Latham Group, Inc. faces valuation concerns despite growth in the fiberglass pool market, with declining revenue and profitability struggles in Q4 2024. Expansion in the Sand States shows promise, but competition from concrete pool builders and market adoption challenges persist. Tariffs, supply chain issues, and cash flow pressures complicate Latham's financial outlook, raising questions about sustainable growth.
Latham Group, Inc. (NASDAQ:SWIM ) Q4 2024 Earnings Conference Call March 4, 2025 4:30 PM ET Company Participants Casey Kotary - Investor Relations Representative Scott Rajeski - President and Chief Executive Officer Oliver Gloe - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Andrew Carter - Stifel Tim Wojs - Baird Greg Palm - Craig-Hallum Capital Group Scott Stringer - Wolfe Research Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Shaun Calnan - Bank of America Operator Good afternoon, and welcome to the Latham Group Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Latham Group (SWIM) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.
Latham's In-Ground Pool Sales Outperformed the U.S. Pool Market in 2024 Driven by Fiberglass Share Gains and Increased Adoption of Automatic Safety Covers Year-on-Year Margin Expansion Reflects Lower Cost Structure and Cost Discipline Amid Ongoing Investments to Drive Future Growth Full Year Operating Cash Flow of $61 Million; Year-End Cash Balance of $56 Million after $86 Million of Acquisition Payments and Debt Paydowns 2025 Guidance Anticipates 8% Sales Growth and 19% Growth in Adjusted EBITDA at the Midpoints Fourth Quarter 2024 Financial Highlights: Net sales of $87.3 million Net loss of $29.2 million / Net loss per diluted share of $0.25 Adjusted EBITDA of $3.6 million / 4.2% of Net sales Full Year 2024 Financial Highlights: Net sales of $508.5 million Net loss of $17.9 million / Net loss per diluted share of $0.15 Adjusted EBITDA of $80.2 million / 15.8% of Net sales LATHAM, N.Y., March 04, 2025 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the fourth quarter and full year ended December 31, 2024.
Emphasizing operational efficiency and increased government spending brings optimism for OC, AWI, FTDR, ROCK, and SWIM.
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LATHAM, N.Y., Dec. 03, 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 Scott Rajeski, President and Chief Executive Officer, and Oliver Gloe, Chief Financial Officer, will host investor meetings at the Wolfe December Small Group/1x1 Conference on Tuesday, December 10. This event will be hosted virtually.
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Leading pool manufacturer offers the industry's only line to include both fiberglass and vinyl liner options Leading pool manufacturer offers the industry's only line to include both fiberglass and vinyl liner options