Latham Group, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net sales $182.2 million, up 12.5% year over year
- ➤Q3 adjusted EBITDA $45.3 million, up 18.1%; margin reached 24.8%
- ➤FY 2026 guidance narrowed to $605-615 million net sales
- ➤FY 2026 adjusted EBITDA guidance narrowed to $112-118 million
- ➤Board approved three-year, $100 million stock repurchase plan
Expert Statements
Sean Gadd, President and CEO of Latham Group, Inc.
“We delivered strong third quarter and year-to-date results, demonstrating continued success in material conversion, reinforcing our expectation of further market share expansion, and achieving considerable operating leverage while investing to accelerate growth.”
Sean Gadd, President and CEO of Latham Group, Inc.
“The substantial increase in in-ground pool sales was driven almost entirely by fiberglass pools, which continue to gain traction for their ease of installation, cost efficiency, durability, lifetime warranty, and low maintenance costs.”
Sean Gadd, President and CEO of Latham Group, Inc.
“The Sand States remain a key growth market for Latham, which we believe has the potential to drive a step-change in companywide sales.”
Sean Gadd, President and CEO of Latham Group, Inc.
“These initiatives position Latham to drive meaningful growth regardless of the pace of market recovery, and we are confident that Latham will continue to outperform the U.S. in-ground pool market in 2027 and beyond.”
Sean Gadd, President and CEO of Latham Group, Inc.
“With much of the pool building season now behind us, and based on our current visibility through year-end, we are narrowing our net sales guidance range to $605-615 million and our adjusted EBITDA guidance range to $112-118 million.”
* Third Quarter Net Sales Increased 12.5%, Led by 8.4% Organic Growth; YTD Net Sales Were Up 11.4% with Organic Growth at 7.9% * Third Quarter Sand State Sales Increased 21% Driven by Accelerated Growth in Florida and Texas * Third Quarter Gross Margin Expanded by 130 Basis Points to 36.7% Reflecting Volume Leverage, and the Benefits of Lean Manufacturing and Value Engineering Initiatives * Reaffirms and narrows Full-Year Guidance for Net Sales Growth to 11.7% and Adjusted EBITDA Growth to 15.2% at the Midpoints * Expects to Continue to Outperform the U.S. In-Ground Pool Market in 2027 * Board of Directors Approved $100 Million Share Buyback Program Third Quarter 2026 Financial Highlights: * Net sales of $182.2 million up 12.5% * Net income of $12.1 million up 48.5% / net income per diluted share of $0.10 * Adjusted EBITDA of $45.3 million up 18.1% and representing 24.8% of net sales Nine Months 2026 Financial Highlights: * Net sales of $497.0 million up 11.4% * Net income of $16.3 million down 10.3% / net income per diluted share of $0.14 * Adjusted EBITDA of $102.0 million up 14.2% and representing 20.5% of net sales LATHAM, N.Y., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the third quarter 2026 ended September 26, 2026.
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