secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001104659-24-058015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham Group Q1 sales $110.6M, net loss $7.9M, adj. EBITDA $12.3M
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- Net sales $110.6M, down 19.7% YoY; gross margin expanded 350 bps to 27.7%.
- Net loss $7.9M ($0.07/share) vs $14.4M loss ($0.13) in Q1 2023.
- Adjusted EBITDA $12.3M, up 11.4% YoY; margin 11.1% vs 8.0%.
- Reaffirmed FY2024 guidance: net sales $490-520M, adj. EBITDA $60-70M.
- Ended Q1 with cash $43.8M; repaid $18.8M debt; net debt leverage 2.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465924058015/0001104659-24-058015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465924058015/tm2413566d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-058015

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