems such as enterprise resource planning (ERP) infrastructure.
Corporate governance and leadership developments
Latham’s public disclosures also address corporate governance and leadership changes. For example, a Form 8-K dated August 1, 2025 reports that the board of directors increased its size from eight to nine directors and appointed Jeffrey T. Jackson as an independent director and member of the Audit Committee. The filing notes that the board determined he is an independent director and qualifies as an audit committee financial expert under SEC rules.
In a separate news release, the company announced that its board appointed Sean Gadd as President and Chief Executive Officer as part of a CEO transition. The release states that this transition follows a succession planning process and that the outgoing CEO will retire and serve as a special advisor to the company. These communications illustrate how Latham uses both SEC filings and press releases to inform the market about leadership and governance matters.
Recognition and ESG-related disclosures
Latham has also highlighted external recognition and environmental, social, and governance (ESG) efforts. In a news release, the company reports that it was named to Newsweek’s list of America’s Greatest Companies 2025, a ranking that considers financial performance, employee satisfaction, innovation, and sustainability. The same release references the company’s ESG report, noting reductions in waste from fiberglass pool production, recycling of materials such as scrap vinyl, galvanized steel, and aluminum, and expanded use of energy-efficient LED lighting at its fiberglass facilities.
These statements indicate that Latham publicly communicates around topics such as sustainability, manufacturing practices, and employee experience, alongside its financial and operational updates.
Use of non-GAAP metrics
In its earnings releases and related Form 8-K filings, Latham discusses non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, net debt, and net debt leverage ratio. The company explains that management and the board use these measures to evaluate financial performance, support budgeting decisions, and as performance metrics in incentive compensation plans. It also notes that these measures are presented as supplements to GAAP results and that reconciliations to the most comparable GAAP measures are provided in its releases.
Position within the sporting and athletic goods manufacturing sector
Within the broader manufacturing sector and the sporting and athletic goods manufacturing industry classification, Latham’s focus is specifically on in-ground residential pools and related accessories. Its own communications emphasize its scale in North America, Australia, and New Zealand, its long operating history in the pool category, and its concentration on fiberglass pools, vinyl liner pools, and automatic safety covers for residential use.