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

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.

Source: TokenPost