Workflow
Why Latham Group Stock Is Making a Splash Today
SWIMLatham (SWIM) The Motley Fool·2024-08-08 03:21

Efficiencies drove a quarterly earnings beat. Swimming pool manufacturer Latham Group (SWIM 45.18%) rode a wave of cost cuts to better-thanexpected earnings. Investors are diving in, sending Latham shares up 42% as of 2:30 p.m. ET. A more efficient pool maker Latham designs and manufactures in-ground swimming pools in North America, Australia, and New Zealand. In the quarter, the company earned $0.11 per share, up 55% year over year and well above the $0.01 per share consensus estimate. Revenue fell by abou ...