Latham Group Q3 net sales +16.9% to $189.4M; guides FY net sales $685-700M, down from $750-770M

Latham Group, Inc.

2022-Q3 EPS reported $0.12 revenue$587,812,000

Q3 net income $11.9M ($0.10/sh) vs loss $11.3M ($0.10 loss) YoY; adjusted EBITDA $42.3M (+17%).
FY 2022 net sales guidance cut to $685-700M from $750-770M; adjusted EBITDA to $140-145M from $165-175M.
Cost reduction actions: workforce reduction and Bossier City, LA closure; ~$2M charges, $12M annualized savings.
Acquired fiberglass pool manufacturing assets in Seminole, OK; production expected early 2023.
Nine-month net sales $587.8M (+19.6%); net income $13.3M vs loss $56.4M; adjusted EBITDA $138.9M (+23.5%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Latham Group, Inc. reported nine months ended October 1, 2022 results: revenue $587.8 million, net income $13.3 million, EPS $0.12 per share.

Period: nine months ended October 1, 2022
Revenue: $587.8 million
Net income: $13.3 million
EPS: $0.12 per share
Result: preliminary results

Exact text from the filing

Net sales for the nine months ended October 1, 2022 increased to $587.8 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Latham Group, Inc. reported third quarter of its fiscal year 2022 ended October 1, 2022 results: revenue $189.4 million, net income $11.9 million, EPS $0.10 per share.

Period: third quarter of its fiscal year 2022 ended October 1, 2022
Revenue: $189.4 million
Net income: $11.9 million
EPS: $0.10 per share
Result: preliminary results

Exact text from the filing

and New Zealand, today announced financial results for the third quarter of its fiscal year 2022 ended October 1, 2022. Third Quarter Fiscal 2022 Highlights: · Net sales of $189.4 million, up 16.9% year-over-year · Net income of $11.9 million versus net loss of $11.3 million in the prior year period, representing a 6.3% net income margin · Adjusted EBITDA of $42.3

View on SEC.gov

Browse all earnings releases →

Latham Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950142-22-003130

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.