LATHAM, N.Y., July 10, 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 second quarter 2024 on Tuesday, August 6, 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. A live audio webcast of the conf ...

The Attendant is also the only pool automation system that automatically doses the correct chemical combinations, taking out the guesswork for consumers. Proper chemistry management of your pool can ensure its peak performance. And for even greater convenience, The Attendant will also seamlessly connect to any manufacturer's equipment used to power your Latham pool like pumps, motors, filters etc. And because The Attendant is the latest in pool automation technology, costly upgrades won't be needed. | --- | ...

LATHAM, N.Y., July 09, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc. ("Latham" or "the Company") (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, announces the launch of The Attendant, an automation system for inground, Latham fiberglass pools, in partnership with Poolside Tech, a leader in smart pool technology. With record breaking temperatures gripping the country this summer, more and more consumers are c ...

Contact: Lynn Morgen Casey Kotary ADVISIRY Partners latham@advisiry.com 212-750-5800 LATHAM, N.Y., May 29, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that management will attend the following investor conferences: About Latham Group, Inc. Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in- ground resid ...

LATHAM, N.Y., May 29, 2024 (GLOBE NEWSWIRE) -- Latham Group, Inc., the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that management will attend the following investor conferences: About Latham Group, Inc. Lynn Morgen Casey Kotary ADVISIRY Partners latham@advisiry.com 212-750-5800 On June 4, 2024, Scott Rajeski, President and Chief Executive Officer, and Oliver Gloe, Chief Financial Officer, will host a fire ...

Group 1: Momentum Investing Overview - Momentum investing focuses on "buying high and selling higher" rather than "buying low and selling high" [1] - Fast-moving trending stocks can be appealing, but determining the right entry point is challenging [2] - Investing in bargain stocks with recent price momentum may be a safer strategy [3] Group 2: Latham Group (SWIM) Analysis - Latham Group (SWIM) has shown a price increase of 26.5% over the past four weeks, indicating growing investor interest [4] - The stock gained 23.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - SWIM has a beta of 1.67, suggesting it moves 67% more than the market in either direction [5] Group 3: Investment Metrics and Recommendations - SWIM has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - SWIM is trading at a Price-to-Sales ratio of 0.80, suggesting it is reasonably valued at 80 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides SWIM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles [9]

Corporate Participants Operator Thank you. This afternoon, we issued our first quarter 2024 earnings press release, which is available on the Investor Relations portion of our website, where you can also find the slide presentation that accompanies our prepared remarks. I'll now turn the call over to Scott Rajeski. Second, our performance demonstrated our ability to execute effectively during periods of uneven order flows and reflects the benefits of our reduced cost structure and actions we have taken to a ...

"First quarter sales performance demonstrated our ability to execute effectively on a meaningful influx of orders that occurred late in the quarter and benefitted from our leadership in fiberglass pools, which continued to show relative strength. First quarter adjusted EBITDA outpaced comparable year-ago levels despite lower sales and was considerably above our guidance range for Q1. This outperformance was due primarily to higher-than-anticipated sales together with diligent cost management. It also reflec ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40358 LATHAM GROUP, Inc. (Exact name of registrant as specified in its charter) Delaware 83-2797583 (State or other jurisdict ...

Financial Data and Key Metrics Changes - Net sales for Q4 2023 were $91 million, down from $108 million in Q4 2022, reflecting lower volumes and a 23% decline in in-ground pool sales [89] - Full year net sales were $566 million, compared to $696 million in the prior year, with in-ground swimming pool sales down 23% year-over-year [90] - Adjusted EBITDA for the full year was $88 million, down from $143 million in the prior year, resulting in an adjusted EBITDA margin of 15.5% compared to 20.6% in 2022 [91] - Gross margin for Q4 2023 reached 23.3%, an increase of 540 basis points from 17.9% in Q4 2022, driven by cost reduction programs [74] Business Line Data and Key Metrics Changes - Liner sales for the full year were $128 million, down 16%, while cover sales were $141 million, declining 11% [75] - Fiberglass product sales accounted for approximately 73% of in-ground pool sales for the full year 2023, with a compounded annual growth rate of about 15% since 2019 [85] - Sales of fiberglass pools declined 20% year-over-year, which was about 10 percentage points better than the overall market decline [5] Market Data and Key Metrics Changes - Fiberglass now accounts for approximately 22% of new pool starts in the U.S., up from 21% in 2022 and 18% in 2021, indicating a growing market share [69] - The overall U.S. new in-ground pool installation market is estimated to have declined by 30% in 2023 compared to 2022 [90] - The company anticipates a 15% decline in new pool starts for 2024, reflecting cautious market conditions [117] Company Strategy and Development Direction - The company is focused on driving the adoption of fiberglass pools and automatic safety covers, aiming to capture additional market share as conditions improve [95] - Continued investments in cost reduction, lean manufacturing, and digital transformation are prioritized to enhance operational efficiency [95] - The company plans to leverage its strong dealer network and consumer engagement to increase fiberglass penetration in markets dominated by concrete pools [85] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2024, noting that lower interest rates and improved consumer confidence are not expected to benefit the peak pool buying season [72] - The company is positioned to capitalize on a potential market recovery in 2025, with expectations of increased pool starts [121] - Management highlighted the importance of maintaining flexibility in pricing strategies to stimulate demand amid current economic conditions [152] Other Important Information - The company ended 2023 with a record cash position of over $100 million, providing substantial financial flexibility [68] - Capital expenditures for 2023 were $33 million, down from $40 million in the prior year, with projections for 2024 ranging from $18 million to $22 million [76][77] - The company repaid $13 million of term debt in 2023, ending the year with total debt of $301 million and a net debt leverage ratio of 2.25 [76][128] Q&A Session Summary Question: How is the company managing the balance sheet for 2024? - The company is pleased with its cash flow generation and has reduced net working capital, especially inventory, leading to a cash position of $102.8 million at year-end [12] Question: What are the key items to consider for 2024 EBITDA guidance? - Key items include the impact of lower volume and fixed costs, modest deflation, and ongoing investments in lead generation and fiberglass conversion [99] Question: What is the outlook for gross margins in 2024? - Gross margins are expected to remain roughly in line with 2023 levels, with slight tailwinds from cost containment actions [134] Question: How is the company positioned for a potential market recovery? - The company has a strong vendor base and supply chain, allowing for quick adjustments to production if market conditions improve [49] Question: What is the current capacity utilization rate? - The company is in a good position regarding capacity utilization, with no immediate need for additional plants [138]