earnings
confidence high
sentiment positive
materiality 0.80
Latham Group Q4 sales up 24% to $138.9M; FY2022 guidance $850-880M revenue
Latham Group, Inc.
- Q4 net sales $138.9M (+24.1% YoY); Adj. EBITDA $27.3M (+56.5%), margin 19.7%.
- FY2021 net sales $630.5M (+56.3% YoY); Adj. EBITDA $139.8M (+66.8%), margin 22.2%.
- GAAP net loss $62.3M ($0.56/share) for FY2021 due to $128.8M non-cash stock compensation.
- FY2022 guidance: net sales $850-880M, Adj. EBITDA $185-205M, capex $45-60M.
- Q1 2022 net sales expected $170-180M.