Earnings Releases·Nov 3, 2026, 4:15 PM ET

Latham Group, Inc. — Third Quarter 2026 Earnings Summary

Third quarter net sales rose 12.5% year-over-year to $182.2 million, driven by 8.4% organic growth, while net income increased 48.5% to $12.1 million ($0.10 per share) despite a $5.0 million one-time debt extinguishment loss; full-year net income for the first nine months declined 10.3% to $16.3 million.
The company reaffirmed and narrowed full-year 2026 guidance to net sales of $605-615 million and Adjusted EBITDA of $112-118 million, citing strong performance in the Sand States and a projected 1% market share gain for fiberglass pools.
Strategic initiatives include the completion of a $100 million three-year share buyback program, the $17.0 million acquisition of Freedom Pools, and a new partnership with a national homebuilder for fiberglass pools in new Florida construction.
Operational highlights include a 22.6% year-over-year increase in in-ground pool sales, a 130 basis point expansion in third-quarter gross margin to 36.7%, and the successful refinancing of debt to extend maturities until 2033.