Latham Group, Inc.
Description
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.
About
CEO
Mr. Scott M. Rajeski
Employees
1,850
Instrument type
Common Stock
Sector
Industrials
Industry
Building Products & Equipment
MIC code
XNGS
Address
787 Watervliet Shaker Road, Latham, NY 12110, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Mar 10, 2025 | -0.09 | — | — | — |
| Nov 6, 2024 | 0.07 | 0.08 | 0.01 | 14.29% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 6 |
| Average estimate | — | -0.02 | — | 0.10 |
| Low estimate | — | -0.04 | — | 0.06 |
| High estimate | — | 0.00 | — | 0.17 |
| Last year EPS | — | -0.03 | — | 0.06 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-303.990%
Next qtr. (Mar 2025)
22.720%
Current year
66.890%
Next year (Dec 2025)
80.680%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 566.49M | 695.74M | 630.46M | 403.39M | 317.98M |
| Cost of revenue | 413.55M | 479.27M | 426.29M | 260.62M | 219.82M |
| Gross profit | 152.94M | 216.47M | 204.16M | 142.77M | 98.16M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 110.30M | 146.84M | 217.78M | 85.53M | 57.39M |
| Other operating expenses | — | 11.44M | — | — | — |
| Operating income | 16.13M | 30.01M | -36.18M | 39.90M | 25.13M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 30.92M | 15.75M | 24.43M | 18.25M | 22.64M |
| Other income expense | 4.73M | -536,000 | 7.08M | 1.11M | 300,000 |
| Pretax income | -10.06M | 13.72M | -53.53M | 22.76M | 2.79M |
| Tax provision | -7.67M | 19.42M | 8.82M | 6.78M | -4.67M |
| Net income | -2.39M | -5.69M | -62.35M | 15.98M | 7.46M |
| Basic EPS | -0.02 | -0.05 | -0.56 | 0.13 | 0.06 |
| Diluted EPS | -0.02 | -0.05 | -0.56 | 0.13 | 0.06 |
| Basic average shares | 112.90M | 113.25M | 110.64M | 121.96M | 121.96M |
| Diluted average shares | 112.90M | 113.25M | 110.64M | 121.96M | 121.96M |
| EBITDA | 61.61M | 71.11M | 3.13M | 66.38M | 47.08M |
| Net income from continuing op. | -2.39M | -5.69M | -62.35M | 15.98M | 7.46M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | 51.40M | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 835.00M | 869.68M | 794.48M | 646.68M | 525.71M |
| Current assets | |||||
| Cash | 102.76M | 32.63M | 43.95M | 59.31M | 56.66M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 102.76M | 32.63M | 43.95M | 59.31M | 56.66M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 30.41M | 48.85M | 60.75M | 32.76M | 31.43M |
| Other receivables | — | — | — | — | — |
| Inventory | 97.14M | 165.22M | 109.56M | 64.82M | 35.61M |
| Prepaid assets | — | — | 10.77M | 6.06M | 4.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 7.33M | 6.00M | 10.77M | 6.06M | 4.00M |
| Non current assets | |||||
| Properties | 52.63M | 55.24M | 13.37M | 9.05M | 5.60M |
| Land and improvements | 2.76M | 1.81M | 1.74M | 1.61M | 1.61M |
| Machinery furniture equipment | 66.63M | 45.12M | 40.75M | 32.58M | 25.60M |
| Construction in progress | 17.60M | 46.58M | 18.68M | 8.53M | 3.05M |
| Leases | 12.36M | 9.64M | 4.56M | 3.57M | 2.61M |
| Accumulated depreciation | -47.16M | -31.85M | -22.96M | -13.88M | -6.12M |
| Goodwill | 545.52M | 571.98M | 596.05M | 520.97M | 461.64M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 282.79M | 309.22M | 338.31M | 289.47M | 258.30M |
| Investments and advances | 25.94M | 25.10M | 23.36M | 25.38M | — |
| Other non current assets | 12.49M | 12.49M | 11.37M | 1.39M | 206,000 |
| Total liabilities | 435.80M | 486.89M | 440.84M | 365.07M | 331.92M |
| Current liabilities | |||||
| Accounts payable | 17.13M | 25.81M | 38.85M | 27.42M | 12.09M |
| Accrued expenses | 32.33M | 41.72M | 47.87M | 38.83M | 15.28M |
| Short term debt | 28.38M | 10.17M | 17.22M | 13.04M | 6.89M |
| Deferred revenue | 3.79M | 4.48M | 5.93M | 5.57M | — |
| Tax payable | 1.68M | 923,000 | 587,000 | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | 8.02M | 6.37M | 13.27M |
| Non current liabilities | |||||
| Long term debt | 304.74M | 342.02M | 263.19M | 208.45M | 216.33M |
| Provision for risks and charges | — | — | — | 5.54M | 5.08M |
| Deferred liabilities | 40.09M | 57.30M | 62.03M | 60.73M | 65.08M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 4.77M | 702,000 | 453,000 | 1.94M | 306,000 |
| Shareholders equity | |||||
| Common stock | 11,000 | 11,000 | 12,000 | 12,000 | 11,000 |
| Retained earnings | -56.96M | -54.57M | -48.58M | 13.77M | -2.22M |
| Other shareholders equity | -3.54M | -3.53M | 370,000 | 2.35M | -471,000 |
| Total shareholders equity | 399.20M | 382.79M | 353.65M | 281.61M | 193.80M |
| Additional paid in capital | 459.68M | 440.88M | 401.85M | 265.48M | 196.47M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -2.39M | -5.69M | -62.35M | 15.98M | 7.46M |
| Depreciation | 40.75M | 38.18M | 32.23M | 25.37M | 21.66M |
| Deferred Taxes | -17.19M | -2.37M | -11.88M | -4.21M | -10.23M |
| Stock-Based Compensation | 18.80M | 50.63M | 128.78M | 1.83M | 808,000 |
| Other Non-Cash Items | 7.84M | 24.40M | 6.78M | 3.14M | 5.53M |
| Accounts Receivable | 14.37M | 10.72M | -25.68M | 5.27M | -7.61M |
| Accounts Payable | -8.51M | -12.36M | 10.68M | 9.78M | -2.28M |
| Other Assets & Liabilities | 66.69M | -57.25M | -40.01M | -16.23M | 13.08M |
| Operating Cash Flow | 120.37M | 46.25M | 38.55M | 40.92M | 28.42M |
| Investing Activities | |||||
| Capital Expenditures | -33.19M | -39.66M | -24.94M | -15.69M | -6.87M |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | -5.36M | -83.27M | -100.12M | -20.21M |
| Purchase of Investments | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — |
| Investing Cash Flow | -31.73M | -45.02M | -108.21M | -115.81M | -27.08M |
| Financing Activities | |||||
| Long-Term Debt Issuance | — | 320.13M | 222.81M | 20.00M | 22.31M |
| Long-Term Debt Payments | -61.88M | -311.45M | -185.14M | -24.04M | -5.81M |
| Other Financing Charges | — | -6.87M | -1.25M | -6.62M | 250,000 |
| Financing Cash Flow | -61.88M | -21.23M | 44.02M | 54.30M | 16.80M |
| Other Cash Details | |||||
| End Cash Position | 102.76M | 32.63M | 43.95M | 59.31M | 56.66M |
| Income Tax Paid | 6.99M | 20.31M | 20.05M | 14.82M | 168,000 |
| Interest Paid | 25.75M | 12.62M | 17.37M | 15.63M | 19.49M |
| Free Cash Flow | 83.18M | -7.38M | 8.72M | 46.90M | 27.49M |
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