• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Hayward Holdings Announces Second Quarter Fiscal Year 2024 Financial Results and Narrows Full-Year Guidance Range

    7/30/24 7:01:00 AM ET
    $HAYW
    Industrial Machinery/Components
    Industrials
    Get the next $HAYW alert in real time by email

    SECOND QUARTER FISCAL 2024 SUMMARY

    • Net Sales increased year-over-year to $284.4 million
    • Net Income increased 28% year-over-year to $37.6 million
    • Adjusted EBITDA* increased 4% year-over-year to $82.6 million
    • Diluted EPS increased 31% year-over-year to $0.17 and adjusted diluted EPS* increased 11% year-over-year to $0.21
    • Year-to-date cash flow from operations increased 26% year-over-year to $209.8 million

    Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer and marketer of a broad portfolio of pool and outdoor living technology, today announced financial results for the second quarter ended June 29, 2024 of its fiscal year 2024. Comparisons are to financial results for the prior-year second fiscal quarter.

    CEO COMMENTS

    "I am pleased to report second quarter results consistent with expectations," said Kevin Holleran, Hayward's President and Chief Executive Officer. "We delivered record gross margins and increased cash flow through ongoing operational execution and working capital management. This performance enabled us to further strengthen the balance sheet and fund our growth initiatives. During the quarter, we reduced net leverage meaningfully while completing a voluntary early debt repayment and strategic acquisition of ChlorKing, a leader in commercial pool water sanitization. ChlorKing's innovative technologies and strong customer relationships expand our product offering and improve access to a broader set of customers in this growing market. The economic and interest rate environment remains uncertain, and we are seeing progressively leaner channel inventory positions. However, our team continues to execute at a high level, strengthening Hayward's leadership position in the pool industry."

    SECOND QUARTER FISCAL 2024 CONSOLIDATED RESULTS

    Net sales increased modestly to $284.4 million for the second quarter of fiscal 2024. The modest increase in net sales during the quarter was the result of increases in net price, partially offset by a decline in volume. The decrease in volume resulted from market declines in the Middle East and Asia and lower new construction and remodels in the U.S., partially offset by growth in Europe and Canada.

    Gross profit increased by 6% to $145.1 million for the second quarter of fiscal 2024. Gross profit margin increased 290 basis points to 51.0%. The increase in gross profit margin was primarily due to operational efficiencies in our manufacturing facilities and net price increases.

    Selling, general, and administrative expense ("SG&A") increased by 9% to $63.2 million for the second quarter of fiscal 2024. The increase in SG&A was driven by increased warranty, incentive compensation and selling expenses. As a percentage of net sales, SG&A increased 180 basis points to 22.2%, compared to the prior-year period of 20.4%, driven by the factors discussed above. Research, development, and engineering expenses were $6.1 million for the second quarter of fiscal 2024, or 2% of net sales, as compared to $6.9 million for the prior-year period, or 2% of net sales.

    Operating income increased by 8% to $68.0 million for the second quarter of fiscal 2024, due to the aggregated effects of the items described above. Operating income as a percentage of net sales ("operating margin") was 23.9% for the second quarter of fiscal 2024, a 170 basis point increase from the 22.2% operating margin in the prior-year period.

    Interest expense, net, decreased by 12% to $16.8 million for the second quarter of fiscal 2024 primarily due to the repayment of the Incremental Term Loan B principal balance in April 2024 and higher interest income on cash investment balances. Additionally, due to the Company's voluntary early debt repayment during the quarter, the Company incurred a $4.9 million debt extinguishment loss.

    Income tax expense for the second quarter of fiscal 2024 was $9.4 million, for an effective tax rate of 19.9%, compared to income tax expense of $13.8 million, for an effective tax rate of 31.9%, for the prior-year period. The change in the effective tax rate was primarily due to the change to the Company's permanent reinvestment assertion for one jurisdiction during the prior-year period and a tax benefit from a return-to-provision adjustment in the second quarter of fiscal 2024.

    Net income increased by 28% to $37.6 million for the second quarter of fiscal 2024.

    Adjusted EBITDA* increased to $82.6 million for the second quarter of fiscal 2024 from $79.5 million in the prior-year period. Adjusted EBITDA margin* expanded 100 basis points to 29.0%.

    Diluted EPS increased by 31% to $0.17 for the second quarter of fiscal 2024. Adjusted diluted EPS* increased by 11% to $0.21 for the second quarter of fiscal 2024.

    SECOND QUARTER FISCAL 2024 SEGMENT RESULTS

    North America

    Net sales increased by 2% to $241.1 million for the second quarter of fiscal 2024. The increase was primarily driven by net price improvement and volume growth in Canada, partially offset by a modest decline in volume in the U.S. due to lower new construction and remodels.

    Segment income increased by 6% to $75.3 million for the second quarter of fiscal 2024. Adjusted segment income* increased by 6% to $81.3 million.

