SWIM Q1 2024 Earnings — Latham Group, Inc. Revenue & Financial Results | Market Cap Arena

SWIMLatham Group, Inc.

$746M

Q1 2024 Earnings

Industrials Construction

Income Statement

Revenue

$111M-19.7% YoY

Gross Profit

$31M27.7% margin

Operating Income

-$2M-1.9% margin

Net Income

-$8M-7.1% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+21.7%

Cash Flow

Operating Cash Flow

-$35M

Free Cash Flow

-$40M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$809M

Total Liabilities

$417M

Stockholders' Equity

$392M

Cash & Equivalents

$44M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$111M	$138M	-19.7%
Gross Profit	$31M	$33M	-8.3%
Operating Income	-$2M	-$6M	+67.2%
Net Income	-$8M	-$14M	+45.3%

Revenue Segments

In-ground Swimming Pools

$60M54%

Covers

$27M24%

Liners

$24M22%