SWIM News & Events

Reports Q1 revenue $117.32M, consensus $118.46M. Commenting on the results, Sean Gadd, President and CEO, said, "We continue to execute effectively on our strategic priorities and achieved sales growth in each of our product lines in the first quarter. Sales growth was led by gains in autocovers and liners and the benefits of the Freedom Pools acquisition, while adverse weather conditions in North America kept organic in-ground pool sales steady year-over-year. Adjusted EBITDA growth outpaced sales growth by a considerable margin, demonstrating Latham's substantial operating leverage and cost discipline, which more than offset the impact of higher investments in growth initiatives."

Backs FY26 adjusted EBITDA view $105M-$120M. Backs FY26 capital expenditures view $42M-$48M. "We are pleased to reaffirm our guidance, which is contained in the table below and represents year-over-year sales growth of 9.0% and adjusted EBITDA growth of 12.7%, at the midpoints, within a U.S. in-ground pool market that is expected to be approximately flat with 2025 levels," Gadd concluded.