    Europe & Rest of World

    Net sales decreased by 6% to $43.3 million for the second quarter of fiscal 2024. The decline was primarily due to a decline in volume, partially offset by the favorable impact of net price. The decline in volume is driven primarily by market declines in the Middle East and Asia, partially offset by growth in Europe.

    Segment income decreased by 12% to $8.3 million for the second quarter of fiscal 2024. Adjusted segment income* decreased by 11% to $8.6 million.

    BALANCE SHEET AND CASH FLOW

    As of June 29, 2024, Hayward had cash and cash equivalents of $215.1 million and approximately $232.6 million available for future borrowings under its revolving credit facilities. Cash flow provided by operations for the six months ended June 29, 2024 of $209.8 million was an increase of $43.3 million from the prior-year period. The increase in cash provided was primarily driven by greater cash generated by working capital compared to the prior-year period and due to an increase in net income.

    OUTLOOK

    Hayward is narrowing its full-year 2024 guidance, reflecting better than expected margins offset by a more challenging demand environment, particularly in new construction and remodels and certain international markets. For fiscal year 2024, Hayward now expects net sales of $1.010 billion to $1.040 billion, or an increase of approximately 2% to 5% from fiscal year 2023, including a contribution from the ChlorKing acquisition of approximately 1%, compared to our prior guidance of $1.010 billion to $1.060 billion. We now expect Adjusted EBITDA* of $255 million to $270 million, or an increase of approximately 3% to 9% from fiscal year 2023, compared to our prior guidance of $255 million to $275 million.

    The pool industry remains attractive and benefits from sustainable secular demand trends in outdoor living. Hayward continues to leverage our competitive advantages and drive increasing adoption of our leading SmartPad™ pool equipment products both in new construction and the aftermarket, which has historically represented approximately 80% of net sales. Hayward is confident in its long-term outlook for profitable growth and robust cash flow generation, driven by its technology leadership, operational excellence, strong brand and installed base, and multi-channel capabilities.

    Please see the Forward-Looking Statements section of this release for a discussion of certain risks relevant to Hayward's outlook.

    CONFERENCE CALL INFORMATION

    Hayward will hold a conference call to discuss the results today, July 30, 2024 at 9:00 a.m. (ET).

    Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relations section of the company's website prior to the conference call.

    The conference call can also be accessed by dialing (877) 423-9813 or (201) 689-8573.

    For those unable to listen to the live conference call, a replay will be available approximately two hours after the call through the archived webcast on the Hayward website or by dialing (844) 512-2921 or (412) 317-6671. The access code for the replay is 13747810. The replay will be available until 11:59 p.m. Eastern Time on August 13, 2024.

    ABOUT HAYWARD HOLDINGS, INC.

    Hayward Holdings, Inc. (NYSE:HAYW) is a leading global designer and manufacturer of pool and outdoor living technology. With a mission to deliver exceptional products, outstanding service and innovative solutions to transform the experience of water, Hayward offers a full line of energy-efficient and sustainable residential and commercial pool equipment including pumps, heaters, sanitizers, filters, LED lighting, water features, and cleaners all digitally connected through Hayward's intuitive IoT-enabled SmartPad™.

    SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains certain statements that are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (the "Act") and releases issued by the Securities and Exchange Commission (the "SEC"). Such forward-looking statements relating to Hayward are based on the beliefs of Hayward's management as well as assumptions made by, and information currently available to it. These forward-looking statements include, but are not limited to, statements about Hayward's strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements contained in or incorporated by reference in this earnings release that are not historical facts. When used in this document, words such as "guidance," "outlook," "may," "will," "should," "could," "intend," "potential," "continue," "anticipate," "believe," "estimate," "expect," "plan," "target," "predict," "project," "seek" and similar expressions as they relate to Hayward are intended to identify forward-looking statements. Hayward believes that it is important to communicate its future expectations to its stockholders, and it therefore makes forward-looking statements in reliance upon the safe harbor provisions of the Act. However, there may be events in the future that Hayward is not able to accurately predict or control, and actual results may differ materially from the expectations it describes in its forward-looking statements.

    Examples of forward-looking statements include, among others, statements Hayward makes regarding: Hayward's 2024 guidance; business plans and objectives; general economic and industry trends; business prospects; future product development and acquisition strategies; future channel stocking levels; and growth and expansion opportunities. The forward-looking statements in this earnings release are only predictions. Hayward may not achieve the plans, intentions or expectations disclosed in Hayward's forward-looking statements, and you should not place significant reliance on its forward-looking statements. Hayward has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Moreover, neither Hayward nor any other person assumes responsibility for the accuracy and completeness of forward-looking statements taken from third-party industry and market reports.

