Latham Group Shares Soar on Strong 2025 Sales Outlook

Dow Jones

20小时前

By Dean Seal

Shares of Latham Group surged after the company's sales outlook for 2025 came in well above analyst expectations.

The stock was up 30% at $7.12 in midday trading. Shares were trading at $3.13 this time a year ago.

The designer of in-ground pools said after the bell Tuesday that it expects $535 million to $565 million in revenue for 2025, which would be up 8% at the midpoint from 2024's total.

Analysts polled by FactSet had been projecting $528.4 million in revenue.

Chief Executive Scott Rajeski said the company's market share gains in fiberglass pools, along with benefits from its acquisition of Coverstar Central, position it for top-line growth this year.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 05, 2025 12:00 ET (17:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares were trading at $3.13 this time a year ago. \n\n\n  The designer of in-ground pools said after the bell Tuesday that it expects $535 million to $565 million in revenue for 2025, which would be up 8% at the midpoint from 2024's total. \n\n\n  Analysts polled by FactSet had been projecting $528.4 million in revenue. \n\n\n  Chief Executive Scott Rajeski said the company's market share gains in fiberglass pools, along with benefits from its acquisition of Coverstar Central, position it for top-line growth this year. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 12:00 ET (17:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}