secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115002
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923115002/0001104659-23-115002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465923115002/tm2329948d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115002

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