    Important factors that could affect Hayward's future results and could cause those results or other outcomes to differ materially from those indicated in its forward-looking statements include the following: its relationships with and the performance of distributors, builders, buying groups, retailers and servicers who sell Hayward's products to pool owners; impacts on Hayward's business from the sensitivity of its business to seasonality and unfavorable economic business and weather conditions; competition from national and global companies, as well as lower-cost manufacturers; Hayward's ability to develop, manufacture and effectively and profitably market and sell its new planned and future products; its ability to execute on its growth strategies and expansion opportunities; Hayward's exposure to credit risk on its accounts receivable, impacts on Hayward's business from political, regulatory, economic, trade, and other risks associated with operating foreign businesses, including risks associated with geopolitical conflict; its ability to maintain favorable relationships with suppliers and manage disruptions to its global supply chain and the availability of raw materials; Hayward's ability to identify emerging technological and other trends in its target end markets; failure of markets to accept new product introductions and enhancements; the ability to successfully identify, finance, complete and integrate acquisitions; its reliance on information technology systems and susceptibility to threats to those systems, including cybersecurity threats, and risks arising from its collection and use of personal information data; regulatory changes and developments affecting Hayward's current and future products; volatility in currency exchange rates and interest rates; Hayward's ability to service its existing indebtedness and obtain additional capital to finance operations and its growth opportunities; Hayward's ability to establish, maintain and effectively enforce intellectual property protection for its products, as well as its ability to operate its business without infringing, misappropriating or otherwise violating the intellectual property rights of others; the impact of material cost and other inflation; Hayward's ability to attract and retain senior management and other qualified personnel; the impact of changes in laws, regulations and administrative policy, including those that limit U.S. tax benefits, impact trade agreements and tariffs, or address the impacts of climate change; the outcome of litigation and governmental proceedings; impacts on Hayward's product manufacturing disruptions, including as a result of catastrophic and other events beyond its control; uncertainties related to distribution channel inventory practices and the impact on net sales volumes; Hayward's ability to realize cost savings from restructuring activities; Hayward's and its customers' ability to manage product inventory in an effective and efficient manner; and other factors set forth in Hayward's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

    Many of these factors are macroeconomic in nature and are, therefore, beyond Hayward's control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, Hayward's actual results, performance or achievements may vary materially from those described in this earnings release as anticipated, believed, estimated, expected, intended, planned or projected. The forward-looking statements included in this earnings release are made only as of the date of this earnings release. Unless required by United States federal securities laws, Hayward neither intends nor assumes any obligation to update these forward-looking statements for any reason after the date of this earnings release to conform these statements to actual results or to changes in Hayward's expectations.

    *NON-GAAP FINANCIAL MEASURES

    This earnings release includes certain financial measures not presented in accordance with the generally accepted accounting principles in the United States ("GAAP") including adjusted net income, adjusted basic EPS, adjusted diluted EPS, EBITDA, adjusted EBITDA, adjusted EBITDA margin, total segment income, adjusted total segment income, adjusted total segment income margin, adjusted segment income and adjusted segment income margin. These financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company's financial results. Hayward believes these non-GAAP measures provide analysts, investors and other interested parties with additional insight into the underlying trends of its business and assist these parties in analyzing the Company's performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance, which allows for a better comparison against historical results and expectations for future performance. Management uses these non-GAAP measures to understand and compare operating results across reporting periods for various purposes including internal budgeting and forecasting, short and long-term operating planning, employee incentive compensation, and debt compliance. Therefore, these measures should not be considered in isolation or as an alternative to net income, segment income or other measures of profitability, performance or financial condition under GAAP. You should be aware that the Company's presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. See the appendix for a reconciliation of historical non-GAAP measures to the most directly comparable GAAP measures.

    Reconciliation of full fiscal year 2024 adjusted EBITDA outlook to the comparable GAAP measure is not being provided, as Hayward does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation. Adjusted EBITDA outlook for full year 2024 is calculated in a manner consistent with the historical presentation of this measure in the appendix.

    Hayward Holdings, Inc.

    Unaudited Condensed Consolidated Balance Sheets

    (In thousands)

       

     

     

    June 29, 2024

     

    December 31, 2023

    Assets

     

     

     

     

    Current assets

     

     

     

     

    Cash and cash equivalents

     

    $

    215,056

     

     

    $

    178,097

     

    Short-term investments

     

     

    —

     

     

     

    25,000

     

    Accounts receivable, net of allowances of $2,993 and $2,870, respectively

     

     

    148,233

     

     

     

    270,875

     

    Inventories, net

     

     

    213,559

     

     

     

    215,180

     

    Prepaid expenses

     

     

    15,789

     

     

     

    14,331

     

    Income tax receivable

     

     

    —

     

     

     

    9,994

     

    Other current assets

     

     

    17,579

     

     

     

    11,264

     

    Total current assets

     

     

    610,216

     

     

     

    724,741

     

    Property, plant, and equipment, net of accumulated depreciation of $103,894 and $95,917, respectively

     

     

    160,657

     

     

     

    158,979

     

    Goodwill

     

     

    951,879

     

     

     

    935,013

     

    Trademark

     

     

    736,000

     

     

     

    736,000

     

    Customer relationships, net

     

     

