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Latham Group, Inc.

Latham Group, Inc.

NASDAQ•SWIM
CEO: Mr. Scott M. Rajeski
Sector: Industrials
Industry: Construction
Listing Date: 2021-04-23
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.
Contact Information
787 Watervliet Shaker Road, Latham, NY, 12110, United States
800-833-3800
ir.lathampool.com
Market Cap
$792.09M
P/E (TTM)
-71.7
63.6
Dividend Yield
--
52W High
$8.46
52W Low
$4.56
52W Range
57%
Rank59Top 87.6%
2.2
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$161.90M+7.58%
4-Quarter Trend

EPS

$0.07+36.47%
4-Quarter Trend

FCF

$45.21M+36.13%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Sales Growth Net sales grew 7.6% to $161.9M for the quarter; YTD sales increased 5.9% to $446.0M.
Net Income Substantial Improvement Quarterly net income rose 37.7% to $8.1M; YTD net income jumped 60.3% to $18.1M.
Margin Expansion Strong Quarterly gross margin improved 3.0% to 35.4%; Adjusted EBITDA margin reached 23.7% this quarter.
Cash Position Strengthened Cash balance increased to $70.5M as of September 27, 2025, up from $56.4M at year-end 2024.

Risk Factors

2025 New Pool Starts Outlook Management projects 2025 new pool starts will be flat to slightly down compared to 2024 levels.
Interest Rate Swap Exposure 1% rate change impacts annual interest expense by approximately $1.4M due to variable debt exposure.
No Active Share Repurchase The prior $100M stock repurchase program expired in May 2025; no effective program currently exists.
Macroeconomic Uncertainty Monitoring Closely monitoring macroeconomic conditions and geopolitical factors potentially impacting consumer confidence and sales volumes.

Outlook

Strategic Acquisition Integration Continued integration of Coverstar Central and two smaller autocover dealers driving margin benefits and growth.
Capital Expenditure Reduction Reduced 2025 capital expenditure estimate due to greater-than-expected efficiency in ongoing technology projects.
Fiberglass Pool Conversion Focus Continued investment in R&D and sales efforts designed to accelerate conversion to fiberglass pool products.
Debt Covenants Compliance Company remains in compliance with all financial covenants under the Credit Agreement as of September 27, 2025.

Peer Comparison

Revenue (TTM)

Hertz Global Holdings, Inc.HTZ
$8.52B
-7.4%
Quanex Building Products CorporationNX
$1.84B
+43.8%
Alta Equipment Group Inc.ALTG
$1.82B
-4.0%

Gross Margin (Latest Quarter)

Willis Lease Finance CorporationWLFC
93.4%
+16.0pp
Marten Transport, Ltd.MRTN
64.5%
+52.1pp
Thermon Group Holdings, Inc.THR
46.4%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HTZ$1.72B-1.7443.9%34.5%
THR$1.40B23.711.8%19.5%
WLFC$1.27B11.419.5%65.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
22.9%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 3, 2026
|
EPS:-$0.09
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Nov 5, 2025|
    Revenue: $161.90M+7.6%
    |
    EPS: $0.07+36.5%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Aug 6, 2025|
    Revenue: $172.64M+7.8%
    |
    EPS: $0.14+16.7%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 7, 2025|
    Revenue: $111.42M+0.7%
    |
    EPS: $-0.05-24.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 5, 2025|
    Revenue: $508.52M-10.2%
    |
    EPS: $-0.15-607.5%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Nov 6, 2024|
    Revenue: $150.50M-6.4%
    |
    EPS: $0.05-5.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Aug 7, 2024|
    Revenue: $160.12M-9.6%
    |
    EPS: $0.12+135.8%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: May 8, 2024|
    Revenue: $110.63M-19.7%
    |
    EPS: $-0.07-47.4%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 13, 2024|
    Revenue: $566.49M-18.6%
    |
    EPS: $-0.02+57.9%
    Beat