Core Insights - 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 will participate in the Baird 2024 Global Industrial Conference on November 13, 2024, with a fireside chat scheduled at 12:00pm CT [1] - Latham has approximately 1,850 employees across 30 locations, indicating a significant operational scale [2] Company Overview - Latham Group, Inc. is headquartered in Latham, NY, and operates a coast-to-coast platform [2] - The company focuses on the residential swimming pool market, highlighting its leadership position in the industry [2]

Financial Data and Key Metrics Changes - Net sales for Q3 2024 were $150.5 million, down from $160.8 million in the prior year, a decrease of 6.4% primarily due to lower sales volumes [22][23] - Gross margin expanded by 250 basis points to 32.4% despite lower utilization rates, reflecting successful cost reduction initiatives [23][14] - Net income was $5.9 million or $0.05 per diluted share, compared to $6.2 million or $0.05 per diluted share for the prior year's third quarter [25] - Adjusted EBITDA was $29.8 million, a decrease of 17.3% from last year's $36.1 million, with an adjusted EBITDA margin of 19.8% [25][26] Business Line Data and Key Metrics Changes - In-ground pool sales declined by 9.8% in Q3, while liners declined by 8.1%, with covers remaining approximately in line with the prior year due to the acquisition of Coverstar Central [22][23] - Fiberglass pool sales showed relative strength, expected to account for about 75% of total in-ground pool sales in 2024 [11][10] Market Data and Key Metrics Changes - Market conditions indicated an approximate 15% decline in new pool starts for 2024, consistent with expectations [6][31] - The company is focusing on increasing market share in the Sand States, which represent 70% to 75% of all new pool starts [54][55] Company Strategy and Development Direction - The company is investing in sales and marketing initiatives, particularly in the Sand States, to drive awareness and adoption of fiberglass pools and automatic safety covers [17][45] - The acquisition of Coverstar Central is expected to add $20 million in net sales and expand adjusted EBITDA margin by approximately 140 basis points annually [30][12] - The company aims to structurally change its operational model to increase underlying earnings capabilities amid industry recovery [16][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to and exceeding 20% EBITDA margins as market conditions improve [40][38] - The company anticipates that consumer confidence and potential interest rate reductions will encourage pool starts in 2025 [43][44] - Management noted that the operational and financial model has changed, allowing for longer-term margin expansion [16][19] Other Important Information - The company ended Q3 with approximately $60 million in cash after the acquisition of Coverstar Central and repayment of debt [8][27] - The company reported no physical harm to employees from recent hurricanes, although some orders were pushed out due to plant shutdowns [20][50] Q&A Session Summary Question: Can you unpack the structural changes for higher margins? - Management highlighted cost reduction initiatives and increased scale as key factors for achieving higher margins, aiming to return to over 20% EBITDA margins [36][38] Question: How are dealers feeling about next year? - Dealers are optimistic about 2025, expecting improvements in consumer confidence and potential interest rate reductions [41][44] Question: Can you quantify the impact of hurricanes on shipments? - Management estimated a $1.5 million to $2 million impact in Q3 and an equal amount in Q4 due to rescheduled shipments [50] Question: What are the gross margin differentials between product lines? - Management indicated that gross margins across product categories are closely aligned, with no significant differences [51] Question: What is the strategy for the Sand States? - The company is focusing on increasing its presence in the Sand States, which are underrepresented in its portfolio, targeting significant market share growth [54][55] Question: What are the expectations for material and labor inflation in 2025? - Management noted that raw material costs have been stable, with modest inflation expected, but it is too early to provide precise guidance [91]

Latham Group (SWIM) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this swimming pool maker would post earnings of $0.04 per share when it actually produced earnings of $0.15, delivering a surprise of 275%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Latham Group, which belo ...

In-Ground Pool Market in Line with ExpectationsLatham Fiberglass Pool Sales Continue to Show Relative StrengthLean Manufacturing, Value Engineering Initiatives and Improved Procurement Drive Meaningful Cost ReductionsNarrows Full Year 2024 Net Sales and Adjusted EBITDA Guidance Ranges Third Quarter 2024 Financial Highlights: Net sales of $150.5 millionNet income of $5.9 million / Earnings per diluted share of $0.05Adjusted EBITDA of $29.8 million / 19.8% of Net sales Nine Months 2024 Financial Highlights: ...

Latham Group, Inc. (SWIM) is slated to release third-quarter 2024 results on Nov. 5, 2024, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 275% and 2.6%, respectively. The bottom line grew 200% but the top line declined 9.6% year over year.SWIM surpassed the consensus mark for earnings in two of the trailing four quarters, missed on one occasion and reported b ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Latham Group (SWIM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Latham Group is one of 88 individual stocks in the Construction sect ...

LATHAM, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc. ("Latham" or "the Company"), 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 third quarter 2024 on Tuesday, November 5, 2024, 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 pr ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

For Immediate Releases Chicago, IL – August 27, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: including Fulcrum Therapeutics Inc. (FULC) , Heritage Insurance Holdings Inc. (HRTG) , Latham Group Inc. (SWIM) , Seanergy Maritime Holdings Corp. (SHIP) and BrainsWay Ltd. (BWAY) . Here are highlights from Tuesday's A ...

Core Insights - Latham Group, Inc. has partnered with L.C. Williams & Associates to enhance its public relations strategy, aiming to elevate brand visibility and customer engagement [1][2][3] - The partnership will focus on media relations, thought leadership, influencer collaboration, and brand storytelling, leveraging LCWA's extensive experience in the home and lifestyle sectors [2][3] - Latham Group is recognized for its innovation and manufacturing excellence in the pool industry, offering a diverse range of high-quality products including fiberglass and vinyl liner pools, and safety covers [2][4] 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 over 60 years of experience [4] - The company operates across 24 locations, providing a broad range of pool products designed to deliver high quality and value to homeowners [4] Strategic Goals - The collaboration with LCWA is expected to play a critical role in driving awareness and adoption of Latham's products, thereby accelerating market conversions and strengthening the brand [2][3] - Public relations initiatives are already in progress, with expanded outreach and activations planned for 2025 [3]