    218,252

     

     

     

    206,308

     

    Other intangibles, net

     

     

    95,656

     

     

     

    94,082

     

    Other non-current assets

     

     

    90,011

     

     

     

    91,161

     

    Total assets

     

    $

    2,862,671

     

     

    $

    2,946,284

     

     

     

     

     

     

    Liabilities and Stockholders' Equity

     

     

     

     

    Current liabilities

     

     

     

     

    Current portion of long-term debt

     

    $

    14,261

     

     

    $

    15,088

     

    Accounts payable

     

     

    69,392

     

     

     

    68,943

     

    Accrued expenses and other liabilities

     

     

    148,813

     

     

     

    155,543

     

    Income taxes payable

     

     

    2,974

     

     

     

    109

     

    Total current liabilities

     

     

    235,440

     

     

     

    239,683

     

    Long-term debt, net

     

     

    959,840

     

     

     

    1,079,280

     

    Deferred tax liabilities, net

     

     

    242,608

     

     

     

    248,967

     

    Other non-current liabilities

     

     

    67,385

     

     

     

    66,896

     

    Total liabilities

     

     

    1,505,273

     

     

     

    1,634,826

     

     

     

     

     

     

    Stockholders' equity

     

     

     

     

    Preferred stock, $0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of June 29, 2024 and December 31, 2023

     

     

    —

     

     

     

    —

     

    Common stock $0.001 par value, 750,000,000 authorized; 243,738,167 issued and 215,071,798 outstanding at June 29, 2024; 242,832,045 issued and 214,165,676 outstanding at December 31, 2023

     

     

    244

     

     

     

    243

     

    Additional paid-in capital

     

     

    1,086,680

     

     

     

    1,080,894

     

    Common stock in treasury; 28,666,369 and 28,666,369 at June 29, 2024 and December 31, 2023, respectively

     

     

    (358,110

    )

     

     

    (357,755

    )

    Retained earnings

     

     

    628,330

     

     

     

    580,909

     

    Accumulated other comprehensive income

     

     

    254

     

     

     

    7,167

     

    Total stockholders' equity

     

     

    1,357,398

     

     

     

    1,311,458

     

    Total liabilities, redeemable stock, and stockholders' equity

     

    $

    2,862,671

     

     

    $

    2,946,284

     

    Hayward Holdings, Inc.

    Unaudited Condensed Consolidated Statements of Operations

    (Dollars in thousands, except per share data)

       

     

     

    Three Months Ended

     

    Six Months Ended

     

     

    June 29, 2024

     

    July 1, 2023

     

    June 29, 2024

     

    July 1, 2023

    Net sales

     

    $

    284,393

     

     

    $

    283,543

     

    $

    496,962

     

     

    $

    493,679

     

    Cost of sales

     

     

    139,306

     

     

     

    147,033

     

     

    247,296

     

     

     

    259,278

     

    Gross profit

     

     

    145,087

     

     

     

    136,510

     

     

    249,666

     

     

     

    234,401

     

    Selling, general and administrative expense

     

     

    63,155

     

     

     

    57,716

     

     

    123,169

     

     

     

    112,603

     

    Research, development and engineering expense

     

     

    6,119

     

     

     

    6,873

     

     

    12,421

     

     

     

    12,850

     

    Acquisition and restructuring related expense

     

     

    839

     

     

     

    1,309

     

     

    1,343

     

     

     

    2,872

     

    Amortization of intangible assets

     

     

    6,949

     

     

     

    7,637

     

     

    13,849

     

     

     

    15,254

     

    Operating income

     

     

    68,025

     

     

     

    62,975

     

     

    98,884

     

     

     

    90,822

     

    Interest expense, net

     

     

    16,799

     

     

     

    19,130

     

     

    35,391

     

     

     

    38,491

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

    —

     

     

    4,926

     

     

     

    —

     

    Other (income) expense, net

     

     

    (646

    )

     

     

    625

     

     

    (1,284

    )

     

     

    (134

    )

    Total other expense

     

     

    21,079

     

     

     

    19,755

     

     

    39,033

     

     

     

    38,357

     

    Income from operations before income taxes

     

     

    46,946

     

     

     

    43,220

     

     

    59,851

     

     

     

    52,465

     

    Provision for income taxes

     

     

    9,365

     

     

     

    13,767

     

     

    12,430

     

     

     

    14,602

     

    Net income

     

    $

    37,581

     

     

    $

    29,453

     

    $

    47,421

     

     

    $

    37,863

     

     

     

     

     

     

     

     

     

     

    Earnings per share

     

     

     

     

     

     

     

     

    Basic

     

    $

    0.17

     

     

    $

    0.14

     

    $

    0.22

     

     

    $

    0.18

     

    Diluted

     

    $

    0.17

     

     

    $

    0.13

     

    $

    0.21

     

     

    $

    0.17

     

     

     

     

     

     

     

     

     

     

    Weighted average common shares outstanding

     

     

     

     

     

     

     

     

    Basic

     

     

    214,915,338

     

     

     

    212,861,564

     

     

    214,637,930

     

     

     

    212,692,393

     

    Diluted

     

     

    221,259,232

     

     

     

    220,503,544

     

     

    221,159,419

     

     

     

    220,506,921

     

    Hayward Holdings, Inc.

