Latham Group (NASDAQ:SWIM) Full Year 2024 Results
Key Financial Results
- Revenue: US$508.5m (down 10% from FY 2023).
- Net loss: US$17.9m (loss widened by US$15.5m from FY 2023).
- US$0.15 loss per share (further deteriorated from US$0.021 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Latham Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
In the last 12 months, the only revenue segment was Designs, Manufactures and Markets In-Ground Swimming Pools, Liners and Covers contributing US$508.5m. Notably, cost of sales worth US$354.8m amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$108.4m (63% of total expenses). Explore how SWIM's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Leisure industry in the US are expected to grow by 3.1%.
Performance of the American Leisure industry.
The company's shares are up 27% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Latham Group.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:SWIM
Latham Group
Designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand.
Adequate balance sheet with moderate growth potential.
