Latham Q2 net sales up 60.3% to $180.9M; net loss of $53.6M; raises lower end of FY guidance

Latham Group, Inc.

2021-Q2 EPS reported -$0.41 revenue$329,635,000

Net sales $180.9M (+60.3% YoY); net loss $53.6M vs net income $16.4M last year due to $75.5M non-cash stock-based compensation.
Adjusted EBITDA $42.8M (+29.5% YoY) with 23.7% margin; six-month Adjusted EBITDA $76.4M (+144.7%).
Raises FY2021 net sales guidance to $600-620M; Adjusted EBITDA guidance raised to $130-138M (prior $126-138M).
New 170,000 sq ft fiberglass pool plant in Ontario, Canada; construction late 2021, operational by 2024.
Cash $76.5M, total debt $237.3M; net cash from ops $14.2M in H1.

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