Latham Fiberglass Pool Sales Continue to Shine

Lean Manufacturing and Cost Reductions Drive Success

In-Ground Pool Market Showing Positive Trends

As the in-ground pool market remains in line with expectations, Latham Group, Inc. continues to stand out with its impressive fiberglass pool sales. With a focus on lean manufacturing, value engineering initiatives, and improved procurement strategies, Latham has been able to drive meaningful cost reductions and narrow their full-year 2024 net sales and adjusted EBITDA guidance ranges.

In the third quarter of 2024, Latham reported net sales of $150.5 million, net income of $5.9 million, and adjusted EBITDA of $29.8 million, representing 19.8% of net sales. For the first nine months of 2024, the company saw net sales of $421.2 million, net income of $11.3 million, and adjusted EBITDA of $76.6 million (18.2% of net sales).

Latham Group, Inc., based in Latham, N.Y., is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. Their continued success in the market can be attributed to their focus on innovation, quality, and customer satisfaction.

With the in-ground pool market showing positive trends and Latham’s fiberglass pool sales on the rise, it’s clear that the company’s commitment to lean manufacturing and cost reductions is paying off. Customers can expect high-quality products and exceptional service from Latham, making them a top choice for residential swimming pools.

How will this affect me?

As a consumer, Latham’s success in the in-ground pool market means you can expect innovative products, high-quality materials, and excellent customer service when purchasing a fiberglass pool. With their focus on lean manufacturing and cost reductions, you may also see more competitive pricing options available.

How will this affect the world?

Latham Group, Inc.’s success in the in-ground pool market demonstrates the importance of innovation, efficiency, and sustainability in manufacturing. By investing in lean manufacturing practices and cost reductions, Latham is not only driving financial success but also reducing their environmental impact and setting a positive example for the industry.

In conclusion,

The continued success of Latham Fiberglass Pool Sales highlights the company’s commitment to innovation, quality, and customer satisfaction. With the in-ground pool market showing positive trends, Latham’s focus on lean manufacturing and cost reductions positions them as a leader in the industry. Consumers can expect high-quality products and exceptional service, while the world benefits from their dedication to efficiency and sustainability.