Latham Group: The Pool Specialist Resurfaces with an Earnings Increase of 85% After Years of Stagnation

In early April, we first reported here about the comeback qualities of the swimming pool specialist. After a boom in 2020 and 2021, the company struggled with declining demand and rising interest rates post-COVID. However, with its durable and low-maintenance fiberglass pools, which make up about 75% of total revenue, Latham has increasingly managed to distinguish itself from its competitors. Above-average profit margins from fiberglass pools and a comparatively low sales decline in the industry in 2024 led to a share price increase of 84% within...