NASDAQ$SWIM
Latham group Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Latham reported a decrease in net sales but an increase in gross profit and margin due to production efficiencies and the acquisition of Coverstar Central.
Latham Group reported a decrease in net sales for Q3 2024, but managed to increase gross profit and margin due to production efficiencies and the acquisition of Coverstar Central. The company is focused on fiberglass pool adoption and automatic safety cover sales.
- Net sales decreased by 6.4% year-over-year to $150.5 million due to lower sales volumes.
- Gross profit increased slightly to $48.7 million, with gross margin expanding to 32.4%.
- Net income remained relatively stable at $5.9 million, or $0.05 per diluted share.
- Adjusted EBITDA decreased by 17.3% to $29.8 million, with a margin of 19.8%.
Headline financials
Revenue & EPS history
Latham · Revenue · Quarterly
$150M
Forward guidance
Latham narrowed its full year 2024 guidance ranges for net sales and Adjusted EBITDA to reflect the end of much of the pool building season and the potential impacts on shipments from recent hurricanes.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q3 2024
+9.7%
Avg return
Earnings day
+6.5%
Avg return
5 days after
+4.6%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+36.8%
Q4 2024
Best reaction
-22.4%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -8.4% | — | |
| Q4 2025 | +11.8% | -2.0% | -19.4% | |
| Q3 2025 | -3.5% | -6.5% | -1.7% | |
| Q1 2025 | +0.0% | +11.7% | -1.7% | |
| Q4 2024 | +36.8% | +29.1% | +0.0% | |
| Q3 2024 | -8.9% | -8.5% | +0.6% | |
| Q2 2024 | +35.8% | +63.8% | +77.7% | |
| Q1 2024 | +25.4% | +25.4% | +29.2% | |
| Q4 2023 | -6.7% | -13.0% | +4.5% | |
| Q3 2023 | -3.5% | -9.8% | +0.8% | |
| Q2 2023 | +13.9% | +10.0% | -14.7% | |
| Q1 2023 | +27.0% | +30.1% | +38.3% | |
| Q4 2022 | +20.5% | -6.0% | -24.1% | |
| Q3 2022 | +6.9% | -19.3% | -15.7% | |
| Q2 2022 | +21.3% | +27.2% | -11.2% | |
| Q1 2022 | +11.0% | +8.2% | -2.1% | |
| Q4 2021 | +2.6% | -6.6% | -11.4% | |
| Q3 2021 | +31.6% | +36.3% | +52.2% | |
| Q2 2021 | -22.4% | -23.6% | -15.9% | |
| Q1 2021 | -5.6% | -9.0% | +1.6% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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