Latham Group Reports Strong Q3 2026 Growth Driven by Fiberglass Pool Demand
Latham Group (SWIM) delivered robust third-quarter results for 2026, reporting net sales of $182.2 million, a 12.5% increase year-over-year. The growth was primarily fueled by an 8.4% organic increase and significant momentum in the in-ground fiberglass pool segment, which saw sales rise 22.6%. Performance was particularly strong in 'Sand States' like Florida and Texas, where lead volumes surged following direct-to-consumer marketing efforts. Profitability also improved significantly, with net income rising 48.5% to $12.1 million and Adjusted EBITDA increasing 18.1% to $45.3 million. While the company narrowed its full-year revenue guidance due to geopolitical tensions affecting transportation costs, management remains optimistic, citing higher gross margins from lean manufacturing and increased market penetration for fiberglass pools.
Tickers: $SWIM
Topics: adjusted EBITDA gross margin net income net sales organic growth