---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115002"
form_type: "8-K"
ticker: "SWIM"
cik: "0001833197"
company_name: "Latham Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:10:53.983031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Latham Q3 sales $160.8M (-15% YoY), guidance lowered for FY2023

## Summary
- Net sales $160.8M, down 15.1% YoY; net income $6.2M vs $11.9M prior year.
- Adjusted EBITDA $36.1M, 22.4% margin, down 14.6% YoY but margin flat.
- FY2023 guidance reduced: net sales $555-570M, Adj. EBITDA $82-87M.
- Strong cash flow; repaid $10M debt; cash $78.1M, total debt $301.6M.
- CEO states industry softness will last longer than previously assumed.

## SEC filing metadata
- accession: 0001104659-23-115002
- form_type: 8-K
- ticker: SWIM
- cik: 0001833197
- company_name: Latham Group, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833197/000110465923115002/0001104659-23-115002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833197/000110465923115002/tm2329948d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115002
- JSON: https://secwatch.observer/filing/0001104659-23-115002.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115002.txt

## Key facts
- Earnings Releases
  Latham Group, Inc. reported the fiscal third quarter ended September 30, 2023 results: revenue $160.8 million, net income $6.2 million, EPS $0.05 per share. Guidance reaffirmed.
  - Period: the fiscal third quarter ended September 30, 2023
  - Revenue: $160.8 million
  - Net income: $6.2 million
  - EPS: $0.05 per share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: announced financial results for the third quarter and first nine months of its fiscal year 2023 ended September 30, 2023. Third Quarter Fiscal 2023 Highlights: · Net sales of $160.8 million, down 15.1% year-over-year · Net income of $6.2 million versus net income of $11.9 million in the prior year period, representing a 3.8% net income margin · Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833197/000110465923115002/0001104659-23-115002-index.htm

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