Business
Latham Group, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Provides 2026 Guidance
Strong Fourth Quarter and Full Year Results as Latham Continued to Outperform the U.S. In-Ground ...
About this update from Swmbrd Sports, Inc.
[{"type":"text","content":"Latham Group, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Provides 2026 Guidance\nStrong Fourth Quarter and Full Year Results as Latham Continued to Outperform the U.S. In-Ground Pool Market Year-on-Year Margin Expansion Reflected Lower Cost Structure and Cost Discipline, While Increasing Investments to Drive Future GrowthIn February 2026, Latham Acquired Freedom Pools, Significantly Expanding Australia/New Zealand Market Position; Transaction is Expected to be Immediately Accretive to Earnings2026 Guidance Anticipates 9.0% Net Sales Growth and 12.7% Adjusted EBITDA Growth at the Midpoints Fourth Quarter 2025 Financial Highlights: Net sales of $100.0 million up 14.5%Net loss of $7.0 million / Net loss per diluted share of $0.06 vs. net loss per diluted share of $0.25 in prior yearAdjusted EBITDA of $10.5 million up 189.6%, reaching 10.5% of net sales Full Year 2025 Financial Highlights: Net sales of $545.9 million up 7.4%Net income of $11.1 million / Net income per diluted share of $0.09 vs. net loss per diluted share of $0.15 in prior yearAdjusted EBITDA of $99.8 million up 24.4%, reaching 18.3% of net sales LATHAM, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), 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 fourth quarter and full year ended December 31, 2025. “2025 marked another year of strong execution by the Latham team,” said Sean Gadd, President and CEO of Latham Group. “A disciplined focus on strategic priorities enabled the Company to continue to outperform the U.S. in-ground pool market while driving meaningful margin expansion. Latham’s strengthening market position in the important Sand States provides significant growth opportunities as we move into 2026 and beyond. “Fourth quarter results represented a strong finish to the year, with the Company delivering year-over-year sales growth across all three product categories, underscoring the strength and resilience of Latham’s diversified product portfolio. In-ground pool sales increased 15% in the fourth quarter, driven by growth in fiberglass pool sales which accounted for 76.5% of Latham’s total in-ground pool sales in 2025. Covers ...