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Latham Group (SWIM)
NASDAQ:SWIM
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -8.24%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Latham Group's strong strategic positioning and operational improvements, particularly in the expansion of fiberglass pools and successful acquisitions. However, the call also acknowledged challenges such as decreased net sales, increased SG&A expenses, and a decline in the U.S. pool market. Despite these challenges, the company remains optimistic about future growth opportunities.Company Guidance
During the Latham Group, Inc. earnings call, the company outlined its fiscal 2025 guidance, emphasizing key metrics and strategic initiatives. The company anticipates net sales to grow between 5% and 11% year-over-year, reaching between $535 million and $565 million, supported by market share gains primarily in the sand states of Florida, Texas, Arizona, and California. The adjusted EBITDA is projected to increase by 19% at the midpoint, ranging from $90 million to $100 million, with a margin expansion of 150 basis points. The guidance reflects the impact of recent acquisitions, CoverStar New York and Tennessee VARs, and ongoing efforts in lean manufacturing and value engineering, which contributed $9 million in savings in 2024. Latham plans to invest $27 million to $33 million in capital expenditures, including $10 million for developing molds for new fiberglass pool models tailored to sand states. The company also highlighted a 24% market penetration of fiberglass pools, with 75% of its in-ground pool sales in this category, and anticipates continued growth in automatic pool safety covers. Despite external challenges, including tariffs, the company is confident in its strategic direction and operational efficiencies to achieve its 2025 objectives.Increased Market Penetration of Fiberglass Pools
Fiberglass pools represented 24% of US pool starts in 2024, up from 23% in 2023. Fiberglass pools constituted 75% of Latham's in-ground pool sales, compared to 73% in 2023.
Adjusted EBITDA Growth
Adjusted EBITDA reached over $80 million, representing a margin of 15.8%, which is 30 basis points ahead of the previous year, despite lower sales volumes.
Successful Acquisition of CoverStar Central
The acquisition enabled vertical integration of the automatic safety cover line in 29 states, leading to revenue synergy opportunities and additional acquisitions.
Strong Financial Position
Ended 2024 with a strong financial position, providing flexibility for organic growth projects and potential acquisitions.
Growth Strategy in Sand States
Focused expansion in Florida, Texas, Arizona, and California, where fiberglass pool sales increased from 15% to 17% of total sales in these states.
Lean Manufacturing and Value Engineering Initiatives
Achieved $9 million in savings, enhancing production efficiencies and gross margin.
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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 |
|---|---|---|---|
| Mar 04, 2025 | $5.46 | $7.47 | +36.81% |
| 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% |
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 May 06, 2025, TBA Not Confirmed.
What is Latham Group (SWIM) earnings time?
Latham Group (SWIM) earnings time is at May 06, 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 2025 (Q1) is -0.06.
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