    Unaudited Condensed Consolidated Statements of Cash Flows

    (In thousands)

     

    Six Months Ended

     

    June 29, 2024

     

    July 1, 2023

    Cash flows from operating activities

     

     

     

     

    Net income

     

    $

    47,421

     

     

    $

    37,863

     

    Adjustments to reconcile net income to net cash provided by operating activities

     

     

     

     

    Depreciation

     

     

    9,067

     

     

     

    8,590

     

    Amortization of intangible assets

     

     

    17,046

     

     

     

    18,543

     

    Amortization of deferred debt issuance fees

     

     

    2,294

     

     

     

    2,242

     

    Stock-based compensation

     

     

    4,632

     

     

     

    4,146

     

    Deferred income taxes

     

     

    (6,631

    )

     

     

    (1,673

    )

    Allowance for bad debts

     

     

    81

     

     

     

    (879

    )

    Loss on debt extinguishment

     

     

    4,926

     

     

     

    —

     

    (Gain) loss on sale of property, plant and equipment

     

     

    (504

    )

     

     

    137

     

    Changes in operating assets and liabilities

     

     

     

     

    Accounts receivable

     

     

    124,537

     

     

     

    63,801

     

    Inventories

     

     

    6,384

     

     

     

    50,234

     

    Other current and non-current assets

     

     

    7,803

     

     

     

    15,225

     

    Accounts payable

     

     

    (562

    )

     

     

    (427

    )

    Accrued expenses and other liabilities

     

     

    (6,655

    )

     

     

    (31,286

    )

    Net cash provided by operating activities

     

     

    209,839

     

     

     

    166,516

     

     

     

     

     

     

    Cash flows from investing activities

     

     

     

     

    Purchases of property, plant, and equipment

     

     

    (10,706

    )

     

     

    (15,703

    )

    Acquisitions, net of cash acquired

     

     

    (62,367

    )

     

     

    —

     

    Proceeds from sale of property, plant, and equipment

     

     

    48

     

     

     

    5

     

    Proceeds from short-term investments

     

     

    25,000

     

     

     

    —

     

    Net cash used in investing activities

     

     

    (48,025

    )

     

     

    (15,698

    )

     

     

     

     

     

    Cash flows from financing activities

     

     

     

     

    Proceeds from revolving credit facility

     

     

    —

     

     

     

    144,100

     

    Payments on revolving credit facility

     

     

    —

     

     

     

    (144,100

    )

    Proceeds from issuance of long-term debt

     

     

    2,856

     

     

     

    1,827

     

    Payments of long-term debt

     

     

    (129,401

    )

     

     

    (6,153

    )

    Proceeds from issuance of short-term notes payable

     

     

    6,340

     

     

     

    5,347

     

    Payments of short-term notes payable

     

     

    (2,888

    )

     

     

    (3,542

    )

    Other, net

     

     

    (514

    )

     

     

    (360

    )

    Net cash used in financing activities

     

     

    (123,607

    )

     

     

    (2,881

    )

     

     

     

     

     

    Effect of exchange rate changes on cash and cash equivalents

     

     

    (1,248

    )

     

     

    888

     

    Change in cash and cash equivalents

     

     

    36,959

     

     

     

    148,825

     

    Cash and cash equivalents, beginning of period

     

     

    178,097

     

     

     

    56,177

     

    Cash and cash equivalents, end of period

     

    $

    215,056

     

     

    $

    205,002

     

     

     

     

     

     

    Supplemental disclosures of cash flow information

     

     

     

     

    Cash paid-interest

     

    $

    36,601

     

     

    $

    37,223

     

    Cash paid-income taxes

     

     

    6,221

     

     

     

    6,779

     

    Equipment financed under finance leases

     

     

    630

     

     

     

    —

     

    Reconciliations

    Consolidated Reconciliations

    Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (Non-GAAP)

    Following is a reconciliation from net income to adjusted EBITDA:

       

    (Dollars in thousands)

     

    Three Months Ended

     

    Six Months Ended

     

     

    June 29, 2024

     

    July 1, 2023

     

    June 29, 2024

     

    July 1, 2023

    Net income

     

    $

    37,581

     

     

    $

    29,453

     

     

    $

    47,421

     

     

    $

    37,863

     

    Depreciation

     

     

    4,757

     

     

     

    4,228

     

     

     

    9,067

     

     

     

    8,590

     

    Amortization

     

     

    8,503

     

     

     

    9,289

     

     

     

    17,046

     

     

     

    18,543

     

    Interest expense

     

     

    16,799

     

     

     

    19,130

     

     

     

    35,391

     

     

     

    38,491

     

