SWIM Q2 2023 Earnings — Latham Group, Inc. Revenue & Financial Results | Market Cap Arena

SWIMLatham Group, Inc.

$746M

Q2 2023 Earnings

Industrials Construction

Income Statement

Revenue

$177M-14.3% YoY

Gross Profit

$50M28.4% margin

Operating Income

$13M7.6% margin

Net Income

$6M3.2% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+28.6%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$37M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$871M

Total Liabilities

$485M

Stockholders' Equity

$386M

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$177M	$207M	-14.3%
Gross Profit	$50M	$68M	-25.7%
Operating Income	$13M	$19M	-28.2%
Net Income	$6M	$4M	+32.8%

Revenue Segments

In-ground Swimming Pools

$91M51%

Liners

$58M33%

Covers

$29M16%