Latham Group Inc ( (SWIM) ) has released its Q2 earnings. Here is a breakdown of the information Latham Group Inc presented to its investors.
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Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, known for its extensive operations platform and innovative pool solutions.
In its second quarter of 2025, Latham Group reported strong financial results, showcasing its market leadership and strategic growth initiatives. The company achieved significant net sales growth, driven by its diversified product portfolio and recent acquisitions, while also expanding its gross margin through lean manufacturing and value engineering efforts.
Key financial highlights include net sales of $172.6 million, a net income of $16.0 million, and an adjusted EBITDA of $39.9 million, representing 23.1% of net sales. The company also reported a 400-basis-point expansion in gross margin, attributed to higher volumes and operational efficiencies. Latham’s strategic focus on increasing fiberglass pool adoption and enhancing its autocover offerings contributed to a 46% increase in cover sales and a 6% rise in liner sales year-over-year.
Looking ahead, Latham Group remains confident in its ability to achieve its full-year guidance of 8% net sales growth and 19% adjusted EBITDA growth. The company continues to leverage its competitive advantages, including a strong manufacturing footprint and a network of skilled dealers, to navigate challenging market conditions and drive future growth.