Latham Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Latham Group (NASDAQ:SWIM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$150.5m (down 6.4% from 3Q 2023).
• Net income: US$5.90m (down 4.2% from 3Q 2023).
• Profit margin: 3.9% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.051 (down from US$0.054 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Latham Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 9.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Latham Group (1 makes us a bit uncomfortable!) that you should be aware of.

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