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SWIM

Latham Group, Inc.

https://www.lathampool.com

Industry

Construction

Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was incorporated in 2018 and is headquartered in Latham, New York.

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Latham Group (NASDAQ:SWIM) reported Q2 2024 GAAP EPS of $0.11, significantly beating the analyst estimate of $0.02. Sales were $160.122 million, also surpassing the $158.250 million estimate, despite a 9.60% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:57 pm

Latham has announced the acquisition of Coverstar Central to enhance its product line sales growth and adoption of automatic safety covers. This acquisition is expected to be immediately accretive to earnings and will support Latham's fiberglass conversion strategy. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:56 pm

Latham Group (NASDAQ:SWIM) reported Q2 earnings per share (EPS) of $0.11, significantly beating the analyst estimate of $0.03. Sales were $160.12 million, slightly above the $159.51 million estimate. Despite the earnings beat, sales decreased by 9.60% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:55 pm

PayPal, JetBlue, Lumen Technologies, Commvault Systems, Harmonic, Sprouts Farmers Market, NeoGenomics, Tilray Brands, Howmet Aerospace, Repligen, Varonis Systems, Hayward Holdings, F5, Heidrick & Struggles, Pharming Group, CNO Financial, Latham Group, Stanley Black & Decker, Eagle Materials, NovoCure, Spirit Airlines, Zebra Technologies, Gartner, Phillips 66, Pegasystems, and American Airlines all saw significant stock price increases on Tuesday following better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:46 pm

Shares of companies within the broader consumer discretionary sector are trading higher following a rise in June retail sales, indicating continued consumer spending.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:38 pm

Barclays analyst Matthew Bouley has maintained an Equal-Weight rating on Latham Group (NASDAQ:SWIM) and increased the price target from $2.5 to $4.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:53 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

Latham Group's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:18 pm

The article reports on significant movements in consumer discretionary stocks during Wednesday's intraday session, highlighting both gainers and losers based on their performance. Notably, companies like Cricut, Luminar Technologies, and Mullen Automotive saw substantial increases in their stock prices, largely attributed to their Q1 earnings reports. Conversely, stocks such as Cazoo Group, ODP, and National Vision Holdings experienced declines, with some attributing their performance to recent earnings reports.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 4:31 pm

Louisiana-Pacific Corporation (NYSE:LPX) and other companies such as Cricut, Inc. (NASDAQ:CRCT), Elanco Animal Health Incorporated (NYSE:ELAN), and American Public Education, Inc. (NASDAQ:APEI) saw significant stock price increases following better-than-expected quarterly results. The positive earnings reports led to a surge in stock prices for these companies, with LPX rising 15% after reporting a 24% year-over-year net sales growth.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 3:11 pm

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