Latham Group Inc

Latham Group Inc

SWIM · NASDAQ · Industrials / Building Products & Equipment

8.26USD+0.07 (+0.85%)

Price History

Full chart

Market Stats

Previous Close8.19
Open8.21
Day Range8.07 – 8.41
52-Week Range4.64 – 8.97
Volume656.05K
Market Cap734.70M
P/E (TTM)124.90
Forward P/E0.00
EPS0.05
Dividend Yield0.00%
Beta1.72
50-Day Avg6.56
200-Day Avg6.18

About

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners. It sells its products directly to dealers and distributors who warehouse the products and sell to dealers under the Latham, The Pool Company brand name, as well as sub-brands comprising Narellan, CoverStar, Radiant, and GLI brands. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.

Company Details

  • SectorIndustrials
  • IndustryBuilding Products & Equipment
  • CEOMr. Sean Gadd B.E., BEng, M.B.A.
  • Employees1.90K
  • Headquarters787 Watervliet Shaker Road, Latham, NY, United States, 12110, USA
  • Websitehttps://lathampool.com

Leadership

  • Mr. Oliver Carsten GloeChief Financial Officer · b. 1975
  • Mr. Sanjeev BahlChief Operating Officer · b. 1971
  • Mr. Sean Gadd B.E., BEng, M.B.A.President, CEO & Director · b. 1973
  • Mr. Patrick M. Sheller J.D.General Counsel & Secretary · b. 1962
  • Ms. Nikki Vaughan MaczkoChief Human Resources Officer · b. 1964
  • Mr. Todd AntonelliChief Commercial Officer · b. 1973
  • Mr. Suraj KunchalaVP & Controller · b. 1976

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue317.98M403.39M630.46M695.74M566.49M508.52M545.91M
Growth (%)-+26.86%+56.29%+10.35%-18.58%-10.23%+7.35%
Cost of Revenue219.82M260.62M426.29M479.27M413.55M354.78M363.82M
Gross Profit98.16M142.77M204.16M216.47M152.94M153.74M182.09M
Gross Margin30.87%35.39%32.38%31.11%27.00%30.23%33.35%
Operating Expense73.03M102.87M240.34M186.46M136.81M135.47M151.51M
Operating Income25.13M39.90M-36.18M30.01M16.13M18.28M30.58M
Operating Margin7.90%9.89%-5.74%4.31%2.85%3.59%5.60%
EBITDA47.08M66.38M3.13M79.62M61.61M60.55M90.65M
EBITDA Margin14.81%16.45%0.50%11.44%10.88%11.91%16.60%
Net Income7.46M15.98M-62.35M-5.69M-2.39M-17.86M11.12M
Net Income Margin2.35%3.96%-9.89%-0.82%-0.42%-3.51%2.04%
Interest Expense22.64M18.25M24.43M15.75M30.92M24.84M25.80M
Interest Expense % of Total Revenue7.12%4.52%3.88%2.26%5.46%4.88%4.73%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets525.71M646.68M794.48M869.68M835.00M794.21M823.22M
Total Liabilities331.92M365.07M440.84M486.89M435.80M406.99M417.36M
Total Equity193.79M281.61M353.64M382.79M399.20M387.22M405.86M
Cash56.66M59.31M43.95M32.63M102.76M56.40M71.04M
Total Debt223.22M221.50M280.41M352.19M333.12M310.83M311.44M
Net Debt166.57M162.19M236.46M319.57M230.36M254.44M240.39M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow35.66M63.16M33.69M32.31M116.37M61.31M51.43M
Investing Cash Flow-27.08M-115.81M-108.20M-45.02M-31.73M-84.64M-30.32M
Financing Cash Flow16.55M54.30M60.02M3.77M-13.88M-22.02M-6.97M
Capital Expenditure8.16M16.26M24.98M39.68M33.19M20.12M25.39M
Free Cash Flow27.49M46.90M8.71M-7.38M83.18M41.19M26.05M
Dividends Paid200.00K582.00K110.03M00--
FCF to OCF77.10%74.25%25.87%-22.83%71.48%67.19%50.64%
Dividend Paid to FCF0.73%1.24%1262.57%0.00%0.00%--

Earnings

Report DateMar 3, 2021Jun 3, 2021Aug 5, 2021Nov 10, 2021Mar 10, 2022May 12, 2022Aug 11, 2022Nov 10, 2022Mar 7, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Mar 12, 2024May 7, 2024Aug 6, 2024Nov 5, 2024Mar 10, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Mar 10, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.100.140.150.060.140.230.17-0.07-0.060.080.12-0.06-0.090.030.06-0.10-0.050.130.10-0.09-0.040.150.15
EPS Actual0.060.11-0.490.140.200.130.050.14-0.05-0.120.050.080.05-0.030.150.08-0.13-0.050.120.08-0.04-0.040.11-
Surprise-10.00%-450.00%-6.67%233.33%-7.14%-78.26%-17.65%28.57%-100.00%-37.50%-33.33%183.33%66.67%400.00%33.33%-29.36%0.00%-7.69%-20.00%53.89%0.00%-26.67%-
Timing-After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap734.70M
Enterprise Value1.01B
Trailing P/E124.90
Forward P/E0.00
Price / Sales1.27
Price / Book1.81
EPS0.05
Book Value3.38
Revenue (TTM)576.64M
Gross Profit (TTM)192.48M
EBITDA87.92M
Profit Margin0.92%
Operating Margin14.12%
Return on Equity1.32%
Return on Assets2.59%
Shares Outstanding117.65M
Shares Float57.45M
Beta1.72
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 8 analystsTarget 8.61
  • Strong Buy
    5
  • Hold
    1
  • Sell
    2

Ownership Breakdown

Institutions
93.26%
Insiders
6.66%
Retail / Other
0.08%

Top Institutional Holders

  • Pamplona Capital Management, LLC
    51.85M44.07%
  • Wellington Management Company LLP
    11.36M9.66%
  • ACK Asset Management LLC
    5.66M4.81%
  • KeyBank National Association
    4.09M3.48%
  • Dimensional Fund Advisors, Inc.
    3.79M3.22%
  • FMR Inc
    3.67M3.12%
  • BlackRock Inc
    3.27M2.78%
  • Wasatch Advisors LP
    2.52M2.15%
  • Vanguard Capital Management, LLC
    2.30M1.96%
  • Formula Growth Ltd
    1.38M1.17%
  • Citadel Advisors Llc
    1.30M1.11%
  • Geode Capital Management, LLC
    1.16M0.99%
  • Gluskin Sheff & Associates Inc
    1.12M0.96%
  • State Street Corp
    948.16K0.81%
  • Silvercrest Asset Management Group LLC
    915.08K0.78%
  • CenterBook Partners LP
    878.65K0.75%
  • Roubaix Capital, LLC
    812.60K0.69%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.66M1.41%
  • iShares Russell 2000 ETF
    1.30M1.11%
  • Wasatch Micro Cap
    1.21M1.03%