Earnings ·
Latham Group, Inc. reported second quarter fiscal 2026 financial results ending June 27, 2026
SWIMLatham Group, Inc.
Latham Group, Inc. reported second quarter fiscal 2026 financial results ending June 27, 2026. Net sales increased 14.4% to $197.5 million, driven by a 13.6% organic growth rate and the acquisition of Freedom Pools. In-ground pool sales rose 22.5%, while gross profit grew 9.6% to $70.1 million despite a 140 basis-point margin headwind from $2.8 million in incremental ramp-up costs. Adjusted EBITDA increased 11.9% to $44.6 million, with a margin of 22.6%. Net income was $12.8 million ($0.11 per diluted share), down from $15.9 million in the prior year period due to unfavorable foreign currency impacts and higher SG&A expenses. The company raised its full-year 2026 guidance, anticipating net sales growth of 11.7% and adjusted EBITDA growth of 15.2%. Latham Group is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand.