Core Insights - Latham Group, Inc. has become an official sponsor of USA Artistic Swimming, aligning with the organization's commitment to excellence and the love of swimming [1][4] - The partnership aims to inspire families to enjoy swimming and promote water safety through storytelling and advocacy [4][5] Company Overview - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools and accessories in North America, Australia, and New Zealand, with over 60 years of experience [6] - The company operates across 24 locations, offering a wide range of pool products, including fiberglass and vinyl liner pools, as well as automatic safety covers [6] Partnership Details - The sponsorship will leverage Latham's national presence to raise awareness for artistic swimming and showcase the features of Latham pools through the Olympic team's performances [4] - Latham plans to highlight the stories of USA Artistic Swimming athletes on its website and social media, emphasizing the importance of early water confidence [4][5] Industry Context - USA Artistic Swimming serves as the national governing body for the sport in the U.S., focusing on performance, innovation, and inclusion [7] - The partnership reflects a shared vision between Latham and USA Artistic Swimming to promote the benefits of swimming and artistic expression through the sport [2][5]

Financial Performance - Q4 2024 net sales decreased to $87 million from $91 million in Q4 2023[18] - Q4 2024 Adjusted EBITDA decreased to $4 million from $10 million in Q4 2023[18] - Full year 2024 net sales decreased to $509 million from $566 million in 2023[22] - Full year 2024 Adjusted EBITDA decreased to $80 million from $88 million in 2023[22] - The company achieved $4 million in savings from restructuring programs and $9 million from cost reduction actions in 2024[26] Strategic Initiatives & Acquisitions - Coverstar Central acquisition, closed in August 2024, is expected to increase annualized net sales by $20 million and expand annualized Adjusted EBITDA margin by 140 bps[34] - Coverstar New York and Coverstar Tennessee acquisitions are expected to increase annualized net sales by a combined $5 million and Adjusted EBITDA by a combined $1 million[34] - The company is targeting Master Planned Communities, where approximately 30,000 new homes were constructed in 2023, with 75% of the largest communities located in Florida and Texas[10] 2025 Outlook - The company forecasts flat new U S pool starts in 2025 compared to 2024[16, 37] - The company projects net sales between $535 million and $565 million and Adjusted EBITDA between $90 million and $100 million for full year 2025[35] - Capital expenditures are expected to be between $27 million and $33 million in 2025[35]