Highest-materiality recent filing
Latham Group refinances debt: new $300M term loan and $75M revolver, maturing 2033/2031
New senior secured credit agreement with Jefferies Finance as administrative agent; replaces Feb 2022 Barclays facility.
Latham Q2 net sales up 14.4% to $197.5M; raises FY 2026 guidance
Net sales $197.5M (+14.4% YoY); organic growth 10.3%; Sand States sales up double-digit.
Latham Group Q1 net sales up 5.3% to $117.3M; reaffirms FY 2026 guidance
Net loss of $8.5M ($0.07 diluted EPS) vs $6.0M loss in prior year; adjusted EBITDA +9.2% to $12.2M.
Latham corrects cash flow, reports Q4 sales up 14.5% to $100M, FY net income $11.1M
Corrected FY 2025 operating cash flow to $63.4M (previously $51.4M) due to $12M deposit reclassification.
Latham posts Q4 net sales $100M (+14.5%), full-year net income $11.1M, guides FY2026 sales $580-610M
Q4 net sales $100.0M (+14.5% YoY); net loss narrowed to $7.0M from $29.2M loss.
Latham Group names Sean Gadd as new CEO; Scott Rajeski retires after 8 years
Scott Rajeski to retire as CEO and board member effective Jan 4, 2026; will serve as special advisor for ~6 months.
Latham Group Q3 net sales up 7.6% to $161.9M, raises FY2025 guidance midpoints
Net sales $161.9M (+7.6% YoY), net income $8.1M (+37.7%), diluted EPS $0.07 vs $0.05.
Net sales $172.6M (+7.8% YoY); net income $16.0M ($0.13 diluted EPS) vs $13.3M ($0.11) in Q2 2024.
Latham Group Q4 net loss $29.2M; FY loss $17.9M; guides FY25 sales +8%, Adj. EBITDA +19%
Q4 net sales $87.3M (-4% YoY); net loss $29.2M ($0.25/diluted share) vs prior year net income $0.1M.
Latham Q3 net sales down 6.4% YoY to $150.5M; narrows FY2024 guidance
Net sales of $150.5M, down from $160.8M YoY; net income $5.9M ($0.05 EPS), flat vs $6.2M prior year.
Q2 net sales $160.1M, down 9.6% YoY; net income $13.3M ($0.11 diluted EPS) up from $5.7M.
Latham Group Q1 sales $110.6M, net loss $7.9M, adj. EBITDA $12.3M
Net sales $110.6M, down 19.7% YoY; gross margin expanded 350 bps to 27.7%.
Latham Group Q4 sales $90.9M (-15.8% YoY); FY net loss $2.4M; guides 2024 sales $490-520M
Q4 net sales $90.9M, down 15.8% YoY; net income $0.1M vs loss $19.0M prior year.
Latham Q3 sales $160.8M (-15% YoY), guidance lowered for FY2023
Net sales $160.8M, down 15.1% YoY; net income $6.2M vs $11.9M prior year.
Latham Group appoints Oliver Gloe as CFO effective Nov 13, 2023; Borseth transitions to advisor
Oliver Gloe appointed CFO of Latham Group (Nasdaq: SWIM), effective Nov 13, 2023; will join as VP Finance on Oct 30.
Latham Q2 net sales $177.1M, down 14.3% YoY; guides FY net sales $570-600M
Net sales $177.1M (-14.3% YoY); net income $5.7M vs $4.3M; adjusted EBITDA $31.0M (17.5% margin).
Latham Q1 net sales down 28% to $137.7M; net loss $14.4M; affirms FY23 guidance
Net sales $137.7M, down 28.1% YoY; net loss $14.4M vs $2.8M loss prior year.
Latham reports Q4 net sales down 22.3% YoY to $107.9M; guides FY2023 net sales $565M-$615M
Q4 net loss of $19.0M ($0.17/share) vs. net loss of $6.0M a year ago; Adjusted EBITDA $4.4M (4.1% margin), down 84% YoY.
Latham Group CFO Robert Masson resigns; reaffirms FY2022 guidance
Robert Masson to resign as CFO effective March 17, 2023 for family reasons; no disagreement on matters.
Latham Group Q3 net sales +16.9% to $189.4M; guides FY net sales $685-700M, down from $750-770M
Q3 net income $11.9M ($0.10/sh) vs loss $11.3M ($0.10 loss) YoY; adjusted EBITDA $42.3M (+17%).
