Latham Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-12

Latham Group (NASDAQ:SWIM) Third Quarter 2024 ResultsKey Financial Results Revenue: US$150.5m (down 6.4% from 3Q 2023). Net income: US$5.90m (down 4.2% from 3Q 2023). Profit margin: 3.9% (up from 3.8%...

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Net income: US$5.90m (down 4.2% from 3Q 2023). Profit margin: 3.9% (up from 3.8%...</p>\n\n<a href=\"https://simplywall.st/stocks/us/consumer-durables/nasdaq-swim/latham-group/news/latham-group-third-quarter-2024-earnings-eps-beats-expectati\">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":"https://simplywall.st/stocks/us/consumer-durables/nasdaq-swim/latham-group/news/latham-group-third-quarter-2024-earnings-eps-beats-expectati","article_id":"2483805886","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4121000-choice2-main-header/1585186962234"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483805886","pubTimestamp":1731413937,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Latham Group ( NASDAQ:SWIM ) Third Quarter 2024 Results Key Financial Results Revenue: US$150.5m (down 6.4% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SWIM":"Latham Group, Inc."},"translate_title":"瑞生集团2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SWIM":1},"content_text":"Latham Group (NASDAQ:SWIM) Third Quarter 2024 ResultsKey Financial Results Revenue: US$150.5m (down 6.4% from 3Q 2023). Net income: US$5.90m (down 4.2% from 3Q 2023). Profit margin: 3.9% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. EPS: US$0.051 (down from US$0.054 in 3Q 2023).  NasdaqGS:SWIM Earnings and Revenue History November 12th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Latham Group EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 1.1%.  Earnings per share (EPS) exceeded analyst estimates by 1.1%.      Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in the US.    Performance of the American Leisure industry.  The company's shares are down 9.9% from a week ago.   Risk Analysis Before we wrap up, we've discovered 2 warning signs for Latham Group (1 makes us a bit uncomfortable!) that you should be aware of. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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