secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0000950142-22-001602
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham posts Q1 net sales up 28.8% to $191.6M, net loss $2.8M; affirms FY22 guidance, announces $100M buyback
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- Net sales $191.6M (+28.8% YoY); net loss $2.8M vs net income $8.5M prior year; adjusted EBITDA $48.0M (+43.1%).
- Fiscal 2022 guidance reaffirmed: net sales $850M-$880M, adjusted EBITDA $185M-$205M, capex $45M-$60M.
- Expects H1 net sales ~46%-48% of full year due to supply chain challenges, weather, and Odessa, TX facility fire.
- Approved $100M share repurchase program over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000095014222001602/0000950142-22-001602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000095014222001602/eh220251562_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-001602

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer