Latham Group, Inc. Reports Third Quarter 2026 Financial Results
Source: The Manila times
Published on: 2026-11-03 21:22
* 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 ProgramThird 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 sa...
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