secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001104659-25-074179
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham Q2 net sales up 7.8% to $172.6M, EPS $0.13; reaffirms FY guidance; appoints Jeff Jackson to board
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- Net sales $172.6M (+7.8% YoY); net income $16.0M ($0.13 diluted EPS) vs $13.3M ($0.11) in Q2 2024.
- Gross margin expanded 400 bps to 37.1% on higher volumes, lean manufacturing, and Coverstar acquisitions.
- Adjusted EBITDA $39.9M (23.1% margin), up 15.7% YoY; FY2025 guidance reaffirmed: net sales $535M-$565M, Adj. EBITDA $90M-$100M.
- Cover sales surged 46% YoY (incl. Coverstar); liner sales +6%; fiberglass pools ~75% of in-ground pool sales.
- Jeffrey T. Jackson appointed to Board and Audit Committee, effective Aug 5; Board expands from 8 to 9 directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000110465925074179/0001104659-25-074179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000110465925074179/tm2522355d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-074179

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