Freedom Pools Acquisition Expected to Add $20M Sales, $4M Adj EBITDA to Latham
Summary
Latham Group announced that its recently completed acquisition of Freedom Pools is expected to contribute approximately $20 million in annualized sales and $4 million in adjusted EBITDA, before considering any acquisition synergies. This news provides critical financial details following the earlier announcement of the Freedom Pools acquisition for $17 million. These figures are important for investors to assess the potential impact of the deal on Latham's revenue and profitability, offering a clearer picture of the strategic value. Traders will now be watching for updates on the integration process and any realized synergies.
At the time of this announcement, SWIM was trading at $7.16 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $751.3M. The 52-week trading range was $4.56 to $8.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.