Shares of Latham Group (NASDAQ:SWIM) surged 19.6% to $7.76 in premarket trading on Wednesday after the swimming pool manufacturer posted fourth-quarter results that came in ahead of analysts’ forecasts.
The company reported that net sales for the quarter rose 14.5% compared with the same period a year earlier.
Latham Group also highlighted particularly strong performance in the U.S. market, where growth was largely supported by higher demand for fiberglass pools.