Latham Group, Inc. · NASDAQ:SWIM
Latham — Q2 2026 Earnings Presentation
11 slides from Latham's earnings presentation, Aug 4, 2026
Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call August 4, 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 Growing the Core Business • Continue to grow our core business in established markets, including the Northeast, Midwest, Canada, Australia, and New Zealand Accelerating Material Conversion to Fiberglass from Concrete 2 • Increasing builder and consume
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 - Raising Net Sales & Adj. EBITDA Midpoints; Revising CapEx Guide
Full Year 2026 Outlook(1) - Raising Net Sales & Adj. EBITDA Midpoints; Revising CapEx Guide 2026 Outlook $ in millions Updated Prior YoY Growth YoY Growth @ Metric Low High Low High @ Midpoint Midpoint Net Sales $600 $620 11.7% $580 $610 9.0% Adjusted EBITDA(2) $110 $120 15.2% $105 $120 12.7% Capita
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 Two Fiscal Quarters Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 (in thousands) Net income $ 12,754 15,980 $ 4,220 10,018 Depreciation and amortization 13,672 12,697 26,739 25,097 Interest expen
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Net Debt and Net Debt Leverage Ratio (in thousands) June 27, 2026 Total debt $ 279,813 Less: Cash (43,480) Net Debt 236,333 LTM Adjusted EBITDA(1) 105,548 Net Debt Leverage Ratio 2.24x (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