earnings
confidence high
sentiment negative
materiality 0.75
Latham Q3 net sales up 27% to $162M, but net loss of $11.3M; affirms FY guidance
Latham Group, Inc.
2021-Q3 EPS reported
-$0.51
revenue$491,592,000
- Net sales $162.0M, +27% YoY; net loss $11.3M vs net income $17.7M prior year.
- Adjusted EBITDA $36.1M, +2.7% YoY; margin fell to 22.3% from 27.6%.
- Raw material shortages constrained fiberglass pool volume and profit flow-through.
- Reaffirms FY2021 net sales $600-$620M and Adj. EBITDA $130-$138M guidance.
- Narrows FY2021 capex to $24-$28M from prior $28-$36M.