Latham Group (SWIM) Shares Soar 14.60% on Q4 Earnings Beat

Latham Group (SWIM) shares surged by 14.60% today, marking a significant rebound despite the stock price hitting its lowest level since August 2024, with an intraday decline of 7.00%.

Latham Group's financial performance in Q4 2024 exceeded market expectations, with in-ground pool sales outperforming the U.S. market. However, the company's overall net sales for 2024 decreased by 10.2% year-on-year. Despite this, Latham Group is optimistic about its future, projecting an 8% increase in sales and a 19% growth in Adjusted EBITDA for 2025.

The company is also seeing a shift in market trends, with fiberglass pools now representing 75% of its sales. This trend is driven by the increasing adoption of innovative products, such as AI-powered measurement systems and advanced pool automation technologies, which are central to Latham Group's market strategy.

Strategic acquisitions have also played a crucial role in Latham Group's growth. The acquisition of Coverstar Central has significantly enhanced the company's distribution network and competitive positioning, contributing to expected growth in market share and financial performance in 2025.