LATHAM, N.Y. (AP) — LATHAM, N.Y. (AP) — Latham Group Inc. (SWIM) on Tuesday reported third-quarter net income of $5.9 million.
On a per-share basis, the Latham, New York-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The swimming pool maker posted revenue of $150.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $153.7 million.
Latham Group expects full-year revenue in the range of $500 million to $510 million.
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