    Income taxes

     

     

    9,365

     

     

     

    13,767

     

     

     

    12,430

     

     

     

    14,602

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

    —

     

     

     

    4,926

     

     

     

    —

     

    EBITDA

     

     

    81,931

     

     

     

    75,867

     

     

     

    126,281

     

     

     

    118,089

     

    Stock-based compensation (a)

     

     

    230

     

     

     

    375

     

     

     

    420

     

     

     

    732

     

    Currency exchange items (b)

     

     

    (180

    )

     

     

    1,205

     

     

     

    (126

    )

     

     

    1,131

     

    Acquisition and restructuring related expense, net (c)

     

     

    839

     

     

     

    1,309

     

     

     

    1,343

     

     

     

    2,872

     

    Other (d)

     

     

    (206

    )

     

     

    722

     

     

     

    (263

    )

     

     

    1,583

     

    Total Adjustments

     

     

    683

     

     

     

    3,611

     

     

     

    1,374

     

     

     

    6,318

     

    Adjusted EBITDA

     

    $

    82,614

     

     

    $

    79,478

     

     

    $

    127,655

     

     

    $

    124,407

     

    Adjusted EBITDA margin

     

     

    29.0

    %

     

     

    28.0

    %

     

     

    25.7

    %

     

     

    25.2

    %

    (a)

     

    Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of Hayward's initial public offering (the "IPO").

    (b)

     

    Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

    (c)

     

    Adjustments in the three months ended June 29, 2024 are primarily driven by $0.6 million of transaction costs associated with the acquisition of ChlorKing HoldCo, LLC and related entities ("ChlorKing") and $0.3 million of separation and other costs associated with the centralization of operations in Europe. Adjustments in the three months ended July 1, 2023 are primarily driven by $0.5 million of separation costs associated with the enterprise cost-reduction program initiated in 2022, $0.5 million of integration costs from prior acquisitions and $0.3 million of costs associated with the relocation of the corporate headquarters.

     

    Adjustments in the six months ended June 29, 2024 are primarily driven by $0.7 million of separation and other costs associated with the centralization of operations in Europe and $0.6 million of transaction costs associated with the acquisition of ChlorKing. Adjustments in the six months ended July 1, 2023 are primarily driven by $1.3 million of separation costs associated with the enterprise cost-reduction program initiated in 2022, $0.8 million of integration costs from prior acquisitions and $0.6 million of costs associated with the relocation of the corporate headquarters.

    (d)

     

    Adjustments in the three months ended June 29, 2024 are primarily driven by $0.5 million of gains on the sale of assets, partially offset by $0.2 million of costs incurred related to litigation. Adjustments in the three months ended July 1, 2023 primarily include $0.3 million of costs incurred related to the selling stockholder offering of shares in May 2023, which are reported in SG&A in the unaudited condensed consolidated statement of operations, and other miscellaneous items the Company believes are not representative of its ongoing business operations.

     

    Adjustments in the six months ended June 29, 2024 are primarily driven by $0.5 million of gains on the sale of assets, partially offset by $0.3 million of costs incurred related to litigation. Adjustments in the six months ended July 1, 2023 primarily includes $0.6 million of costs associated with follow-on equity offerings, $0.4 million of transitional expenses incurred to enable go-forward public company regulatory compliance and other miscellaneous items the Company believes are not representative of its ongoing business operations.

    Following is a reconciliation from net income to adjusted EBITDA for the last twelve months:

    (Dollars in thousands)

     

    Last Twelve

    Months(e)

     

    Fiscal Year

     

     

    June 29, 2024

     

    December 31, 2023

    Net income

     

    $

    90,245

     

     

    $

    80,687

     

    Depreciation

     

     

    16,460

     

     

     

    15,983

     

    Amortization

     

     

    35,582

     

     

     

    37,079

     

    Interest expense

     

     

    70,484

     

     

     

    73,584

     

    Income taxes

     

     

    18,228

     

     

     

    20,400

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

    —

     

    EBITDA

     

     

    235,925

     

     

     

    227,733

     

    Stock-based compensation (a)

     

     

    958

     

     

     

    1,270

     

    Currency exchange items (b)

     

     

    (471

    )

     

     

    786

     

    Acquisition and restructuring related expense, net (c)

     

     

    11,684

     

     

     

    13,213

     

    Other (d)

     

     

    2,425

     

     

     

    4,271

     

    Total Adjustments

     

     

    14,596

     

     

     

    19,540

     

    Adjusted EBITDA

     

    $

    250,521

     

     

    $

    247,273

     

    Adjusted EBITDA margin

     

     

    25.2

    %

     

     

    24.9

    %

    (a)

     

    Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of the IPO.

    (b)

     

    Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

    (c)

     

    Adjustments in the last twelve months ended June 29, 2024 include $6.7 million of costs related to the discontinuation of a product line leading to an impairment of the associated fixed assets, inventory and intangible assets, $3.0 million related to programs to centralize and consolidate operations and professional services in Europe, $1.5 million of costs associated with the relocation of the corporate headquarters and $0.6 million of transaction costs associated with the acquisition of ChlorKing.

