(0.12%) 5 303.27 points
(0.34%) 40 004 points
(-0.07%) 16 686 points
(0.97%) $80.00
(5.73%) $2.64
(1.44%) $2 419.80
(6.36%) $31.78
(2.18%) $1 094.70
(-0.02%) $0.920
(-0.18%) $10.68
(-0.27%) $0.787
(0.19%) $91.05
Q4/2023
Generated By Getagraph.com: 2023-12-31
Latham Group, Inc. [SWIM]
0.26% $ 3.86
Giełda: NASDAQ Sektor: Industrials Branża: Building Products & Equipment
Latham Group reported a stronger than expected performance for the fourth quarter of 2023, marking a culmination of strategic initiatives aimed at streamlining operations amidst a decline in new pool starts. The company's resilience and agile response to market conditions have fortified its position, ensuring readiness for an anticipated market recovery in 2025.
The year 2023 saw the company's shift towards fiberglass pools contribute significantly to its resilience amid lower pool start rates across the U.S. Efforts to streamline operations and reduce structural costs have positioned Latham Group for a more profitable future as market conditions improve.
While anticipating a down year in 2024 with a projected 15% decline in new pool starts, the company remains optimistic about a rebound in 2025, driven by potential easing interest rates and improved consumer confidence. Strategic investments in fiberglass pool conversion, alongside lean manufacturing and other operational efficiencies, are expected to sustain Latham Group's competitive edge.
Financial Metric | Q4 2023 | Full Year 2023 | Q4 2022 | Full Year 2022 |
---|---|---|---|---|
Net Sales | $91M | $566M | $108M | $696M |
Adjusted EBITDA | $10M | $88M | $4.4M | $143M |
Revenues Q4 - 2023
Revenue | Gross Profit | Operating Expenses | Interest Expense | EBITDA | Net Income | EPS |
---|---|---|---|---|---|---|
$90.87M | $14.58M | $21.59M | $9.65M | $3.96M | $112 000 | $0.00100 |
Balance Q4 - 2023
Net Income | Depreciation and Amortization | Stock Based Compensation | Change in Working Capital | Net Cash Provided by Operating Activities | Capital Expenditure | Free Cash Flow |
---|---|---|---|---|---|---|
$111 000 | $10.97M | $3.92M | $27.17M | $28.25M | $-4.92M | $23.33M |