Latest news with #ScottRajeski
Yahoo
29-05-2025
- Business
- Yahoo
Latham Group, Inc. to Participate at Upcoming Conferences in June 2025
LATHAM, N.Y., May 29, 2025 (GLOBE NEWSWIRE) -- Latham Group, Inc. (Nasdaq: SWIM), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that management will attend the following investor conferences: On June 3, 2025, Scott Rajeski, President and Chief Executive Officer, and Oliver Gloe, Chief Financial Officer, will host investor meetings at the Stifel 2025 Cross Sector Insight Conference. This event will take place at the InterContinental Boston in Boston, MA. On June 4, 2025, Scott Rajeski, President and Chief Executive Officer, and Chris Daley, Vice President – Finance, will host a fireside chat at 2:35pm ET at the Baird 2025 Global Consumer, Technology & Services Conference. This event will take place at the InterContinental New York Barclay in New York, NY. Latham's management team will also host investor meetings throughout the day. On June 5, 2025, Oliver Gloe, Chief Financial Officer, and Joshua Rickaby, Fiberglass Sales – Sand States, will deliver a presentation at 8:40am CT at William Blair's 45th Annual Growth Stock Conference. This event will take place at the Loews Chicago Hotel in Chicago, IL. Interested parties can access the live webcast, archived replay, and the accompanying investor presentation by visiting under the 'Events & Presentations' section. Latham's management team will also host investor meetings throughout the day. About Latham Group, Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Latham has a coast-to-coast operations platform consisting of approximately 1,850 employees across around 30 locations. Contact:Lynn MorgenCasey KotaryADVISIRY Partnerslathamir@ 212-750-5800
Yahoo
20-05-2025
- Business
- Yahoo
SWIM Q1 Earnings Call: Latham Focuses on Sand States Expansion and Operational Efficiency
Residential swimming pool manufacturer Latham (NASDAQ:SWIM) met Wall Street's revenue expectations in Q1 CY2025, but sales were flat year on year at $111.4 million. The company's full-year revenue guidance of $550 million at the midpoint came in 2.5% above analysts' estimates. Its non-GAAP loss of $0.04 per share was in line with analysts' consensus estimates. Is now the time to buy SWIM? Find out in our full research report (it's free). Revenue: $111.4 million vs analyst estimates of $111.3 million (flat year on year, in line) Adjusted EPS: -$0.04 vs analyst estimates of -$0.05 (in line) Adjusted EBITDA: $11.14 million vs analyst estimates of $10.94 million (10% margin, 1.8% beat) The company reconfirmed its revenue guidance for the full year of $550 million at the midpoint EBITDA guidance for the full year is $95 million at the midpoint, above analyst estimates of $90.47 million Operating Margin: -4.4%, down from -1.9% in the same quarter last year Free Cash Flow was -$50.33 million compared to -$39.86 million in the same quarter last year Market Capitalization: $723.8 million Latham's first quarter results were shaped by stable demand for residential pools, with management highlighting sequential improvements in business activity through March and April. CEO Scott Rajeski pointed to relative strength in fiberglass and automatic pool covers, as well as early traction from the company's Sand States expansion strategy, which targets underpenetrated markets like Florida, Texas, Arizona, and California. The company also reported a 190 basis point improvement in gross margin, attributing this to ongoing lean manufacturing and value engineering initiatives. Looking ahead, Latham reaffirmed its full-year revenue and EBITDA guidance, with management emphasizing expectations for increased operating leverage as the year progresses. CFO Oliver Gloe noted that while tariff-related uncertainties remain, the company has taken steps to mitigate cost pressures through inventory pre-purchases, supply chain adjustments, and targeted price increases. Management also cited growing consumer engagement and dealer expansion in key markets as factors supporting its outlook for the rest of the year. Management's commentary focused on product mix, operational progress, and market expansion efforts rather than headline financials. The following themes emerged as central to Latham's performance in the first quarter: Fiberglass Pool Momentum: Latham observed ongoing market share gains in fiberglass pools, driven by consumer interest in cost, ease of installation, and lower labor requirements compared to concrete pools. Management expects fiberglass to capture additional share in the in-ground pool market this year. Auto Cover Growth and M&A: The automatic pool cover segment