From Seamless Vinyl Liner Solutions to Popular Plunge Pools, Latham Ushers in Innovation Fiberglass at the Forefront Homeowners are increasingly turning to fiberglass pools for their blend of strength, style and minimal upkeep. LATHAM, N.Y., Jan. 27, 2026 (GLOBE NEWSWIRE) -- As it marks 70 years of shaping the backyard experience, Latham Group, Inc. [NASDAQ: SWIM], the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, plans t ...

Partnership Celebrates Artistry, Performance and the Love of Swimming Latham dives in as an official sponsor of USA Artistic Swimming Latham dives in as an official sponsor of USA Artistic Swimming LATHAM, N.Y., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. [NASDAQ:SWIM] is starting the new year with a splash! The largest designer, manufacturer and marketer of in-ground residential swimming pools and pool accessories in North America, Australia and New Zealand has signed on as an official sponsor ...

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Core Viewpoint - Latham Group, Inc. has appointed Sean Gadd as the new President and CEO, effective January 5, 2026, following a comprehensive succession planning process led by the Board and current CEO Scott Rajeski, who will retire and serve as a special advisor to the company [1][7]. Company Overview - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, with approximately 1,850 employees across around 30 locations [8]. Leadership Transition - Sean Gadd joins Latham after a 21-year career at James Hardie, where he most recently served as President of North America, overseeing the largest regional business with full P&L responsibility [2][7]. - Gadd's experience includes roles as Executive Vice President in various capacities at James Hardie, where he contributed to significant organic net sales growth and market penetration [2]. - Gadd will also become a member of Latham's Board of Directors, replacing Scott Rajeski, who is resigning from the Board [4]. Board and Executive Comments - James E. Cline, Chairman, expressed confidence in Gadd's ability to leverage his commercial experience and branding expertise to enhance Latham's market share and conversion from concrete to fiberglass pools [3]. - Scott Rajeski acknowledged the company's strong financial position and expressed confidence in Gadd's leadership capabilities to continue outperforming the industry [5].

Core Insights - Latham Group (SWIM) is experiencing mixed trends, with general market conditions acting as a headwind while internal growth initiatives are providing some offset [1] Group 1: Market Conditions - The overall market condition is presenting challenges for Latham Group [1] Group 2: Internal Growth Initiatives - Internal growth initiatives are helping to mitigate the negative impact of market conditions [1] Group 3: Future Outlook - There are potential risks related to M&A and cyclicality in the future [1]

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Core Viewpoint - Latham Group, Inc. is set to participate in the Baird 2025 Global Industrial Conference, highlighting its position as a leading player in the in-ground residential swimming pool market [1] Company Overview - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand [2] - The company operates with approximately 1,850 employees across 30 locations, showcasing a robust operational platform [2]

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Core Insights - Latham Group reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.10 per share, representing a -20.00% earnings surprise [1] - The company posted revenues of $161.9 million for the quarter ended September 2025, which was 1.28% below the Zacks Consensus Estimate, compared to $150.5 million in the same quarter last year [2] Earnings Performance - Over the last four quarters, Latham Group has surpassed consensus EPS estimates two times [2] - The company had a previous quarter earnings expectation of $0.13 per share but reported $0.14, resulting in a +7.69% surprise [1] Stock Performance - Latham Group shares have increased approximately 4.5% since the beginning of the year, while the S&P 500 has gained 16.5% [3] Future Outlook - The company's earnings outlook will be crucial for investors, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is -$0.09 on revenues of $93 million, and $0.10 on revenues of $541 million for the current fiscal year [7] Industry Context - The Building Products - Miscellaneous industry, to which Latham Group belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Latham Group's stock performance [5][6]

Financial Data and Key Metrics Changes - Net sales increased by 7.6% year-on-year, reaching $162 million compared to $151 million in the prior year [13] - Adjusted EBITDA rose by $8.5 million, or 28.5%, totaling $38.3 million, with an adjusted EBITDA margin of 23.7%, up 390 basis points from the previous year [18] - Gross margin expanded to 35.4%, an increase of 300 basis points year-on-year [17] Business Line Data and Key Metrics Changes - In-ground pool sales increased modestly by just under 1% year-on-year, driven by fiberglass pool sales, which are expected to account for approximately 75% of full-year 2025 in-ground pool sales [6][15] - Pool covers sales grew by 15%, with significant organic growth in auto covers [9][16] - Liner sales increased by 13%, supported by the successful rollout of the Measure by Latham tool [10][16] Market Data and Key Metrics Changes - The U.S. in-ground pool market is expected to remain flat to slightly down compared to 2024 levels, yet Latham outperformed this market [4][21] - Florida sales increased at a high single-digit rate, with Latham gaining traction in master plan communities [11][12] Company Strategy and Development Direction - The company is focused on increasing awareness and adoption of fiberglass pools and auto covers, as well as expanding sales of in-ground pool liners [14] - Strategic partnerships with custom home builders in Florida are being established to enhance market presence [12][34] - Latham aims to leverage its proprietary measuring tool to gain market share in the liner product line and winter safety cover market [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth despite a challenging industry environment, projecting 7% sales growth and 19% adjusted EBITDA growth for 2025 [20][21] - The company anticipates that fiberglass pool and auto cover adoption will enable it to outperform the in-ground pool market [21] Other Important Information - The company ended the third quarter with a strong financial position, maintaining cash of $71 million and a net debt leverage ratio of 2.3 [19] - Capital expenditures for the third quarter were $5.8 million, with a revised estimate for full-year CapEx set at $22-$24 million [20] Q&A Session Summary Question: What have you seen in terms of upstream metrics from leads and consumer confidence? - Management noted strong lead generation throughout the peak pool building season, with significant year-over-year increases, although consumer confidence remains affected by tariff and interest rate uncertainties [25][26] Question: Can you provide context on the liners' performance and market share gains? - The performance is attributed to a combination of share gains in the replacement market and challenges in the lower end of the new construction market [27][28] Question: How did demand progress geographically throughout the quarter? - Demand was consistent across most regions, with strong performance in Florida, while Texas and California remained challenging markets [31][32] Question: What is the outlook for pricing and tariffs? - Price increases implemented in June have effectively mitigated tariff impacts, with net tariff exposure remaining stable at approximately $10 million [42][43] Question: Is there potential for accelerated market share gains in fiberglass pools? - Management believes that while a 1% market share gain per year is a reasonable expectation, increased traction in the Sand States could lead to accelerated growth [46][48] Question: What is the strategy for SG&A spending moving forward? - SG&A spending is expected to remain stable, with continued investments in sales and marketing initiatives, particularly in the Sand States [49][50]