Latham Group (SWIM)
NASDAQ:SWIM
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.05Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: revenue growth, substantial margin expansion, a meaningful increase in adjusted EBITDA, a return to full-year net income, strategic acquisitions (Freedom Pools) and balance sheet strength. Management outlined a clear growth plan for 2026 with targeted marketing and Sand States expansion. Key headwinds include a soft overall U.S. pool market, regional weakness (notably Texas), increased SG&A and CapEx as the company invests to capture future demand, and demand sensitivity to weather and macroeconomic factors. On balance, the positives—solid top-line and margin improvement, improved cash generation, accretive acquisitions and a confident FY2026 guide—outweigh the near-term challenges.Company Guidance
Quarterly Revenue Growth
Q4 net sales of $100.0M, up 15% year-over-year (organic growth 14%); all three product lines (In-Ground Pools, covers, liners) grew for the second consecutive quarter.
Full-Year Revenue and Organic Growth
FY2025 net sales of $546M, up 7% versus $509M in 2024, with organic growth of 5% driven by product-line execution and acquisitions.
Adjusted EBITDA and Margin Expansion
Q4 adjusted EBITDA of $10M (≈3x prior year) and adjusted EBITDA margin of 11% (up 630 bps y/y). FY2025 adjusted EBITDA of $100M, up $20M vs prior year, with adjusted EBITDA margin of 18.3% (up 250 bps).
Gross Margin Improvement
Gross margin expanded to 28% in Q4 (up 340 bps) and 33% for FY2025 (up 320 bps), driven by volume leverage, lean manufacturing and value-engineering initiatives, plus acquisition-related benefits.
Product Line Strength — Fiberglass Pools
Full-year In-Ground Pool sales of $262M, up 1% year-over-year despite a down industry; fiberglass represented 76.5% of In-Ground sales and grew ~2.5% year-over-year. Fiberglass penetration of U.S. pool starts estimated at ~24% in 2025 (≈+1 ppt).
Product Line Strength — Covers and Liners
Cover sales grew 22% in FY2025 to $161M (Q4 covers +19% to $37M); liner sales grew 4% in FY2025 to $123M (Q4 liners +2% to $13M). Autocover sales up 22% driven by consumer demand and marketing partnerships.
Cash Flow, Balance Sheet and Deleveraging
Year-end cash of $71M, net cash from operations of $51M for FY2025, total debt $280M and net debt leverage ratio of 2.1x at year-end with expectation to remain below 3x at end of Q1 and improve thereafter.
Strategic Acquisitions and Capacity Moves
Completed Freedom Pools acquisition (expected incremental ~$20M sales and ~$4M adjusted EBITDA annualized). Purchased four formerly-leased fiberglass production sites to secure strategic manufacturing footprint.
2026 Outlook and Guidance
Guidance for FY2026: $580M–$610M net sales and $105M–$120M adjusted EBITDA (midpoint growth of ~9% sales and ~12.7% EBITDA), planning mid-single-digit organic growth and increased targeted marketing investment.
Commercial Execution and Market Development
Notable progress in Sand States expansion (Sand States ≈17% of sales). Florida delivered double-digit growth and company highlighted dealer network expansion, master-planned community penetration, and new CEO-driven market development focus.
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
SWIM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $6.44 | $7.20 | +11.80% |
Nov 04, 2025 | $7.20 | $6.95 | -3.47% |
Aug 05, 2025 | $6.84 | $7.34 | +7.31% |
May 06, 2025 | $5.97 | $5.97 | 0.00% |
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.
FAQ
When does Latham Group (SWIM) report earnings?
Latham Group (SWIM) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Latham Group (SWIM) earnings time?
Latham Group (SWIM) earnings time is at May 12, 2026, Before Open (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 2026 (Q1) is -0.05.