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Scott Stringer

Scott Stringer

Research Analyst at Wolfe Research

New York, NY, US

Scott Stringer is Vice President, Consumer at Wolfe Research, specializing in equity research and financial analysis of the consumer sector. He has provided coverage and analysis for companies such as Latham Group Inc., contributing to earnings calls and sector insights with a focus on financial performance. Stringer began his investment research career after earning his undergraduate degree in 2014, joining Wolfe Research as an Equity Research Associate in 2021 before being promoted to Vice President in December 2023. He is registered with FINRA and holds relevant securities licenses through Wolfe Research Securities.

Scott Stringer's questions to Latham Group (SWIM) leadership

Question · Q4 2024

Scott Stringer, on behalf of Greg Badishkanian at Wolfe Research, asked for the rationale behind the confidence in the full-year 8% sales growth guidance, given that Q1 2025 sales are expected to be flat year-over-year.

Answer

CFO Oliver Gloe explained that the flat Q1 performance is due to offsetting factors. While the company expects early benefits from its sand state and auto cover strategies, the timing of sales from the Coverstar Central acquisition shifts revenue recognition. Last year, Latham sold to Coverstar Central in Q1, but this year the combined entity sells to the end market in Q2. Gloe stated that as the year progresses into the seasonally strong Q2 and Q3, the Coverstar dynamic normalizes and the full benefits of the growth strategies are expected to materialize, driving the full-year growth.

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