Latham Group Reports Q3 Results, Announces $100 Million Buyback
Latham Group reported third-quarter net sales of $182.2 million, up 12.5% year over year, net income of $12.1 million and Adjusted EBITDA of $45.3 million, up 18.1%. It approved a $100 million share buyback and reaffirmed and narrowed full-year guidance.
Latham Group, Inc. announced its financial results for the third quarter ended September 26, 2026, reporting net sales of $182.2 million, a 12.5% increase year-over-year. The company achieved a net income of $12.1 million and an Adjusted EBITDA of $45.3 million, representing an 18.1% increase. Growth was driven by strong performance in in-ground pool sales, which rose 22.6%, and accelerated sales in the 'Sand States' of Florida and Texas.
Alongside these results, the company's Board of Directors approved a new $100 million share buyback program. Management reaffirmed and narrowed its full-year guidance, projecting net sales growth of 11.7% and Adjusted EBITDA growth of 15.2% at the midpoints.