---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-029306"
form_type: "8-K"
ticker: "SWIM"
cik: "0001833197"
company_name: "Latham Group, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:12:23.003356+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Latham reports Q4 net sales down 22.3% YoY to $107.9M; guides FY2023 net sales $565M-$615M

## Summary
- Q4 net loss of $19.0M ($0.17/share) vs. net loss of $6.0M a year ago; Adjusted EBITDA $4.4M (4.1% margin), down 84% YoY.
- Full-year FY2022 net sales $695.7M (+10.4% YoY), net loss $5.7M, Adjusted EBITDA $143.3M (+2.5% YoY, margin 20.6%).
- FY2023 guidance: net sales $565M-$615M, Adjusted EBITDA $90M-$110M, capex $35M-$40M; Q1 2023 net sales $120M-$130M, Adj. EBITDA $6M-$10M.
- Cites macro uncertainty, wholesale destocking, and return to seasonality as headwinds; plans to open Kingston, Ontario fiberglass facility in 2023.
- Cash $32.6M, total debt $312.9M, undrawn revolver $75M as of Dec 31, 2022.

## SEC filing metadata
- accession: 0001104659-23-029306
- form_type: 8-K
- ticker: SWIM
- cik: 0001833197
- company_name: Latham Group, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833197/000110465923029306/0001104659-23-029306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833197/000110465923029306/tm238566d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-029306
- JSON: https://secwatch.observer/filing/0001104659-23-029306.json
- Plain text: https://secwatch.observer/filing/0001104659-23-029306.txt

## Key facts
- Earnings Releases
  Latham Group, Inc. reported preliminary financial results for the fiscal fourth quarter and year ended December 31, 2022.
  - Period: the fiscal fourth quarter and year ended December 31, 2022
  - Result: preliminary results
  source text: On March 7, 2023, Latham Group, Inc. (the “Company”) issued a press release announcing its preliminary results for the fiscal fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833197/000110465923029306/0001104659-23-029306-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.