Latham Group, Inc.SWIMEarnings & Financial Report
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
Revenue
$110.6M
Gross Profit
$30.6M
Operating Profit
$-2.1M
Net Profit
$-7.9M
Gross Margin
27.7%
Operating Margin
-1.9%
Net Margin
-7.1%
YoY Growth
N/A
EPS
$-0.07
Latham Group, Inc. Q1 FY2024 Financial Summary
Latham Group, Inc. reported revenue of $110.6M for Q1 FY2024, with a net profit of $-7.9M (-7.1% margin). Cost of goods sold was $80.0M, operating expenses totaled $32.7M.
Key Financial Metrics
| Total Revenue | $110.6M |
|---|---|
| Net Profit | $-7.9M |
| Gross Margin | 27.7% |
| Operating Margin | -1.9% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Latham Group, Inc. Q1 FY2024 revenue of $110.6M breaks down across 3 segments, led by In Ground Swimming Pools at $59.8M (54.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| In Ground Swimming Pools | $59.8M | 54.1% |
| Covers | $26.9M | 24.3% |
| Liners | $23.9M | 21.6% |
Latham Group, Inc. Revenue by Segment — Quarterly Trend
Latham Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as In Ground Swimming Pools and Covers) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| In Ground Swimming Pools | $50.2M | $75.4M | $78.6M | $57.7M |
| Covers | $37.0M | $54.9M | $37.2M | $31.6M |
| Liners | $12.7M | $31.6M | $56.8M | $22.1M |
Latham Group, Inc. Annual Revenue by Year
Latham Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $545.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $545.9M |
| 2024 | $508.5M |
Latham Group, Inc. Quarterly Revenue & Net Profit History
Latham Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $100.0M | +14.5% | $-7.0M | -7.0% |
| Q3 FY2025 | $161.9M | +7.6% | $8.1M | 5.0% |
| Q2 FY2025 | $172.6M | +7.8% | $16.0M | 9.3% |
| Q1 FY2025 | $111.4M | +0.7% | $-6.0M | -5.4% |
| Q4 FY2024 | $87.3M | — | $-29.2M | -33.4% |
| Q3 FY2024 | $150.5M | -6.4% | $5.9M | 3.9% |
| Q2 FY2024 | $160.1M | +16.3% | $13.3M | 8.3% |
| Q1 FY2024 | $110.6M | — | $-7.9M | -7.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $110.6M | $160.1M | $150.5M | $87.3M | $111.4M | $172.6M | $161.9M | $100.0M |
| YoY Growth | N/A | 16.3% | -6.4% | N/A | 0.7% | 7.8% | 7.6% | 14.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $808.6M | $830.0M | $853.4M | $794.2M | $824.6M | $822.1M | $844.4M | $823.2M |
| Liabilities | $416.8M | $421.9M | $436.8M | $407.0M | $443.4M | $423.7M | $436.1M | $417.4M |
| Equity | $391.8M | $408.1M | $416.6M | $387.2M | $381.1M | $398.4M | $408.4M | $405.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-34.5M | $52.4M | $37.2M | $6.2M | $-46.9M | $36.0M | $51.0M | $23.3M |