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 ...

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 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]

Core Insights - Latham Group, Inc. reported a net sales increase of 7.6% in Q3 2025, reaching $161.9 million, driven by higher sales volume from organic growth and acquisitions [6][8] - The company achieved a gross margin expansion of 300 basis points to 35.4%, attributed to operational efficiencies and the benefits from recent acquisitions [5][9] - Latham's net income rose by 37.7% to $8.1 million, with earnings per diluted share increasing to $0.07 from $0.05 in the prior year [8][11] Financial Highlights - **Q3 2025 Results**: - Net sales: $161.9 million, up $11.4 million or 7.6% from $150.5 million in Q3 2024 [6][8] - Gross profit: $57.3 million, a 17.7% increase from $48.7 million in the prior year [9][11] - Adjusted EBITDA: $38.3 million, up 28.5% from $29.8 million in Q3 2024, with a margin of 23.7% [11][12] - **Nine Months 2025 Results**: - Net sales: $446.0 million, a 5.9% increase from $421.2 million in the prior year [12][15] - Gross profit: $154.2 million, up 16.5% from $132.3 million [13][15] - Net income: $18.1 million, a 60.3% increase from $11.3 million [15] Strategic Initiatives - The company is focusing on increasing awareness and adoption of fiberglass pools and autocovers, particularly in the Sand State markets [2][4] - Latham has established partnerships with custom homebuilders in Florida to enhance its market presence [4][21] - The Measure by Latham tool is being developed to support sales growth and customer engagement [19][21] Market Position - Latham's fiberglass pools are projected to account for approximately 75% of its full-year 2025 in-ground pool sales, reflecting strong consumer recognition of their advantages [3][21] - The company expects fiberglass pools to gain an additional percentage point of market share, reaching about 24% of total U.S. in-ground pool sales in 2025 [21] Guidance and Outlook - Latham narrowed its net sales guidance for 2025 to a range of $540-$550 million, representing a 7% growth [20][23] - Adjusted EBITDA guidance was updated to $92-$98 million, indicating a 19% growth at the midpoint [20][23] - Capital expenditure estimates for 2025 were revised to $22-$24 million [20][23]

Core Viewpoint - Latham Group, Inc. will release its financial results for Q3 2025 on November 4, 2025, after the U.S. market closes, followed by a conference call to discuss the results [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 [4]. - The company operates with approximately 1,850 employees across 30 locations [4]. Conference Call Details - Participants are encouraged to pre-register for the conference call via a provided link, with confirmation emails sent to those who register [2]. - A live audio webcast of the conference call will be available online, and an archived version will be accessible approximately two hours after the call [3]. - Dial-in options are available for participants, including a toll-free number for U.S. callers and an international dial-in number [3].

Group 1 - Armstrong World Industries (AWI) reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of $1.75 per share, and up from $1.62 per share a year ago, representing an earnings surprise of +19.43% [1] - The company achieved revenues of $424.6 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.17%, compared to $365.1 million in the same quarter last year [2] - Armstrong World Industries has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock has gained approximately 19.5% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $2.00 on revenues of $418.97 million, and for the current fiscal year, it is $7.03 on revenues of $1.6 billion [7] - The Zacks Industry Rank for Building Products - Miscellaneous is in the top 38% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8]

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 [4] - The company operates with approximately 1,850 employees across 30 locations [4] Financial Results Announcement - Latham Group will release its financial results for the second quarter of 2025 on August 5, 2025, after the close of the U.S. market [1] - A conference call to discuss the results will take place on the same day at 4:30 PM Eastern Time [1] Conference Call Details - Participants are encouraged to pre-register for the conference call via a provided link [2] - A live audio webcast of the conference call will be available online [3] - For those unable to listen live, an archived webcast will be accessible approximately two hours after the call, lasting until August 5, 2026 [3]

Core Viewpoint - Latham Group (SWIM) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with stock price movements, particularly due to institutional investors' reliance on these estimates for valuation [4][6]. - For Latham Group, the recent upgrade reflects an improvement in the company's underlying business, suggesting that investor sentiment may lead to increased stock prices [5][10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Latham Group is projected to earn $0.11 per share, consistent with the previous year's figure, while the Zacks Consensus Estimate has risen by 75% over the past three months [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a "Strong Buy" or "Buy" rating, indicating superior potential for market-beating returns [9][10].

Summary of Latham's Conference Call Company Overview - Latham is a leading producer of inground residential pools, specializing in fiberglass pools, vinyl liners, and pool covers [2][4] - The company is the largest manufacturer of inground swimming pools in North America, Australia, and New Zealand [4] Industry Insights - Fiberglass pools are gaining market share over concrete pools due to lower costs and faster installation [2][12] - The U.S. market for inground pools is currently at 62,000 pools sold in 2024, with expectations of a flat market in 2025 [15][42] - Fiberglass pools represent 23% of all pools installed in the U.S., a number that has increased from 16% in 2019 [14][48] - The company holds a 50% market share in the fiberglass category and is the market leader in other categories with shares of 30-40% [6][7] Growth Strategies - Focus on expanding market share in the "sand states" (Florida, Texas, Arizona, California) where fiberglass pools are underrepresented [4][8] - Strategic priorities include increasing customer awareness, expanding the dealer base, and tailoring products to regional market needs [9][24][30] - The company aims to increase fiberglass pool adoption in the sand states, leveraging demographic similarities to Australia, where fiberglass pools hold a 70% market share [23][24] Financial Performance - The company has implemented restructuring projects to improve operating efficiencies and reduce costs [5][41] - Guidance for 2025 includes an 8% increase in net sales, driven by organic growth and contributions from recent acquisitions [42][43] - EBITDA is projected to increase by 19% compared to 2024, with a target of $95 million in EBITDA for 2025 [44] Market Dynamics - The company has seen a consistent annual conversion rate of 100 basis points towards fiberglass pools [48] - Tariffs are expected to create a $20 million headwind in 2025, but the company has mitigated some of this impact through supply chain strategies and price increases [50][51] - There are no significant cancellations or delays reported, as current installations are based on long-term decisions made by cash buyers [52] Key Takeaways - Latham is well-positioned for growth in the fiberglass pool market, particularly in underrepresented regions - The company is actively managing costs while pursuing strategic growth initiatives - Financial projections indicate a strong outlook for the coming years, despite market challenges and external pressures like tariffs [41][44]