SWIM Q3 2023 Earnings — Latham Group, Inc. Revenue & Financial Results | Market Cap Arena

SWIMLatham Group, Inc.

$746M

Q3 2023 Earnings

Industrials Construction

Income Statement

Revenue

$161M-15.1% YoY

Gross Profit

$48M29.9% margin

Operating Income

$18M11.2% margin

Net Income

$6M3.8% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

-9.2%

Cash Flow

Operating Cash Flow

$52M

Free Cash Flow

$47M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$865M

Total Liabilities

$473M

Stockholders' Equity

$393M

Cash & Equivalents

$78M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$189M	-15.1%
Gross Profit	$48M	$59M	-18.2%
Operating Income	$18M	$25M	-27.6%
Net Income	$6M	$12M	-48.2%

Revenue Segments

In-ground Swimming Pools

$83M52%

Covers

$47M30%

Liners

$30M19%