12:01 PM EDT, 03/13/2024 (MT Newswires) -- Latham Group ( SWIM ) late Tuesday reported Q4 net income of $0.00 per diluted share compared with a $0.17 loss a year earlier.

Analysts polled by Capital IQ expected a $0.12 loss.

Revenue for the quarter ended Dec. 31 was $90.9 million, down from $107.9 million a year earlier.

Analysts expected $87 million.

For 2024, the residential swimming pool company is projecting revenue of $490 million to $520 million.

Analysts are looking for $520.7 million.

Latham shares recently were recently down about 8%, partially recovering from a more than 13% decline soon after Wednesday's opening bell.

Price: 3.02, Change: -0.26, Percent Change: -8.08