# Latham Group Approves $100 Million Buyback as Third-Quarter Sales Rise

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/48346
Published: 2026-11-04T08:17:14.000Z
Updated: 2026-11-04T08:17:14.000Z
Section: Business

> The pool maker reported $12.1 million in net income and narrowed its fiscal 2026 sales and adjusted EBITDA forecasts.

Latham Group, Inc. approved a $100 million share repurchase plan after third-quarter sales rose 12.5%, pairing a new three-year buyback authorization with growth in its in-ground pool business.

Net sales reached $182.2 million in the fiscal quarter ended Sept. 26, 2026, compared with $161.9 million a year earlier. Net income climbed to $12.1 million from $8.1 million, while diluted earnings per share rose to $0.10 from $0.07. The latest results included a one-time $5 million loss related to the extinguishment and modification of debt.

Gross margin increased to 36.7%, a gain of 130 basis points from the year-earlier quarter. Adjusted EBITDA, a non-GAAP earnings measure, grew 18.1% to $45.3 million and accounted for 24.8% of net sales.

Sales of in-ground pools increased 22.6% from a year earlier, including 13.9% organic growth. Organic growth across the company’s net sales was 8.4%.

Latham narrowed its fiscal 2026 net sales forecast to $605 million to $615 million from $600 million to $620 million. It also tightened its adjusted EBITDA range to $112 million to $118 million from $110 million to $120 million. The company said the revised ranges represent growth of 11.7% in sales and 15.2% in adjusted EBITDA at their respective midpoints.

The board’s repurchase authorization extends over three years. Latham designs, makes and markets residential in-ground pools in North America, Australia and New Zealand. Its shares trade on Nasdaq under the ticker SWIM.