Why Latham Group Stock Is Making a Splash Today

Swimming pool manufacturer Latham Group (NASDAQ: SWIM) rode a wave of cost cuts to better-than-expected earnings. Investors are diving in, sending Latham shares up 42% as of 2:30 p.m. ET.Latham designs and manufactures in-ground swimming pools in North America, Australia, and New Zealand. In the quarter, the company earned $0.11 per share, up 55% year over year and well above the $0.01 per share consensus estimate.Revenue fell by about 10% year over year to $160.1 million, but the company boosted profitability via "improved cost structure and the impact of production efficiencies," according to CEO Scott Rajeski.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool