earnings
confidence high
sentiment positive
materiality 0.70
Latham Group Q3 net sales up 7.6% to $161.9M, raises FY2025 guidance midpoints
Latham Group, Inc.
2025-Q3 EPS reported
$0.15
revenue$445,962,000
- Net sales $161.9M (+7.6% YoY), net income $8.1M (+37.7%), diluted EPS $0.07 vs $0.05.
- Gross margin expanded 300 bps to 35.4%; Adjusted EBITDA $38.3M (+28.5%), margin 23.7%.
- Narrowed FY2025 guidance: net sales $540-550M, adj. EBITDA $92-98M, capex $22-24M.
- Fiberglass pools on track for ~75% of full-year in-ground pool sales; covers/liners drove growth.
- Net debt leverage improved to 2.3x from 3.0x Q2 2025; cash $70.5M.