Latham Q3 net sales down 6.4% YoY to $150.5M; narrows FY2024 guidance

Latham Group, Inc.

2024-Q3 EPS reported $0.10 revenue$421,247,000

Net sales of $150.5M, down from $160.8M YoY; net income $5.9M ($0.05 EPS), flat vs $6.2M prior year.
Adjusted EBITDA $29.8M (19.8% margin) vs $36.1M (22.4%) YoY, down 17.3%.
Gross margin expanded 250bps to 32.4% on production efficiencies and Coverstar Central acquisition.
Fiberglass pool sales tracking to ~75% of total in-ground pool sales in 2024, gaining share.
Narrows FY2024 guidance: net sales $500-510M, Adj. EBITDA $77-83M (prev ranges $495-525M and $75-85M).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.