Latham Group, Inc.

Total debt was $311.2 million at the end of the first quarter, and the net debt leverage ratio was 2.8.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Capital expenditures totaled $22.5 million in the first quarter of 2026, which includes $4.9 million related to ongoing projects and $17.6 million related to the purchase of four key fiberglass production sites this consisted of a $5.6 million payment and a $12.0 million deposit made in 2025 and settled in the first quarter of 2026.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

This compares to $3.5 million in capital expenditures in the first quarter of 2025.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

FY 2026 Guidance Ranges Low High Net Sales $580 million $610 million Adjusted EBITDA 1 $105 million $120 million Capital Expenditures $42 million $48 million 1) A reconciliation of Latham s projected Adjusted EBITDA to net income (loss) for 2026 is not available without unreasonable effort due to uncertainty related to our future income tax expense (benefit).

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

This earnings release includes the presentation of Adjusted EBITDA, Adjusted EBITDA margin, net debt and net debt leverage ratio which are non-GAAP financial measures that exclude the impact of certain costs, losses, and gains that are required to be included under U.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Net Debt and Net Debt Leverage Ratio Net Debt and Net Debt Leverage Ratio are non-GAAP financial measures used in monitoring and evaluating our overall liquidity, financial flexibility, and leverage.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Reports First Quarter 2026 Financial Results Year-Over-Year Sales Growth Achieved Across All Three Product Lines Positive Sales Trends Continued in April Sand State Strategy on Track with Double-Digit Sales Growth in Florida Gross Margin Expanded by 220 Basis Points Benefiting from Volume Leverage, Lean Manufacturing and Value Engineering Efficiencies Reaffirms Full Year Guidance for 9.0% Net Sales Growth and 12.7% Adjusted EBITDA Growth at the Midpoints First Quarter 2026 Financial Highlights Net sales of $117.3 million, up 5.3% Net loss of $8.5 million Net loss per diluted share of $0.07 Adjusted EBITDA of $12.2 million 10.4% of net sales LATHAM, N.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Commenting on the results, Sean Gadd, President and CEO, said, We continue to execute effectively on our strategic priorities and achieved sales growth in each of our product lines in the first quarter.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Adjusted EBITDA growth outpaced sales growth by a considerable margin, demonstrating Latham s substantial operating leverage and cost discipline, which more than offset the impact of higher investments in growth initiatives.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

To accelerate our growth in Florida and the other Sand State markets, we are moving forward with several new initiatives to capture consumer demand and provide additional value to our dealers.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

These initiatives will be supported by a targeted marketing campaign aimed at educating consumers on the benefits of fiberglass and pool ownership.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

FY 2026 Guidance Ranges Low High Net Sales $580 million $610 million Adjusted EBITDA 1 $105 million $120 million Capital Expenditures $42 million $48 million 1) A reconciliation of Latham s projected Adjusted EBITDA to net income (loss) for 2026 is not available without unreasonable effort due to uncertainty related to our future income tax expense (benefit).

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

These statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including potential breaches to our technological infrastructure and information systems geopolitical instability and market instability caused by such instability, including as a result of the conflict in the Middle East involving Iran, the U.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Given these uncertainties, you should not place undue reliance on these forward-looking statements.

SEC original ↗Latham Group, Inc. — Earnings release (8-K exhibit)EX-99May 5, 2026

Legal Proceedings 38 Item 1A.

SEC original ↗Latham Group, Inc. — 10-Q Quarterly report10-QAug 5, 2026

These statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including those set forth under Risk Factors, Management's Discussion and Analysis of Financial Condition and Results of Operations and elsewhere in the Annual Report and as described in other subsequent reports we file with the SEC, including elsewhere in this Quarterly Report on Form 10-Q.

SEC original ↗Latham Group, Inc. — 10-Q Quarterly report10-QAug 5, 2026

New emerging risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business, financial condition, results of operations and cash flows.

SEC original ↗Latham Group, Inc. — 10-Q Quarterly report10-QAug 5, 2026