Latham Group raises FY25 revenue view to $540M-$550M from $535M-$565M

Consensus $544.17M. Narrows FY25 adjusted EBITDA view to $92M-$98M from $90M-$100M. Lowers FY25 capital expenditures view to $22M-$24M from $27M-$33M. “Latham’s category leadership in both fiberglass pools and autocovers position us well for continued long-term growth. Fiberglass pools are increasingly being recognized by consumers for their advantages, notably cost-efficiency, fast and easy installation, low maintenance requirements, and eco-friendliness. As a result of these benefits, we expect the fiberglass pool category to gain another percentage point of total market share to represent approximately 24% of total U.S. in-ground pool sales in 2025. Similarly, autocovers are gaining momentum as they are compatible with all types of in-ground pools, have unparalleled safety benefits, and offer significant cost savings to pool owners. Our focus on advancing the awareness and adoption of these excellent products, building our presence in the Sand States, and successful accretive acquisitions, support our confidence that Latham will continue to outperform the U.S. in-ground pool market in future periods,” Rajeski concluded.