Latham Group Q2 Sales Climb 14% to $197.5M, Full-Year Outlook Raised
SWIM sits 39% above its 52-week low of $4.64.
Summary
Latham Group posted Q2 2026 net sales of $197.5M (+14.4% YoY) and raised its full-year guidance, driven by strong fiberglass pool demand and strategic acquisitions.
Key Events · Earnings and Guidance · SWIM
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Q2 Sales Surge 14.4%
Net sales reached $197.5 million, up from $172.6 million a year ago, fueled by a 22.5% jump in in-ground pool sales and double-digit growth in covers and liners.
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Full-Year Guidance Raised
Management lifted its 2026 outlook, citing accelerating fiberglass conversion and market share gains in the Sand States, with Adjusted EBITDA margin holding at 22.6% for the quarter.
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Strategic Acquisitions Add Scale
The February 2026 acquisition of Freedom Pools in Australia contributed to sales and is expected to add ~$20M in annualized revenue and ~$4M in Adjusted EBITDA.
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Liquidity and Debt Profile
Cash stood at $43.5M with $75M available on the revolver (maturing Feb 2027, extension in discussion). Term loan balance was $279.8M with an effective rate of 8.94%.
Analysis · SWIM · Industrial Applications And Services
A strong second quarter saw net sales rise 14.4% to $197.5 million, fueled by organic growth across all product lines and the recent Freedom Pools acquisition. Net income slipped to $12.8 million from $16.0 million a year ago, pressured by higher SG&A investments and foreign currency headwinds, yet Adjusted EBITDA climbed 12% to $44.6 million. Management raised full-year guidance, signaling confidence in sustained demand for fiberglass pools and market share gains in the Sand States. The balance sheet remains solid with $43.5 million in cash and full availability on its $75 million revolver, though the revolver matures in February 2027 and is currently under negotiation for extension.
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In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SWIM was trading at $6.44 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $669.2M. The 52-week trading range was $4.64 to $8.97. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.