Ryan Merkel

Shaun Calnan

W. Andrew Carter

Greg Palm

Matthew Bouley

Timothy Wojs

Susan Maklari

Anika Dholakia

Charles Perron-Piché

Gregory Badishkanian

Robert Sult

Scott Stringer

- Latham Group (SWIM) reported **Q3 2025 net sales of $162 million**, an increase of **7.6%** year-over-year, with **adjusted EBITDA growing 28.5% to $38.3 million**.  **[0001833197_2233229_3]** **[0001833197_2233229_4]** 
- The company achieved **gross margin expansion of 300 basis points to 35.4%** and **adjusted EBITDA margin expansion of 390 basis points to 23.7%** in Q3 2025.  **[0001833197_2233229_3]** **[0001833197_2233229_4]** 
- All three product lines experienced year-over-year growth in Q3 2025, with **in-ground pool sales up 1%**, **cover sales up 15%**, and **liner sales up 13%**.  **[0001833197_2233229_1]** **[0001833197_2233229_3]** 
- Latham Group **narrowed its full-year 2025 guidance**, projecting **net sales of $540-$550 million** and **adjusted EBITDA of $92-$98 million**.  **[0001833197_2233229_4]**

SWIM Reports Strong Q3 2025 Results and Narrows Full-Year Guidance

- Latham Group reported **strong third quarter 2025 financial results**, with **net sales increasing 7.6% to $161.9 million** and **net income rising 37.7% to $8.1 million**.  **[1833197_758be212ad944a318fc53332a873f4b0_0]** 
- The company achieved significant margin expansion in Q3 2025, with **gross margin up 300 basis points to 35.4%** and **Adjusted EBITDA increasing 28.5% to $38.3 million**, resulting in a **23.7% Adjusted EBITDA margin**.  **[1833197_758be212ad944a318fc53332a873f4b0_0]** **[1833197_758be212ad944a318fc53332a873f4b0_3]** 
- For the first nine months of 2025, net sales grew **5.9% to $446.0 million**, and net income increased **60.3% to $18.1 million**.  **[1833197_758be212ad944a318fc53332a873f4b0_0]** 
- Latham Group **narrowed its full-year 2025 guidance**, with net sales now projected between **$540-$550 million** and Adjusted EBITDA between **$92-$98 million**.  **[1833197_758be212ad944a318fc53332a873f4b0_4]** 
- The company's performance was driven by strategic priorities, including the growing adoption of fiberglass pools, which are on track to represent approximately **75%** of full-year 2025 in-ground pool sales.  **[1833197_758be212ad944a318fc53332a873f4b0_1]**

Latham Group Reports Strong Third Quarter 2025 Results and Narrows Full-Year Guidance

- Latham Group, Inc. reported **net sales of $161.9 million** for the third quarter of 2025, an increase of **7.6%** from the prior year, and **net income of $8.1 million**, resulting in **diluted earnings per share of $0.07**.  **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:0]**  For the nine months ended September 27, 2025, net sales were **$446.0 million**, up **5.9%**, with net income of **$18.1 million** and diluted EPS of **$0.15**.  **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:0]** 
- The company achieved **gross margin expansion of 300 basis points** to **35.4%** in Q3 2025 and **Adjusted EBITDA of $38.3 million**, an increase of **28.5%**, reaching **23.7% of net sales**.  **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:0]** **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:1]** 
- Strategic initiatives, including driving awareness and adoption of **fiberglass pools** and **autocovers**, strengthening its position in **Sand State markets**, and expanding margins through lean manufacturing, value engineering, and accretive acquisitions, contributed to the performance.  **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:0]** 
- For fiscal year 2025, Latham Group, Inc. narrowed its net sales guidance to **$540-$550 million** and its Adjusted EBITDA guidance to **$92-$98 million**.  **[1833197_0001104659-25-106281_tm2530204d1_ex99.htm:2]**

Latham Group, Inc. Reports Third Quarter 2025 Financial Results and Updates Full-Year Guidance

- For Q3 2025, Latham Group reported **net sales of $161.9 million** and **Adjusted EBITDA of $38.3 million**, with an **Adjusted EBITDA margin of 23.7%**.  **[0001833197_2232664:8]** 
- The company updated its **Full Year 2025 Net Sales guidance** to a range of **$540 million to $550 million**, representing 7% year-over-year growth at the midpoint, and **Adjusted EBITDA guidance** to **$92 million to $98 million**, reflecting 19% growth at the midpoint.  **[0001833197_2232664:6]** 
- **Capital expenditure guidance** for Full Year 2025 was revised to **$22 million to $24 million**.  **[0001833197_2232664:6]** 
- As of September 27, 2025, **Net Debt was $210.6 million**, with a **Net Debt Leverage Ratio of 2.3**.  **[0001833197_2232664:9]** 
- Latham Group forecasts new U.S. pool starts in 2025 to be **flat to slightly down from 2024 levels**.  **[0001833197_2232664:5]** **[0001833197_2232664:6]**

Latham Group Announces Q3 2025 Results and Updates Full Year 2025 Guidance