secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001104659-24-114311
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465924114311/0001104659-24-114311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465924114311/tm2427412d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114311

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