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Stock impact report

Latham Group, Inc. Reports First Quarter Fiscal 2021 Financial Results

Latham Group, Inc. (SWIM) 
Company Research Source: GlobeNewswire
Sales Growth Driven by Strong Consumer Demand Across Product Portfolio Company Introduces Outlook for Full Fiscal Year 2021 LATHAM, N.Y., June 03, 2021 (GLOBE NEWSWIRE) -- Latham Group, Inc. (NASDAQ: SWIM) (“Latham” or "the Company"), the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand, today announced financial results for the first quarter of its fiscal year 2021 ended April 3, 2021. First Quarter Highlights: Net sales of $148.7 million, up $97.6 million or 191% year-over-yearNet income of $8.5 million, up $24.0 million year-over-yearAdjusted EBITDA of $33.5 million up $35.4 million year-over-year, representing 22.5% Adjusted EBITDA margin “Our strong first quarter results reflect robust consumer demand for our products as homeowners continue to invest in outdoor living,” commented Scott Rajeski, President and Chief Executive Officer of Show less Read more
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