Latham Group, Inc. Reports Second Quarter 2026 Financial ResultsSecond Quarter Net Sales Up 14.4% Driven By 10.3% Organic Growth Sand States Sales Increased at a Double-Digit Rate Gross Profit Increased 9.6%; Surge in Demand Impacted Gross Margin by 140 Basis Points Due to Incremental Quarter-Specific Ramp-Up Costs Increasing Full-Year Guidance to 11.7% Net Sales Growth and 15.2% Adjusted EBITDA Growth at the Midpoints Second Quarter 2026 Financial Highlights: Net sales of $197.5 million Net income of $12.8 million / net income per diluted share of $0.11 Adjusted EBITDA of $44.6 million / 22.6% of net sales Six Months 2026 Financial Highlights: Net sales of $314.8 million Net income of $4.2 million / net income per diluted share of $0.04 Adjusted EBITDA of $56.8 million / 18.0% of net sales LATHAM, N.Y., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced financial results for the second quarter 2026 ended June 27, 2026.
GlobeNewsWire8/4/2026Neutral