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]

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 [1] - The company is headquartered in Latham, NY, and operates with approximately 1,850 employees across around 30 locations [1] Upcoming Investor Conferences - On June 3, 2025, the President and CEO, Scott Rajeski, and CFO, Oliver Gloe, will host investor meetings at the Stifel 2025 Cross Sector Insight Conference in Boston, MA [2] - On June 4, 2025, Scott Rajeski and Chris Daley, VP of Finance, will participate in a fireside chat at the Baird 2025 Global Consumer, Technology & Services Conference in New York, NY [2] - On June 5, 2025, CFO Oliver Gloe and Joshua Rickaby will present at William Blair's 45th Annual Growth Stock Conference in Chicago, IL [2] - Interested parties can access live webcasts and archived presentations through the company's investor relations website [2]

Group 1 - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand [1] - The company has approximately 1,850 employees across around 30 locations [1] - Management will attend several upcoming investor conferences, including a virtual event on May 15, 2025, and an in-person event on May 28, 2025 [2] Group 2 - The Chief Financial Officer and other executives will host investor meetings at the Wolfe Research May Small Group/1x1 Conference and Craig-Hallum's 22nd Annual Institutional Investor Conference [2] - The in-person conference will take place at the Depot Renaissance Minneapolis Hotel in Minneapolis, MN [2]