secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001104659-23-057468
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham Q1 net sales down 28% to $137.7M; net loss $14.4M; affirms FY23 guidance
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- Net sales $137.7M, down 28.1% YoY; net loss $14.4M vs $2.8M loss prior year.
- Adjusted EBITDA $11.0M (8.0% margin), down 77% from $48.0M a year ago.
- Gross margin fell to 24.2% from 36.9% on fixed cost deleverage and inflation.
- Cash and revolver availability total $82.0M; total debt $360.5M.
- Affirms FY23 guidance: net sales $565-615M, Adj EBITDA $90-110M, capex $35-40M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923057468/0001104659-23-057468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923057468/tm2315081d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057468

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