Latham Group Full Year 2024 Earnings: EPS Misses Expectations

Latham Group (NASDAQ:SWIM) Full Year 2024 Results

Key Financial Results

• Revenue: US$508.5m (down 10% from FY 2023).
• Net loss: US$17.9m (loss widened by US$15.5m from FY 2023).
• US$0.15 loss per share (further deteriorated from US$0.021 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Latham Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

In the last 12 months, the only revenue segment was Designs, Manufactures and Markets In-Ground Swimming Pools, Liners and Covers contributing US$508.5m. Notably, cost of sales worth US$354.8m amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$108.4m (63% of total expenses). Explore how SWIM's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Leisure industry in the US are expected to grow by 3.1%.

Performance of the American Leisure industry.

The company's shares are up 27% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Latham Group.

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