Latham Group (SWIM) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.
Latham Group, Inc. (NASDAQ:SWIM ) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Casey Kotary - Investor Relations Scott Rajeski - President and Chief Executive Officer Oliver Gloe - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Andrew Carter - Stifel Tim Wojs - Baird Greg Badishkanian - Wolfe Research Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Sean Cowan - Bank of America Operator Good afternoon, and welcome to the Latham Group Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Latham Group (SWIM) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.
SWIM's third-quarter 2024 results are likely to reflect declining sales volume amid benefits from restructuring programs and production efficiencies.
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Fulcrum Therapeutics, Heritage Insurance, Latham Group, Seanergy Maritime and BrainsWay are included in this Analyst Blog.
Latham Group (SWIM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Latham Group (SWIM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Latham Group, Inc., a residential swimming pool company, saw a 41.5% surge in shares after strong Q2 financial results and increased guidance for 2024. Despite revenue declines, the company showed improvement in net income, operating cash flow, and EBITDA in the second quarter of 2024. Management's acquisition of Coverstar Central is expected to boost Latham Group's EBITDA margin and contribute positively to the company's growth.
Latham easily topped Wall Street expectations thanks to streamlining and production efficiencies. The maker of pools also acquired a safety cover distributor.
Latham Group, Inc. (SWIM) Q2 2024 Earnings Call Transcript