Latham Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
March 07, 2023 at 12:00 pm
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Latham Group, Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was USD 107.92 million compared to USD 138.86 million a year ago. Net loss was USD 19.03 million compared to USD 5.99 million a year ago.
Basic loss per share from continuing operations was USD 0.17 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.05 a year ago.
Latham Group, Inc. is a designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The Company offers a range of pools and related products, including in-ground swimming pools, pool liners, and pool covers. Its in-ground swimming pools products include fiberglass pools and packaged pools. The Company offers a portfolio of fiberglass pools with customizable features that include different colors, elaborate finishes, floor mosaics, lighting options, water features, in-floor cleaning, tanning ledges, and spillover spas. The Company manufactures replacement liners and custom vinyl pools in the North American residential in-ground swimming pool market. The Company offers automatic safety covers and all-season pool covers. In North America, it operates under one banner, Latham, the Pool Company. Its sub-brands, which sit under the Latham master brand, include Narellan, CoverStar, Radiant, and GLI, among others.
LATHAM GROUP, INC. 
