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)
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