Latham Group Inc ( (SWIM) ) has released its Q1 earnings. Here is a breakdown of the information Latham Group Inc presented to its investors.
Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools across North America, Australia, and New Zealand, known for its extensive operations platform and innovative product offerings.
In its first quarter of 2025, Latham Group reported financial results that aligned with expectations, driven by the strength of its fiberglass pools and autocovers, alongside strategic expansion efforts in key markets.
The company achieved net sales of $111.4 million, a slight increase from the previous year, while net loss narrowed to $6.0 million. Gross profit rose by 7.5% due to lean manufacturing and value engineering initiatives, despite increased SG&A expenses. Adjusted EBITDA was $11.1 million, reflecting a decrease primarily due to heightened investment in growth initiatives.
Latham’s strategic focus includes expanding its market share in states like Florida and Texas through its Sand State expansion strategy and targeted marketing campaigns. The company maintains its full-year guidance, projecting 8% sales growth and 19% growth in adjusted EBITDA, leveraging its operational strengths and strategic acquisitions.
Looking ahead, Latham Group remains cautiously optimistic about 2025, focusing on market share gains and operational efficiencies to navigate industry challenges and achieve its financial targets.