earnings
confidence high
sentiment positive
materiality 0.75
Latham Q2 net sales up 14.4% to $197.5M; raises FY 2026 guidance
Latham Group, Inc.
- Net sales $197.5M (+14.4% YoY); organic growth 10.3%; Sand States sales up double-digit.
- Net income $12.8M ($0.11 diluted EPS) vs $16.0M ($0.13) prior year; FX loss of $5.0M.
- Adjusted EBITDA $44.6M (+11.9% YoY); margin 22.6% (down 50 bps) due to ramp-up costs.
- Gross margin 35.5% (down 160 bps) including $2.8M of quarter-specific ramp-up costs (140 bps).
- FY 2026 guidance raised: net sales $600-620M (midpoint +11.7%), Adj. EBITDA $110-120M (+15.2%).