Latham Group Full Year 2023 Earnings: EPS Beats Expectations
Latham Group (NASDAQ:SWIM) Full Year 2023 Results
Key Financial Results
Revenue: US$566.5m (down 19% from FY 2022).
Net loss: US$2.39m (loss narrowed by 58% from FY 2022).
US$0.021 loss per share (improved from US$0.05 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Latham Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 86%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company's shares are down 1.6% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Latham Group that you should be aware of before investing here.
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