Latham Group, Inc. Reports Third Quarter 2024 Financial Results
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Latham Group, Inc. (Nasdaq: SWIM) reported its Q3 2024 financial results, showing net sales of $150.5 million and net income of $5.9 million. The company highlighted strong fiberglass pool sales and cost reductions through lean manufacturing and value engineering. Latham also narrowed its full-year 2024 net sales and adjusted EBITDA guidance ranges.
November 05, 2024 | 9:30 pm
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Latham Group, Inc. reported Q3 2024 financial results with net sales of $150.5 million and net income of $5.9 million. The company showed strong performance in fiberglass pool sales and achieved cost reductions through lean manufacturing and value engineering. Latham narrowed its full-year 2024 guidance ranges.
The financial results indicate a positive performance with strong sales in fiberglass pools and effective cost management. The narrowing of guidance suggests confidence in meeting targets, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100