Quarterly ResultMay 5, 2026, 04:07 PM
Latham Group Q1 Net Sales +5.3% to $117.3M; Reaffirms FY Guidance
AI Summary
Latham Group reported first quarter 2026 financial results, with net sales increasing 5.3% to $117.3 million and Adjusted EBITDA growing 9.2% to $12.2 million. The company achieved sales growth across all three product lines and expanded gross margin by 220 basis points. Despite a net loss of $8.5 million, Latham Group reaffirmed its full-year guidance for 9.0% net sales growth and 12.7% Adjusted EBITDA growth at the midpoints, driven by strategic execution and strong performance in key markets like Florida.
Key Highlights
- Net sales increased 5.3% to $117.3 million.
- Adjusted EBITDA grew 9.2% to $12.2 million.
- Gross margin expanded 220 basis points to 31.7%.
- Net loss was $8.5 million, or $0.07 per diluted share.
- In-Ground Swimming Pools sales were $59.7 million.
- Covers sales were $33.5 million.
- Reaffirmed FY26 Net Sales guidance: $580 million - $610 million.
- Reaffirmed FY26 Adjusted EBITDA guidance: $105 million - $120 million.