     

    Adjustments in the year ended December 31, 2023 primarily include $6.7 million of costs related to the discontinuation of a product line leading to an impairment of the associated fixed assets, inventory and intangible assets, $2.4 million related to programs to centralize and consolidate operations and professional services in Europe, $1.9 million of costs associated with the relocation of the corporate headquarters, $1.2 million separation costs associated with the 2022 cost reduction program and $0.8 million of costs associated with integration costs from prior acquisitions.

    (d)

     

    Adjustments in the last twelve months ended June 29, 2024 primarily include $1.3 million of costs related to inventory and fixed assets as part of the centralization of operations in Europe, $0.8 million of costs associated with follow-on equity offerings and $0.3 million of costs incurred related to litigation.

     

    Adjustments in the year ended December 31, 2023 primarily include $1.8 million related to inventory and fixed asset write-offs in Europe and $1.5 million of costs incurred related to the selling stockholder offerings of shares in March, May and August 2023, which are reported in SG&A in our consolidated statements of operations.

    (e)

     

    Items for the last twelve months ended June 29, 2024 are calculated by adding the items for the six months ended June 29, 2024 plus fiscal year ended December 31, 2023 and subtracting the items for the six months ended July 1, 2023.

    Adjusted Net Income and Adjusted EPS Reconciliation (Non-GAAP)

    Following is a reconciliation of net income to adjusted net income and earnings per share to adjusted earnings per share:

    (Dollars in thousands)

     

    Three Months Ended

     

    Six Months Ended

     

     

    June 29, 2024

     

    July 1, 2023

     

    June 29, 2024

     

    July 1, 2023

    Net income

     

    $

    37,581

     

     

    $

    29,453

     

     

    $

    47,421

     

     

    $

    37,863

     

    Tax adjustments (a)

     

     

    (1,624

    )

     

     

    3,046

     

     

     

    (1,771

    )

     

     

    1,498

     

    Other adjustments and amortization:

     

     

     

     

     

     

     

     

    Stock-based compensation (b)

     

     

    230

     

     

     

    375

     

     

     

    420

     

     

     

    732

     

    Currency exchange items (c)

     

     

    (180

    )

     

     

    1,205

     

     

     

    (126

    )

     

     

    1,131

     

    Acquisition and restructuring related expense, net (d)

     

     

    839

     

     

     

    1,309

     

     

     

    1,343

     

     

     

    2,872

     

    Other (e)

     

     

    (206

    )

     

     

    722

     

     

     

    (263

    )

     

     

    1,583

     

    Total other adjustments

     

     

    683

     

     

     

    3,611

     

     

     

    1,374

     

     

     

    6,318

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

    —

     

     

     

    4,926

     

     

     

    —

     

    Amortization

     

     

    8,503

     

     

     

    9,289

     

     

     

    17,046

     

     

     

    18,543

     

    Tax effect (f)

     

     

    (3,304

    )

     

     

    (3,200

    )

     

     

    (5,539

    )

     

     

    (6,284

    )

    Adjusted net income

     

    $

    46,765

     

     

    $

    42,199

     

     

    $

    63,457

     

     

    $

    57,938

     

     

     

     

     

     

     

     

     

     

    Weighted average number of common shares outstanding, basic

     

     

    214,915,338

     

     

     

    212,861,564

     

     

     

    214,637,930

     

     

     

    212,692,393

     

    Weighted average number of common shares outstanding, diluted

     

     

    221,259,232

     

     

     

    220,503,544

     

     

     

    221,159,419

     

     

     

    220,506,921

     

     

     

     

     

     

     

     

     

     

    Basic EPS

     

    $

    0.17

     

     

    $

    0.14

     

     

    $

    0.22

     

     

    $

    0.18

     

    Diluted EPS

     

    $

    0.17

     

     

    $

    0.13

     

     

    $

    0.21

     

     

    $

    0.17

     

     

     

     

     

     

     

     

     

     

    Adjusted basic EPS

     

    $

    0.22

     

     

    $

    0.20

     

     

    $

    0.30

     

     

    $

    0.27

     

    Adjusted diluted EPS

     

    $

    0.21

     

     

    $

    0.19

     

     

    $

    0.29

     

     

    $

    0.26

     

    (a)

     

    Tax adjustments for the three and six months ended June 29, 2024 reflect a normalized tax rate of 23.4% and 23.7%, respectively, compared to the Company's effective tax rate of 19.9% and 20.8%, respectively. The Company's effective tax rate for the three months ended June 29, 2024 includes the tax benefits resulting from stock compensation and the six months ended June 29, 2024 additionally include a tax benefit resulting from a return-to-provision adjustment. Tax adjustments for the three and six months ended July 1, 2023 reflect a normalized tax rate of 24.8% and 25.0%, respectively, compared to the Company's effective tax rate of 31.9% and 27.8%, respectively. The Company's effective tax rate for the three and six months ended July 1, 2023 includes the impact of a discrete tax expense related to a change in the indefinite reinvestment assertion for one jurisdiction, partially offset by a tax benefit resulting from the exercise of stock options.

