Latham Group, Inc. (SWIM), a leading designer, manufacturer, and marketer of in-ground residential swimming pools, saw its stock surge 12.64% in after-hours trading on Tuesday. The company reported impressive fourth-quarter and full-year 2024 financial results, outpacing analyst estimates and providing an optimistic outlook for 2025.
The key highlights driving the stock's upward movement include:
Looking ahead, Latham Group provided robust 2025 guidance, anticipating 8% sales growth and 19% growth in Adjusted EBITDA at the midpoints. The company expects to benefit from continued market share gains in fiberglass pools, the acquisition of Coverstar Central, and increased adoption of automatic safety covers.
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