Latham Group Inc is a prominent manufacturer of high-quality, fiberglass swimming pools, primarily serving the residential market
The company specializes in designing and producing a variety of pool styles and features, catering to the diverse preferences of homeowners looking to enhance their outdoor living spaces. In addition to pools, Latham Group also offers a range of associated products, such as pool accessories and maintenance solutions, aimed at providing a comprehensive and enjoyable swimming experience. Through innovation and customer commitment, Latham Group has established itself as a leader in the swimming pool industry.
Shares of residential swimming pool manufacturer Latham (NASDAQSWIM)
jumped 32.8% in the morning session after the company reported strong fourth quarter 2024 results and provided optimistic full-year revenue and EBITDA guidance, which beat analysts' expectations. Precisely, the company projected an 8% sales increase and nearly 19% adjusted EBITDA growth in 2025, supported by market share gains in fiberglass pools and the benefits of its Coverstar acquisition. Sales also exceeded Wall Street's estimates during the quarter. On the other hand, its EPS missed. Still, this quarter had some key positives.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
The swimming pool designer projected 2025 net sales between $535 million and $565 million, while analysts, on average, expect the company to post $529.8 million in sales.
Residential swimming pool manufacturer Latham (NASDAQSWIM) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4% year on year to $87.27 million. The company’s full-year revenue guidance of $550 million at the midpoint came in 3.8% above analysts’ estimates. Its GAAP loss of $0.25 per share was 93.3% below analysts’ consensus estimates.
LATHAM, N.Y., Feb. 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 that it will release financial results for the fourth quarter and full year 2024 on Tuesday, March 4, 2025, 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.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the leisure products industry, including Latham (NASDAQSWIM) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Clarus (NASDAQCLAR) and its peers.
Latham has been on fire lately. In the past six months alone, the company’s stock price has rocketed 140%, reaching $6.40 per share. This performance may have investors wondering how to approach the situation.
Let’s dig into the relative performance of American Outdoor Brands (NASDAQAOUT) and its peers as we unravel the now-completed Q3 leisure products earnings season.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the leisure products industry, including Johnson Outdoors (NASDAQJOUT) and its peers.
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.
