Stock Track | Latham Group Plunges 15% in After-Hours on Disappointing Q3 Earnings Miss

Stock Track11-06

Shares of Latham Group, Inc. (SWIM), a leading designer and manufacturer of in-ground residential swimming pools and accessories, plummeted 14.89% in after-hours trading on November 5, 2024, after the company reported weaker-than-expected financial results for the third quarter.

Latham Group's Q3 revenue came in at $150.5 million, missing analysts' estimates of $152.3 million. The company also fell short on earnings, reporting adjusted earnings per share (EPS) of $0.05, below the consensus estimate of $0.06. Gross margin for the quarter stood at 32.4%, and adjusted EBITDA margin was 19.8%, reflecting a decline from the prior-year period.

The disappointing results, coupled with concerns over rising costs and macroeconomic headwinds, weighed heavily on investor sentiment. Latham Group's net debt level rose to $222.9 million, with a net debt leverage ratio of 2.6x as of September 28, 2024. While the company highlighted its efforts to improve cost structures and production efficiencies, investors appeared skeptical about its ability to navigate the challenging industry conditions effectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1185556768?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 05:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185556768","market":"hk","top_or_hot":-1,"title":"Stock Track | Latham Group Plunges 15% in After-Hours on Disappointing Q3 Earnings Miss","media":"Stock Track","content":"<p>Shares of Latham Group, Inc. (SWIM), a leading designer and manufacturer of in-ground residential swimming pools and accessories, plummeted 14.89% in after-hours trading on November 5, 2024, after the company reported weaker-than-expected financial results for the third quarter.</p>\n\n<p>Latham Group's Q3 revenue came in at $150.5 million, missing analysts' estimates of $152.3 million. The company also fell short on earnings, reporting adjusted earnings per share (EPS) of $0.05, below the consensus estimate of $0.06. Gross margin for the quarter stood at 32.4%, and adjusted EBITDA margin was 19.8%, reflecting a decline from the prior-year period.</p>\n\n<p>The disappointing results, coupled with concerns over rising costs and macroeconomic headwinds, weighed heavily on investor sentiment. Latham Group's net debt level rose to $222.9 million, with a net debt leverage ratio of 2.6x as of September 28, 2024. While the company highlighted its efforts to improve cost structures and production efficiencies, investors appeared skeptical about its ability to navigate the challenging industry conditions effectively.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Latham Group Plunges 15% in After-Hours on Disappointing Q3 Earnings Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Latham Group Plunges 15% in After-Hours on Disappointing Q3 Earnings Miss\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-06 05:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Latham Group, Inc. (SWIM), a leading designer and manufacturer of in-ground residential swimming pools and accessories, plummeted 14.89% in after-hours trading on November 5, 2024, after the...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SWIM","symbol_name":"Latham Group, Inc.","start_time":0,"source_url":"","article_id":"1185556768","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185556768","pubTimestamp":1730842352,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Latham Group, Inc. , a leading designer and manufacturer of in-ground residential swimming pools and accessories, plummeted 14.89% in after-hours trading on November 5, 2024, after the company reported weaker-than-expected financial results for the third quarter.Latham Group's Q3 revenue came in at $150.5 million, missing analysts' estimates of $152.3 million. The company also fell short on earnings, reporting adjusted earnings per share  of $0.05, below the consensus estimate of $0.06","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SWIM":"Latham Group, Inc."},"translate_title":"莱瑟姆集团(Latham Group)因第三季度盈利令人失望而盘后暴跌15%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SWIM":1},"content_text":"Shares of Latham Group, Inc. (SWIM), a leading designer and manufacturer of in-ground residential swimming pools and accessories, plummeted 14.89% in after-hours trading on November 5, 2024, after the company reported weaker-than-expected financial results for the third quarter.\nLatham Group's Q3 revenue came in at $150.5 million, missing analysts' estimates of $152.3 million. The company also fell short on earnings, reporting adjusted earnings per share (EPS) of $0.05, below the consensus estimate of $0.06. Gross margin for the quarter stood at 32.4%, and adjusted EBITDA margin was 19.8%, reflecting a decline from the prior-year period.\nThe disappointing results, coupled with concerns over rising costs and macroeconomic headwinds, weighed heavily on investor sentiment. Latham Group's net debt level rose to $222.9 million, with a net debt leverage ratio of 2.6x as of September 28, 2024. While the company highlighted its efforts to improve cost structures and production efficiencies, investors appeared skeptical about its ability to navigate the challenging industry conditions effectively.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185556768"}