LATHAM, N.Y. (AP) — LATHAM, N.Y. (AP) — Latham Group Inc. (SWIM) on Tuesday reported a loss of $19 million in its fourth quarter.
On a per-share basis, the Latham, New York-based company said it had a loss of 17 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The swimming pool maker posted revenue of $107.9 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $101.9 million.
For the year, the company reported a loss of $5.7 million, or 5 cents per share. Revenue was reported as $695.7 million.
For the current quarter ending in March, Latham Group said it expects revenue in the range of $120 million to $130 million.
The company expects full-year revenue in the range of $565 million to $615 million.
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