Revenue: Reported at $110.6 million, surpassing estimates of $101.49 million.
Net Loss: Recorded at $7.9 million, an improvement from the previous year and better than the estimated loss of $10.26 million.
Earnings Per Share (EPS): Reported a loss of $0.07 per share, better than the estimated loss of $0.08 per share.
Gross Margin: Increased to 27.7%, up from 24.2% in the previous year, reflecting improved cost structures and productivity.
Adjusted EBITDA: Amounted to $12.3 million, showing an increase from $11.0 million year-over-year and surpassing guidance expectations.
Debt Repayment: Ended the quarter with significant debt repayment, reducing total debt to $282.8 million and maintaining a net debt leverage ratio of 2.7.
Capital Expenditures: Decreased to $5.3 million from $9.9 million in the prior year, aligning with strategic cost management efforts.
Company Overview
Latham Group Inc is renowned for its comprehensive range of in-ground swimming pools, liners, and covers, primarily serving markets in North America, Australia, and New Zealand. The majority of its revenue is generated from the United States, where it holds a commanding market presence.
