Filing Flows › Latham Group (SWIM) › Q3 2026
Latham Group (SWIM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Latham Group (SWIM) reported revenue of $182M for the third quarter 2026 (Q3 2026), +13% from a year earlier and -8% from the quarter before. Operating margin was 13.0%, net earnings $12.1M (6.6% of revenue).
Latham Group, Q3 2026: revenue $182M (+12% year over year), operating margin 13.0%, net earnings $12.1M, operating cash flow $48.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | -8% | +13% |
| Gross profit | $66.8M | -5% | +17% |
| Operating profit | $23.6M | -6% | +10% |
| Net earnings | $12.1M | -5% | +49% |
| Operating cash flow | $48.8M | -9% | -4% |
| Free cash flow | $42.7M | -11% | -6% |
What changed
Revenue was $182.2M in Q3 2026, up 13% year over year and down 8% from the previous quarter. In-ground Swimming Pools was the largest line at 51% of revenue. In-ground Swimming Pools added $17.1M year over year (up 23%), 84% of the total change. Liners declined 5%.
Gross margin was 36.7%, up 1.3 points from Q3 2025. Operating profit was $23.6M, a 13.0% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, below the 13% margin then. Operating expenses grew 21% against revenue growth of 13%. The fastest-growing cost line was SG&A (+25%). Net earnings were $12.1M, up 49% year over year. The effective tax rate was 19.7%.
Operating cash flow was $48.8M (down 4% year over year), 405% of net earnings. Non-cash charges added back $13.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $22.3M. Capital expenditures of $6.1M left free cash flow of $42.7M.
Questions
What was Latham Group's revenue in the third quarter 2026?
Latham Group (SWIM) reported revenue of $182M for the third quarter 2026 (Q3 2026), +13% from a year earlier and -8% from the quarter before.
Was Latham Group profitable in the third quarter 2026?
Operating profit was $23.6M (13.0% of revenue) and net earnings $12.1M.
Source: Latham Group 10-Q on SEC EDGAR.