Latham Group Inc is a prominent manufacturer of high-quality, fiberglass swimming pools, primarily serving the residential market
The company specializes in designing and producing a variety of pool styles and features, catering to the diverse preferences of homeowners looking to enhance their outdoor living spaces. In addition to pools, Latham Group also offers a range of associated products, such as pool accessories and maintenance solutions, aimed at providing a comprehensive and enjoyable swimming experience. Through innovation and customer commitment, Latham Group has established itself as a leader in the swimming pool industry.
Let’s dig into the relative performance of American Outdoor Brands (NASDAQAOUT) and its peers as we unravel the now-completed Q3 leisure products earnings season.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the leisure products industry, including Johnson Outdoors (NASDAQJOUT) and its peers.
Shares of residential swimming pool manufacturer Latham (NASDAQSWIM)
fell 15.1% in the morning session after the company reported disappointing third-quarter earnings. Sales missed analyst expectations during the quarter. The company experienced lower sales volumes, attributed to softer industry conditions and a challenging macroeconomic environment. Given the weak operating conditions, management lowered full-year revenue and EBITDA guidance. Overall, this was a weak quarter highlighting challenges that need to be swiftly tackled.
Outdoor lifestyle and recreational products company Solo Brands (NYSEDTC)
will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Residential swimming pool manufacturer Latham (NASDAQSWIM) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 6.4% year on year to $150.5 million. The company’s full-year revenue guidance of $505 million at the midpoint came in 1.4% below analysts’ estimates. Its GAAP profit of $0.05 per share was 1.1% above analysts’ consensus estimates.
