Q4 2025 Latham Group Inc Earnings Call Transcript
Key Points
- Latham Group Inc (SWIM) reported a 15% increase in fourth-quarter revenues, showcasing solid growth across all product lines.
- The company achieved a 1% increase in full-year in-ground pool sales despite an industry decline in US in-ground pool starts.
- Fiberglass pools represented 76.5% of in-ground pool sales, with a year-on-year growth of approximately 2.5%, indicating strong market adoption.
- Cover sales grew by 22% in 2025, driven by positive consumer response and strategic partnerships promoting pool safety.
- Latham Group Inc (SWIM) successfully expanded into the sand states, particularly Florida, achieving double-digit sales growth.
- The US in-ground pool market is expected to remain flat in 2026, posing challenges for growth.
- The company faces tough market conditions in Texas, where pool permits declined at a double-digit rate.
- SG&A expenses increased by $4 million in Q4 2025, driven by investments in sales and marketing initiatives.
- The company reported a net loss of $7 million in Q4 2025, although this was an improvement from the previous year.
- Interest rates and consumer confidence remain concerns, potentially impacting future pool buying decisions.
Welcome to the Latham Group Incorporated. 4th quarter and full year 2025 earnings conference call.(Operator Instructions)
I would now like to turn the conference over to Casey Codery, investor relations representative. Please go ahead.
Thank you. This afternoon, we issued our fourth quarter and full year 2025 earnings press release, which is available on the industrial relations portion of our website, where you can also find the slide presentation that accompanies our prepared remarks. On today's call are Latham's President and CEO Sean Gad and CFO Oliver Glo.
Following their remarks, we will open the call to questions. During this call, the company may make certain statements that constitute forward-looking statements which reflect the company's views with respect to future events and financial performance as of today or the date specified. Actual events and results may differ materially from those contemplated by such forward-looking statements due to risks and other factors that are set forth in
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