earnings
confidence high
sentiment negative
materiality 0.85
Latham Group Q2 net sales $206.8M (+14.3% YoY); FY22 guidance cut as packaged pools soften
Latham Group, Inc.
2022-Q2 EPS reported
$0.01
revenue$398,414,000
- Net sales $206.8M (+14.3% YoY); net income $4.3M vs loss $53.6M; Adj EBITDA $48.7M (+13.5%).
- Repurchased 2M shares for $15M in Q2; $85M remains under buyback authorization.
- FY22 outlook cut: net sales now $750-770M (prev $850-880M); Adj EBITDA $165-175M (prev $185-205M).
- Softness in packaged pools due to destocking and weather; fiberglass pool demand remains robust.