Latham Group, Inc. · NASDAQ:SWIM
Latham — Q1 2026 Earnings Presentation
11 slides from Latham's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation May 5, 2026
Slide 2: Disclaimer
Disclaimer Forward-looking Statements Certain statements in this presentation constitute forward-looking statements under federal securities laws. These forward-looking statements reflect our views with respect to future events and financial performance as of the date of this presentation or otherwi
Slide 3: Balanced Portfolio Serving an Attractive Market
Balanced Portfolio Serving an Attractive Market Net Sales Fiberglass as a Replacement Sales as a by Product(1) % of In-Ground Pool Sales(1)(2) % of Liners & Covers(1)(2) 23% Liners 23% 46% includes new Packaged Pools New and replacement vinyl liners 29% 48% Covers In-Ground Swimming Pools includes w
Slide 4: Accelerating Growth – Four Pillars for Success
Accelerating Growth – Four Pillars for Success 1 Defending & Growing the Core Business • Represented by continued strength in the Northeast, Midwest, and Canada through an account development approach Accelerating Material Conversion to Fiberglass from Concrete 2 • Increasing builder and consumer aw
Slide 5: Expanding Share in the Sand States – Key Priorities
Expanding Share in the Sand States – Key Priorities Building Out the Commercial Organization • Key Pillars: Sales Execution, Sales Strategy, and Sales Operations, with responsibilities to drive 1 sales plans, product leadership, and sales effectiveness, respectively Updating Market Development Frame
Slide 6: Full Year 2026 Outlook
Full Year 2026 Outlook(1) $ in millions Outlook YoY Growth @ Metric Low High Midpoint Net Sales $580 $610 9.0% Adjusted EBITDA(2) $105 $120 12.7% Capital Expenditures $42 $48 Reconfirming 9.0% Net Sales growth and 12.7% Adjusted EBITDA growth in a flat market (1) Represents guidance given by the Com
Slide 7: Impact of Growth Initiatives & Production Efficiencies
Impact of Growth Initiatives & Production Efficiencies Growth Trajectory Initiatives (in millions, except for Adjusted EBITDA Margin) 21% 1. Drive awareness and adoption of Fiberglass Pools and Automatic Safety Covers 19% 19% 18% ~$750 2. Expand our presence in the Sand States 16% 16% 3. Benefit fro
Slide 8: Appendix
Appendix Latham Group SWIM | Nasdaq Listed
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA and Adjusted EBITDA Margin Fiscal Quarter Ended March 28, 2026 March 29, 2025 (in thousands) Net loss $ (8,534) $ (5,962) Depreciation and amortization 13,067 12,400 Interest expense, net 4,756 6,371 Income tax benefit (2,806) (4,079) Gain on sale and disposa
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Net Debt and Net Debt Leverage Ratio (in thousands) March 28, 2026 Total debt $ 311,233 Less: Cash (27,481) Net Debt 283,752 LTM Adjusted EBITDA(1) 100,852 Net Debt Leverage Ratio 2.81 (1) LTM Adjusted EBITDA is defined as Adjusted EBITDA for the most recent 12 month period.
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted EBITDA and Adjusted EBITDA Margin Year Ended December 31, 2025 2024 2019 2015 (unaudited) (in thousands) Net income (loss) $ 11,124 $ (17,860) $ 7,457 $ (9,992) Depreciation and amortization 51,354 44,446 21,659 14,466 Interest expense, net 25,805 24,840 22,639 8,22