Professional
Added to YB: 2026-03-12
Pitch date: 2026-02-28
SWIM [neutral]
Latham Group, Inc.
-5.98%
current return
Author Info
Optimist Fund is a concentrated, global growth-oriented value investment partnership Follow on Twitter/X.
Company Info
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand.
Market Cap
$736.8M
Pitch Price
$6.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.93
P/E
70.11
EV/Sales
1.77
Sector
Leisure Products
Category
growth
Optimist Fund Portfolio Holding: Latham Group, Inc.
SWIM (trimmed position): Q3 rev $162M (+7.6% YoY) beat flat pool market; adj EBITDA $38.3M (+28.5%). FY guide raised to $540-550M rev, $92-98M EBITDA. CEO retirement prompted position cut from 6% to 3% of fund—not on fundamentals, but lower conviction until new CEO (from James Hardie) proves capable.
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