Tranche Update on Latham Group, Inc.'s Equity Buyback Plan announced on May 12, 2022.
November 08, 2023 at 03:01 am IST
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From July 2, 2023 to September 30, 2023, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 4,483,620 shares, representing 3.79% for $23.03 million under the buyback announced on May 12, 2022.
Latham Group, Inc. is a designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. The Company offers a range of pools and related products, including in-ground swimming pools, pool liners, and pool covers. Its in-ground swimming pools products include fiberglass pools and packaged pools. The Company offers a portfolio of fiberglass pools with customizable features that include different colors, elaborate finishes, floor mosaics, lighting options, water features, in-floor cleaning, tanning ledges, and spillover spas. The Company manufactures replacement liners and custom vinyl pools in the North American residential in-ground swimming pool market. The Company offers automatic safety covers and all-season pool covers. In North America, it operates under one banner, Latham, the Pool Company. Its sub-brands, which sit under the Latham master brand, include Narellan, CoverStar, Radiant, and GLI, among others.