benefited from both organic growth and the integration of recent Coverstar dealer acquisitions. Auto covers are being promoted for cost savings, maintenance, and especially safety, with a new partnership aimed at raising water safety awareness. Sand States Expansion: The company's strategy to build presence in high-growth states like Florida and Texas is showing early success, including partnerships with major builders and the launch of new fiberglass models suited to these markets. Targeted marketing campaigns have increased brand engagement and web traffic in these regions. Lean Manufacturing and Value Engineering: Latham delivered an improvement in gross margin through operational efficiencies, which management views as structural and key to its ability to drive operating leverage as industry conditions normalize. AI-Driven Dealer Tools: The rollout of the Measure by Latham platform, which uses artificial intelligence to streamline pool liner and cover measurements, has attracted new dealers and is expected to support market share gains in these categories. Management's outlook for the remainder of the year centers on continued operational discipline, targeted market expansion, and the ability to offset inflationary and tariff-related pressures through pricing and supply chain actions. Sand States Penetration: The expansion into Florida, Texas, Arizona, and California is expected to drive incremental growth, with management citing early gains in dealer partnerships and product alignment for these markets. Tariff Mitigation: Latham's approach to managing tariff exposure includes pre-purchasing inventory, negotiating with suppliers, and implementing targeted price increases, with the goal of protecting margins even as raw material costs fluctuate. Marketing and Dealer Engagement: Increased investment in marketing and AI-powered dealer tools is intended to raise brand visibility and support higher conversion rates, particularly in regions where Latham has historically been underrepresented. Ryan Merkel (William Blair): Asked about expectations for SG&A leverage and margin expansion as the year progresses; management replied that SG&A growth should moderate, with leverage improving in the second half as sales increase. Andrew Carter (Stifel): Inquired about risks and opportunities in quick-install fiberglass pools; CEO Scott Rajeski emphasized that the pool buying journey is lengthy, with affluent customers driving steady demand and no signs of order cancellations. Robert Schultz (Baird): Questioned the timing and effectiveness of tariff-related price increases; CFO Oliver Gloe explained that seasonal price hikes and additional targeted increases are intended to match the cadence of tariff impacts. Greg Palm (Craig-Hallum): Asked whether recent marketing investments are driving immediate or longer-term sales conversions; management responded that brand awareness is rising, with some sales impact this year, but most benefits expected over the longer term. Sean Callan (Bank of America): Requested a breakdown of organic versus acquisition-driven growth in auto covers; management disclosed that both factors contributed, with approximately $3 million in growth attributed to recent acquisitions. In the coming quarters, the StockStory team will track (1) whether Latham's Sand States expansion drives accelerating dealer growth and market share, (2) the sustainability of margin improvements amid tariff and supply chain headwinds, and (3) the impact of marketing investments on consumer demand and dealer conversions. Additional signs of progress in AI-enabled dealer platforms and the integration of acquired businesses will be key indicators of execution. Latham currently trades at a forward P/E ratio of 44.9×. Should you load up, cash out, or stay put? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. 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Yahoo
07-05-2025
- Business
- Yahoo
Latham (NASDAQ:SWIM) Posts Q1 Sales In Line With Estimates But Stock Drops
