secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0000950142-22-003130
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000095014222003130/0000950142-22-003130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000095014222003130/eh220302766_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-003130

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