Latham Group, Inc. (NASDAQ:SWIM) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET
Company Participants
Casey Kotary - Investor Relations
Scott Rajeski - President & Chief Executive Officer
Oliver Gloe - Chief Financial Officer
Conference Call Participants
Tim Wojs - Baird
Mike Francis - William Blair
Anika Dholakia - Barclays
Andrew Carter - Stifel
Susan Maklari - Goldman Sachs
Operator
Good afternoon, and welcome to the Latham Group Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Casey Kotary, Investor Relations Representative. Please go ahead.
Casey Kotary
Thank you. This afternoon, we issued our second quarter 2024 earnings press release, which is available on the Investor Relations portion of our website, where you can also find the slide presentation that accompanies our prepared remarks.
On today's call are Latham's President and CEO, Scott Rajeski and CFO, Oliver Gloe. Following their remarks, we will open the call to questions.
During this call, the company may make certain statements that constitute forward-looking statements which reflect the company's views with respect to future events and financial performance as of today or the date specified. Actual events and results may differ materially from those contemplated by such forward-looking statements due to risks and other factors that are set forth in the company's annual report on Form 10-K and subsequent reports filed or furnished with the SEC as well as today's earnings release. The company expressly disclaims any obligation to update any forward-looking statements, except as required by applicable law.
In addition, during today's call, the company will discuss certain non-GAAP financial measures. Reconciliations of the directly comparable GAAP measures to these non-GAAP measures can be found in the slide presentation that accompanies our prepared remarks, which can be found on our Investor Relations website.
I'll now turn the call over to Scott Rajeski.
Scott Rajeski
Thank you, Casey. Good afternoon, everyone, and thank you for participating in today's call to review our second quarter and first half 2024 results. We will also discuss our business outlook for the rest of the year. We effectively managed through soft business conditions in the second quarter, drove substantial year-on-year gains in profitability and strengthened our competitive position. And as you've seen from our release, this performance, together with our announced acquisition of Coverstar Central enabled us to increase our adjusted EBITDA guidance for full year 2024 by $15 million.