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Latham Group (SWIM)
NASDAQ:SWIM
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.11Last Year’s EPS
0.03Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 05, 2021
|% Change Since: 2.43%
|Next Earnings Date:Jun 03, 2021
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were strong performances in Fiberglass Pools and gross margin improvements, the overall sales and adjusted EBITDA were down. Challenges such as a decrease in new pool starts and hurricane impacts were notable lowlights.Company Guidance
During the third quarter 2024 earnings call, Latham Group executives provided guidance highlighting several key metrics and initiatives. They reported third-quarter net sales of $150.5 million, down 6.4% year-over-year, primarily due to an anticipated 15% decline in new pool starts. Despite the sales drop, Latham expanded its gross margin by 250 basis points to 32.4% through lean manufacturing and procurement improvements. The company maintained a strong financial position with $59.9 million in cash after a $65 million acquisition of Coverstar Central and $20 million in debt repayment. For the full year 2024, Latham narrowed its net sales guidance to $500-$510 million and adjusted EBITDA to $77-$83 million. Looking ahead, the company is investing in sales and marketing to drive adoption of Fiberglass Pools and Automatic Safety Covers, with a focus on growing market share in the Sand States.Stable Financial Position
Latham ended the third quarter with approximately $60 million in cash after acquiring Coverstar Central for $65 million and repaying $20 million in debt.
Gross Margin Expansion
Gross margin expanded by 250 basis points to 32.4% in the third quarter despite lower sales, aided by lean manufacturing and value engineering initiatives.
Fiberglass Pool Sales Strength
Continued strength in Fiberglass Pools, expected to account for about 75% of total in-ground pool sales in 2024.
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SWIM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SWIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.58 | $5.81 | -11.70% |
| Aug 06, 2024 | $3.11 | $4.40 | +41.48% |
| May 07, 2024 | $2.99 | $3.70 | +23.75% |
| Mar 12, 2024 | $3.28 | $3.08 | -6.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Latham Group (SWIM) report earnings?
Latham Group (SWIM) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Latham Group (SWIM) earnings time?
Latham Group (SWIM) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SWIM EPS forecast?
SWIM EPS forecast for the fiscal quarter 2024 (Q4) is -0.11.
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