secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001104659-21-100410
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465921100410/0001104659-21-100410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465921100410/tm2124197d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-100410

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