Latham Group delivered a strong fourth quarter with 14.5% revenue growth and significant margin expansion, outperforming the U.S. in-ground pool market. Despite a net loss for the quarter, the company achieved positive net income for the full year and expanded its Adjusted EBITDA margin by 630 basis points in Q4.

Latham Group, Inc. delivered a strong second quarter in 2025, with net sales increasing by 7.8% to $172.6 million and net income rising to $16.0 million. The company achieved a 400-basis-point expansion in gross margin, reaching 37.1%, driven by higher volumes, operational efficiencies, and recent acquisitions. Adjusted EBITDA also saw a substantial increase, reaching $39.9 million with a margin of 23.1%.

Latham Group, Inc. reported first quarter 2025 results that were in line with expectations, showing slight net sales growth and improved gross margin, partially offset by increased SG&A expenses. The company maintained its full-year guidance.

Latham Group reported Q4 2024 revenue of $87.3 million, down 4.0% year-over-year, reflecting challenging industry conditions. The company posted a net loss of $29.2 million, or $0.25 per share, largely impacted by non-recurring tax expenses and foreign currency losses. Adjusted EBITDA declined 63.4% to $3.6 million, primarily due to higher investments in sales and marketing. Despite these challenges, gross margin expanded by 130 basis points, and the company ended the year with $56.4 million in cash.

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.

Latham Group's Q2 2024 net sales were $160.1 million, a decrease of 9.6% year-over-year. However, gross profit increased by 5.6% to $53.0 million, with gross margin expanding to 33.1%. Net income more than doubled to $13.3 million, or $0.11 per diluted share, and adjusted EBITDA increased by 11.2% to $34.5 million.