Latham Group Q2 net sales $206.8M (+14.3% YoY); FY22 guidance cut as packaged pools soften
Net sales $206.8M (+14.3% YoY); net income $4.3M vs loss $53.6M; Adj EBITDA $48.7M (+13.5%).
Latham Group director O'Brien resigns from board; Wynnchurch Funds waive rights, cap vote at 9.9%
Director Christopher O'Brien resigned effective July 20, 2022; no disagreement with management or board.
Net sales $191.6M (+28.8% YoY); net loss $2.8M vs net income $8.5M prior year; adjusted EBITDA $48.0M (+43.1%).
Latham Group Q4 sales up 24% to $138.9M; FY2022 guidance $850-880M revenue
Q4 net sales $138.9M (+24.1% YoY); Adj. EBITDA $27.3M (+56.5%), margin 19.7%.
Latham Group acquires Radiant Pools for $90M in cash; expands into aluminum-walled pool category
Acquired Radiant Pools for $90M in cash; ~$88M paid at closing, $0.9M in escrow.
Latham Q3 net sales up 27% to $162M, but net loss of $11.3M; affirms FY guidance
Net sales $162.0M, +27% YoY; net loss $11.3M vs net income $17.7M prior year.
Latham Q2 net sales up 60.3% to $180.9M; net loss of $53.6M; raises lower end of FY guidance
Net sales $180.9M (+60.3% YoY); net loss $53.6M vs net income $16.4M last year due to $75.5M non-cash stock-based compensation.
On May 1, 2025, Joshua D. Cowley, Chief Commercial Officer of the Company, notified the Company that he will resign from his position with the Company effective as of May 16, 2025 to pursue another opportunity.
On October 9, 2024, Robert D. Evans notified the Board of Directors (the “Board”) of Latham Group, Inc. (the “Company”) that he will resign as a Class II member of the Board and as Chair of the Audit Committee of the Board (the “Audit Committee”), each effective immediately.
On October 9, 2024, the Board appointed Frank J. Dellaquila, age 67, to the Board as a Class II member of the Board and to serve as Chair of the Audit Committee, in each case effective immediately to fill the vacancy upon the resignation of Mr. Evans.
On February 21, 2024, Alexander L. Hawkinson notified the Board of Directors (the “Board”) of Latham Group, Inc. (the “Company”) that he is resigning as a Class III member of the Board, effective immediately.
appointed Oliver C. Gloe, age 49, as Vice President, Finance of the Company and Latham Pool Products, Inc., a subsidiary of the Company (collectively, the “Latham Companies”), effective from October 30, 2023 until November 12, 2023, and Chief Financial Officer of the Latham Companies, effective November 13, 2023.
On March 30, 2023, the Board appointed DeLu Jackson, age 50, to the Board as a Class I member of the Board to fill an existing vacancy on the Board following the departure of a Class I member in July 2022.
On March 29, 2023, Dane L. Derbyshire notified the Board of Directors (the “Board”) of Latham Group, Inc. (the “Company”) that he will resign as a Class III member of the Board and member of the Nominating and Corporate Governance Committee of the Board (the “Nominating and Corporate Governance Committee”), each effective immediately, in connection with his departure from Pamplona Capital Management.
On March 30, 2023, the Board appointed Brian Pratt, age 28, to the Board as a Class III member of the Board and to serve as a member of the Nominating and Corporate Governance Committee to fill the vacancy upon the resignation of Mr. Derbyshire, effective immediately.
Following the Effective Date, Mr. Borseth will become the Company’s Interim Chief Financial Officer .
On January 16, 2023, Robert L. Masson II, Chief Financial Officer of Latham Group, Inc. (the “Company”), notified the Company that he will resign his position with the Company effective as of March 17, 2023 (the “Effective Date”) for family reasons.
On July 20, 2022, Christopher O’Brien notified the Board of Directors (the “Board”) of Latham Group, Inc. (the “Company”) that he will resign effective immediately.
On June 14, 2022, Latham Group, Inc. (the “Company”) (Nasdaq: SWIM) announced that in connection with the retirement of its Chief Financial Officer, J. Mark Borseth, the Company has appointed Robert L. Masson II as the Chief Financial Officer of the Company, effective as of July 11, 2022
Max materiality 0.85 · Median 0.60 · Most common event earnings