Latham Group reported strong Q3 2025 financial performance despite management projecting flat to slightly down new pool starts for the remainder of 2025 due to economic uncertainty.
Financial Highlights (Q3 2025 vs. Q3 2024): Net Sales grew 7.6% to \(161.9 million. Gross Margin improved significantly to 35.4% (from 32.4%) due to volume and acquisition accretion. Net Income rose 37.7% to \)8.1 million (5.0% margin), and Adjusted EBITDA increased 28.5% to \(38.3 million (23.7% margin). Year-to-date (9 months), Net Sales reached \)445.96 million, and Net Income substantially improved to $18.14 m
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