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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 160M | 44.7% |
| Gross Profit | 53M | 73.3% |
| Cost of Revenue | 107M | 33.8% |
| Operating expense | 33M | 0.8% |
| Net Income | 13M | 268.9% |
| EBITDA | 27M | 525.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 830M | 2.6% |
| Total Liabilities | 422M | 1.2% |
| Total Equity | 408M | 4.2% |
| Shares Outstanding | 116M | 0.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 52M | 251.9% |
| Cash from investing | -4.5M | 16% |
| Cash from financing | -1M | 94.7% |
EPS
Financial Highlights for Latham Group in Q2 '24
Latham Group reported a revenue of 160M, which is a 44.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 53M, marking a 73.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 107M, a 33.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 33M, showing a 0.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 13M, showing a 268.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 27M, showing a 525.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Latham Group with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
