SWIM Q1 2023 Earnings — Latham Group, Inc. Revenue & Financial Results | Market Cap Arena

SWIMLatham Group, Inc.

$746M

Q1 2023 Earnings

Industrials Construction

Income Statement

Revenue

$138M-28.1% YoY

Gross Profit

$33M24.2% margin

Operating Income

-$6M-4.6% margin

Net Income

-$14M-10.4% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+27.6%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$24M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$930M

Total Liabilities

$555M

Stockholders' Equity

$375M

Cash & Equivalents

$55M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$192M	-28.1%
Gross Profit	$33M	$71M	-52.8%
Operating Income	-$6M	$7M	-192.9%
Net Income	-$14M	-$3M	-405.9%

Revenue Segments

In-ground Swimming Pools

$79M57%

Covers

$33M24%

Liners

$26M19%