Latham Group, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Provides 2024 Guidance
Latham Group, Inc. (SWIM)
Company Research
Source: GlobeNewswire
Full Year 2023 Sales Outperformed the U.S. In-Ground Pool Market in 2023 Driven by Continued Fiberglass Conversion Substantially Reduced Cost Structure During 2023 Full Year Operating Cash Flow of $116 Million Yielded Record Cash Position of $100 Million at Year-End 2024 Guidance Anticipates Continued Ability to Outperform Industry Amid Difficult Market Conditions Fourth Quarter 2023 Highlights: Net sales of $90.9 million, down 15.8% year-over-yearNet income of $0.1 million improved from prior year’s net loss of $19.0 million; Net income margin was 0.1%Adjusted EBITDA of $9.9 million, compared to last year’s $4.4 million; Adjusted EBITDA margin was 10.9% Full Year 2023 Highlights: Net sales of $566.5 million, down 18.6% year-over-yearNet loss of $2.4 million versus a net loss of $5.7 million in the prior year period; Net loss margin was 0.4%Adjusted EBITDA of $88.0 million, down 38.6% year-over-year; Adjusted EBITDA margin was 15.5% LATHAM, N.Y., March 12, 2024 (GLOBE NEWS
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News
- Latham Group, Inc. Announces First Quarter 2024 Earnings Release and Conference Call DateGlobeNewswire
- Latham Group, Inc. (NASDAQ: SWIM) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating. They now have a $4.00 price target on the stock, up previously from $3.00.MarketBeat
- Latham Group Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Latham Group (SWIM) Posts Breakeven Q4 Earnings, Tops on Sales [Yahoo! Finance]Yahoo! Finance
- Latham Group, Inc. (NASDAQ:SWIM) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SWIM
Earnings
- 3/12/24 - Beat
SWIM
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- SWIM's page on the SEC website