Q1 2025 Earnings Presentation May 6, 2025 Disclaimer Forward-looking Statements Certain statements in this presentation constitute forward-looking statements under federal securities laws. These forward-looking statements reflect our views with respect to future events and financial performance as of the date of this presentation or otherwise specified herein. Actual events and results may differ materially from those contemplated by such forward-looking statements due to risks and other factors that are se ...

Exhibit 99 Latham Group, Inc. Reports First Quarter 2025 Financial Results First Quarter 2025 Financial Highlights: LATHAM, N.Y. – May 6, 2025 – Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the first quarter 2025 ended March 29, 2025. Commenting on the results, Scott Rajeski, President and CEO, said, "Our first quarter results were in line with ou ...

First Quarter 2025 Financial Highlights: LATHAM, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the first quarter 2025 ended March 29, 2025. Commenting on the results, Scott Rajeski, President and CEO, said, "Our first quarter results were in line with our expectations and reflected the relative strength of Lat ...

Latham Automatic Safety Cover Child playing on autocover LATHAM, N.Y., May 02, 2025 (GLOBE NEWSWIRE) -- With summer just around the corner, Latham, The Pool Company [NASDAQ:SWIM], is reminding families to prioritize safety as we head into peak swimming season. During National Water Safety Month this May, the leading manufacturer of in-ground residential swimming pools is teaming up with Olympic and World Championship gold medalist and two-time Overall World Cup Champion Bode Miller to share essential p ...

Latham Group (SWIM) shares rallied 14.6% in the last trading session to close at $5.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 31.1% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Latham Group shares soared, reflecting renewed investor optimism.This swimming pool maker is expected to post quarterly loss of $0.04 per share ...

LATHAM, N.Y., April 08, 2025 (GLOBE NEWSWIRE) -- Latham Group, Inc. (NASDAQ:SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it will release financial results for the first quarter 2025 on Tuesday, May 6, 2025, after the close of the U.S. market. The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time. We encourage participants to pre-register for the ...

Latham Group (SWIM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ear ...

Latham Group, Inc. (NASDAQ: SWIM ) happens to be one of the major names in designing, manufacturing, and selling in-ground residential pools and related products. Having spent decades in the industry, it's built a solid presence across North America, Australia, and New Zealand.The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small ...

Strategic Acquisitions and Growth - Latham has made five strategic acquisitions since 2019, including the purchase of CoverStar Central in August 2024 and Radiant Pools in November 2021, to expand its portfolio of outdoor living products[72]. - The company anticipates continued growth in the fiberglass pool market as consumers shift from concrete to fiberglass pools, which require less maintenance and shorter installation times[68]. - Latham Pool Products acquired Coverstar Central, LLC for a total consideration of $71.5 million, including $66.5 million in cash and $4.9 million in non-cash settlements[444]. - The acquisition resulted in the recognition of $22.0 million in goodwill, attributed to vertical integration and expanded market share[447]. - Coverstar Central contributed net sales of $8.236 million and a net loss of $1.332 million from the acquisition date through December 31, 2024[448]. Sales and Revenue Performance - Net sales for 2024 were $508,520, a decrease of 10.2% from $566,492 in 2023 and a decline of 26.9% from $695,736 in 2022[365]. - For the year ended December 31, 2024, the company's net sales were $520.795 million, down from $586.717 million in 2023[450]. - Net sales for in-ground swimming pools were $259,214,000 in 2024, down from $297,828,000 in 2023, a decrease of about 12.9%[497]. Financial Position and Assets - As of December 31, 2024, total assets decreased to $794.2 million from $835.0 million in 2023, reflecting a decline of approximately 4.9%[363]. - Cash reserves dropped significantly from $102.8 million in 2023 to $56.4 million in 2024, a decrease of about 45%[363]. - The carrying amount for the equity method investment in Premier Pools & Spas was $24.9 million as of December 31, 2024, down from $25.9 million in 2023[457]. - As of December 31, 2024, the company's intangible assets net amounted to $292.913 million, with trade names and trademarks valued at $111.325 million[469]. Profitability and Losses - The net loss for 2024 was $(17,860), compared to a net loss of $(2,388) in 2023 and $(5,694) in 2022, indicating a significant increase in losses[368]. - The company recorded a net loss of $12.634 million for the year ended December 31, 2024, compared to a net income of $4.380 million in 2023[450]. - The company reported a total loss before income taxes of $(8,740,000) in 2024, compared to a loss of $(10,060,000) in 2023, indicating an improvement of approximately 13.1%[498]. Debt and Financing - Long-term debt remained relatively stable at $278.3 million in 2024, down slightly from $280.0 million in 2023[363]. - The company has outstanding borrowings of $288.1 million under its Term Loan as of December 31, 2024, with no borrowings on the Revolving Credit Facility[347]. - The effective interest rate on the term loan was 8.61% as of December 31, 2024, including the impact of the company's interest rate swap[484]. Operational Efficiency and Costs - The company spent $20,116 on property and equipment in 2024, down from $33,189 in 2023[373]. - Total lease expense decreased to $10,772,000 in 2024 from $11,824,000 in 2023, representing a decline of approximately 8.9%[495]. - The company recorded aggregate losses on sales and disposals of property and equipment of $0.1 million in 2024, compared to $0.3 million in 2023[473]. Employee and Operational Metrics - As of December 31, 2024, Latham employed 1,817 full-time employees, with 142 based outside North America[73]. - The company recognized expenses related to employee benefit plans of $1.5 million, $1.4 million, and $1.7 million for the years ended December 31, 2024, 2023, and 2022, respectively[429]. Marketing and Consumer Engagement - Latham's digital marketing strategy has generated significant consumer demand, with ongoing investments aimed at positioning the brand as the preferred choice for homeowners[61]. - The company has developed the Latham Augmented Reality Pool Visualizer app, enhancing consumer engagement and facilitating the pool buying process[63]. Risk Management and Compliance - The company has implemented a comprehensive health and safety program, regularly monitoring its total recordable incident rate to ensure workplace safety[79]. - The company has published annual ESG reports since 2022 to update stakeholders on its progress in managing environmental, social, and governance risks and opportunities[87]. - The company does not currently hedge its foreign currency risk, with significant exposure to the Australian and Canadian dollars[353].

Latham Group, Inc. (NASDAQ:SWIM) Q4 2024 Earnings Conference Call March 4, 2025 4:30 PM ET Company Participants Casey Kotary - Investor Relations Representative Scott Rajeski - President and Chief Executive Officer Oliver Gloe - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Andrew Carter - Stifel Tim Wojs - Baird Greg Palm - Craig-Hallum Capital Group Scott Stringer - Wolfe Research Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Shaun Calnan - Bank of America Ope ...