Latham Group Q4 sales $90.9M (-15.8% YoY); FY net loss $2.4M; guides 2024 sales $490-520M

Latham Group, Inc.

Q4 net sales $90.9M, down 15.8% YoY; net income $0.1M vs loss $19.0M prior year.
Full year net sales $566.5M (-18.6% YoY); net loss $2.4M vs $5.7M prior year.
Adjusted EBITDA Q4 $9.9M (10.9% margin) vs $4.4M; FY $88.0M (15.5% margin) vs $143.3M.
Cash $102.8M at year-end, record; net debt leverage 2.25; operating cash flow $116.4M.
FY 2024 guidance: net sales $490-520M, adjusted EBITDA $60-70M, capex $18-22M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Latham Group, Inc. updated its the fiscal fourth quarter and year ended December 31, 2023 guidance (initiated).

Period: the fiscal fourth quarter and year ended December 31, 2023
Guidance: initiated
Result: preliminary results

Exact text from the filing

On March 12, 2024, Latham Group, Inc. (the "Company") issued a press release announcing its preliminary results for the fiscal fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-033474

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