Latham Shares Fall After Q1 Revenue Miss Despite Sales Gains Across Product Lines

Latham Group Inc. (SWIM) shares traded at $5.38 on May 15, 2026, down from $5.86 before its first-quarter earnings call, after revenue missed Wall Street expectations despite management citing sales growth across all product lines. CEO Sean Gadd said fiberglass pool sales posted double-digit gains in Florida, a priority market under the company’s Sand States strategy. Management said adverse weather in North America weighed on organic growth but did not stop broader sales momentum. Investors are watching sales growth in targeted Sand States markets, margin support from manufacturing and efficiency programs amid higher input and freight costs, and expected synergies from the Freedom Pools acquisition. Consumer demand and supply-chain disruptions remain key execution risks.