Residential swimming pool manufacturer Latham (NASDAQ:SWIM) met Wall Street's revenue expectations in Q1 CY2025, but sales were flat year on year at $111.4 million. The company's full-year revenue guidance of $550 million at the midpoint came in 2.5% above analysts' estimates. Its GAAP loss of $0.05 per share was 38.1% above analysts' consensus estimates. Is now the time to buy Latham? Find out in our full research report. Latham (SWIM) Q1 CY2025 Highlights: "we remain cautious on 2025 new pool starts, which we currently project to be roughly in line with 2024 levels. Additionally, we are closely monitoring the impact of elevated tariffs on imported raw materials. Imports represent approximately 15-20% of the raw materials used in our manufacturing process" Revenue: $111.4 million vs analyst estimates of $111.3 million (flat year on year, in line) EPS (GAAP): -$0.05 vs analyst estimates of -$0.08 (38.1% beat) Adjusted EBITDA: $11.1 million vs analyst estimates of $10.94 million (10% margin, 1.4% beat) The company reconfirmed its revenue guidance for the full year of $550 million at the midpoint EBITDA guidance for the full year is $95 million at the midpoint, above analyst estimates of $90.47 million Operating Margin: -4.4%, down from -1.9% in the same quarter last year Free Cash Flow was -$50.33 million compared to -$39.86 million in the same quarter last year Market Capitalization: $702.8 million Commenting on the results, Scott Rajeski, President and CEO, said, 'Our first quarter results were in line with our expectations and reflected the relative strength of Latham's fiberglass pool and autocover product categories and the ongoing benefits from our lean manufacturing and value engineering initiatives. Company Overview Started as a family business, Latham (NASDAQ:SWIM) is a global designer and manufacturer of in-ground residential swimming pools and related products. Sales Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Unfortunately, Latham struggled to consistently increase demand as its $509.3 million of sales for the trailing 12 months was close to its revenue four years ago. This was below our standards and suggests it's a low quality business. Latham Quarterly Revenue Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Latham's recent performance shows its demand remained suppressed as its revenue has declined by 10.9% annually over the last two years.
Yahoo
02-05-2025
- Business
- Yahoo
Latham Teams With Olympic Gold Medalist and World Champion Skier Bode Miller to Promote Pool Safety Reminders for Water Safety Month
Latham Automatic Safety Cover LATHAM, N.Y., May 02, 2025 (GLOBE NEWSWIRE) -- With summer just around the corner, Latham, The Pool Company [NASDAQ:SWIM], is reminding families to prioritize safety as we head into peak swimming season. During National Water Safety Month this May, the leading manufacturer of in-ground residential swimming pools is teaming up with Olympic and World Championship gold medalist and two-time Overall World Cup Champion Bode Miller to share essential pool safety tips with the goal of helping to prevent accidents and ensuring that homeowners can enjoy their pools with confidence. 'Drowning prevention is a cause that's deeply personal to me, which is why I've partnered with Latham and Coverstar to help raise awareness about the importance of pool safety,' said Bode Miller, whose 19-month-old daughter accidentally drowned in a neighbor's pool back in 2018. 'Simple steps like swim lessons and installing an autocover can make all the difference in keeping kids safe around the water.' According to the Centers for Disease Control and Prevention (CDC), drowning is the leading cause of death among children ages 1–4, with more than 4,000 unintentional drowning deaths in the U.S. every year.* By taking proactive measures, pool owners can help create a safer swimming environment for their loved ones. 'Swimming pools are a place of joy, relaxation and family fun—but safety should always come first,' said Scott Rajeski, President and CEO of Latham. 'At Latham, we are committed to not only delivering high-quality pools, but also to providing education on how to create a secure pool environment. Water Safety Month is the perfect time to talk about how to make backyard swimming pools as safe as possible.' Following are five essential water safety tips from the experts at Latham: Never Leave Children Unattended – Always have an adult supervising when children are in or near an open pool. Designate a 'Water Watcher' to remain alert and avoid distractions like phones. Teach Kids to Swim – According to the National Institute of Health, formal swim lessons can reduce the risk of drowning in children ages 1-4 by 88%.** It's important to enroll children in swim lessons as soon as possible. Install an Automatic Safety Cover – One of the most effective ways to prevent tragic accidents is by installing an automatic safety cover. Made with ultra-durable material that is essentially impenetrable, these covers provide a secure barrier that keeps kids, pets, wildlife and unauthorized guests out of the water. Additionally, a keyed safety switch is required for operation, providing peace of mind when the pool is not in use and when owners are away.'You wouldn't build a house without a roof, would you? The same thinking applies to a pool,' explained Rajeski. 'Our Coverstar automatic pool covers offer incredible peace of mind for homeowners looking to keep loved ones and pets out of harm's way. They also help to maintain water quality and reduce evaporation, making them a smart investment overall.' Practice Water Safety – Make sure every member of the household is educated on essential water safety rules, such as never swimming alone and always practicing the 'feet first' rule when entering a pool or spa. Be Prepared for Emergencies – Keep safety equipment, such as a life ring and first aid kit, near the pool. It can also be helpful to learn CPR and ensure family and friends know how to respond in case of an emergency. To learn more about water safety and automatic safety covers, visit * Drowning Data | Drowning Prevention | CDC** Association Between Swimming Lessons and Drowning in Childhood: A Case-Control Study - PMC About Latham, The Pool CompanyHeadquartered in Latham, NY, Latham Group, Inc., is the largest designer, manufacturer, and marketer of in-ground residential swimming pools and pool accessories in North America, Australia, and New Zealand. With over 60 years of experience and a coast-to-coast operations platform across 24 locations, the company offers a broad range of pool products, including fiberglass, vinyl liner, and automatic safety covers made by Coverstar. Based in Lindon, Utah, Coverstar is the leader in the automatic pool cover industry and a subsidiary of Latham Pool Products. For more information, visit Contact: Abigail Cox or Rachel IzsakL.C. Williams & Associates 800/837-7123 or 312/565-3900acox@ or rizsak@ A photo accompanying this announcement is available at in to access your portfolio
Associated Press
02-05-2025
- Health
- Associated Press
Latham Teams With Olympic Gold Medalist and World Champion Skier Bode Miller to Promote Pool Safety Reminders for Water Safety Month
LATHAM, N.Y., May 02, 2025 (GLOBE NEWSWIRE) -- With summer just around the corner, Latham, The Pool Company [NASDAQ:SWIM], is reminding families to prioritize safety as we head into peak swimming season. During National Water Safety Month this May, the leading manufacturer of in-ground residential swimming pools is teaming up with Olympic and World Championship gold medalist and two-time Overall World Cup Champion Bode Miller to share essential pool safety tips with the goal of helping to prevent accidents and ensuring that homeowners can enjoy their pools with confidence. 'Drowning prevention is a cause that's deeply personal to me, which is why I've partnered with Latham and Coverstar to help raise awareness about the importance of pool safety,' said Bode Miller, whose 19-month-old daughter accidentally drowned in a neighbor's pool back in 2018. 'Simple steps like swim lessons and installing an autocover can make all the difference in keeping kids safe around the water.' According to the Centers for Disease Control and Prevention (CDC), drowning is the leading cause of death among children ages 1–4, with more than 4,000 unintentional drowning deaths in the U.S. every year.* By taking proactive measures, pool owners can help create a safer swimming environment for their loved ones. 'Swimming pools are a place of joy, relaxation and family fun—but safety should always come first,' said Scott Rajeski, President and CEO of Latham. 'At Latham, we are committed to not only delivering high-quality pools, but also to providing education on how to create a secure pool environment. Water Safety Month is the perfect time to talk about how to make backyard swimming pools as safe as possible.' Following are five essential water safety tips from the experts at Latham: To learn more about water safety and automatic safety covers, visit * Drowning Data | Drowning Prevention | CDC ** Association Between Swimming Lessons and Drowning in Childhood: A Case-Control Study - PMC About Latham, The Pool Company Headquartered in Latham, NY, Latham Group, Inc., is the largest designer, manufacturer, and marketer of in-ground residential swimming pools and pool accessories in North America, Australia, and New Zealand. With over 60 years of experience and a coast-to-coast operations platform across 24 locations, the company offers a broad range of pool products, including fiberglass, vinyl liner, and automatic safety covers made by Coverstar. Based in Lindon, Utah, Coverstar is the leader in the automatic pool cover industry and a subsidiary of Latham Pool Products. For more information, visit Contact: Abigail Cox or Rachel Izsak L.C. Williams & Associates 800/837-7123 or 312/565-3900 [email protected] or [email protected] A photo accompanying this announcement is available at