    (b)

     

    Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of the IPO.

    (c)

     

    Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

    (d)

     

    Adjustments in the three months ended June 29, 2024 are primarily driven by $0.6 million of transaction costs associated with the acquisition of ChlorKing HoldCo, LLC and related entities ("ChlorKing") and $0.3 million of separation and other costs associated with the centralization of operations in Europe. Adjustments in the three months ended July 1, 2023 are primarily driven by $0.5 million of separation costs associated with the enterprise cost-reduction program initiated in 2022, $0.5 million of integration costs from prior acquisitions and $0.3 million of costs associated with the relocation of the corporate headquarters.

     

    Adjustments in the six months ended June 29, 2024 are primarily driven by $0.7 million of separation and other costs associated with the centralization of operations in Europe and $0.6 million of transaction costs associated with the acquisition of ChlorKing. Adjustments in the six months ended July 1, 2023 are primarily driven by $1.3 million of separation costs associated with the enterprise cost-reduction program initiated in 2022, $0.8 million of integration costs from prior acquisitions and $0.6 million of costs associated with the relocation of the corporate headquarters.

    (e)

     

    Adjustments in the three months ended June 29, 2024 are primarily driven by $0.5 million of gains on the sale of assets, partially offset by $0.2 million of costs incurred related to litigation. Adjustments in the three months ended July 1, 2023 primarily include $0.3 million of costs incurred related to the selling stockholder offering of shares in May 2023, which are reported in SG&A in the unaudited condensed consolidated statement of operations, and other miscellaneous items the Company believes are not representative of its ongoing business operations.

     

    Adjustments in the six months ended June 29, 2024 are primarily driven by $0.5 million of gains on the sale of assets, partially offset by $0.3 million of costs incurred related to litigation. Adjustments in the six months ended July 1, 2023 primarily includes $0.6 million of costs associated with follow-on equity offerings, $0.4 million of transitional expenses incurred to enable go-forward public company regulatory compliance and other miscellaneous items the Company believes are not representative of its ongoing business operations.

    (f)

     

    The tax effect represents the immediately preceding adjustments at the normalized tax rates as discussed in footnote (a) above.

    Segment Reconciliations

    Following is a reconciliation from segment income to adjusted segment income for the North America ("NAM") and Europe & Rest of World ("E&RW") segments:

    (Dollars in thousands)

     

    Three Months Ended

     

    Three Months Ended

     

     

    June 29, 2024

     

    July 1, 2023

     

     

    Total

     

    NAM

     

    E&RW

     

    Total

     

    NAM

     

    E&RW

    Net sales

     

    $

    284,393

     

     

    $

    241,113

     

     

    $

    43,280

     

     

    $

    283,543

     

     

    $

    237,352

     

     

    $

    46,191

     

    Gross profit

     

    $

    145,087

     

     

    $

    127,430

     

     

    $

    17,657

     

     

    $

    136,510

     

     

    $

    118,442

     

     

    $

    18,068

     

    Gross profit margin %

     

     

    51.0

    %

     

     

    52.9

    %

     

     

    40.8

    %

     

     

    48.1

    %

     

     

    49.9

    %

     

     

    39.1

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

    Income from operations before income taxes

     

    $

    46,946

     

     

     

     

     

     

    $

    43,220

     

     

     

     

     

    Expenses not allocated to segments

     

     

     

     

     

     

     

     

     

     

     

     

    Corporate expense, net

     

     

    7,811

     

     

     

     

     

     

     

    8,425

     

     

     

     

     

    Acquisition and restructuring related expense

     

     

    839

     

     

     

     

     

     

     

    1,309

     

     

     

     

     

    Amortization of intangible assets

     

     

    6,949

     

     

     

     

     

     

     

    7,637

     

     

     

     

     

    Interest expense, net

     

     

    16,799

     

     

     

     

     

     

     

    19,130

     

     

     

     

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

     

     

     

     

    —

     

     

     

     

     

    Other (income) expense, net

     

     

    (646

    )

     

     

     

     

     

     

    625

     

     

     

     

     

    Segment income

     

    $

    83,624

     

     

    $

    75,335

     

     

    $

    8,289

     

     

    $

    80,346

     

     

    $

    70,962

     

     

    $

    9,384

     

    Segment income margin %

     

     

    29.4

    %

     

     

    31.2

    %

     

     

    19.2

    %

     

     

    28.3

    %

     

     

    29.9

    %

     

     

    20.3

    %

    Depreciation

     

    $

    4,591

     

     

    $

    4,328

     

     

    $

    263

     

     

    $

    4,068

     

     

    $

    3,837

     

     

    $

    231

     

    Amortization

     

     

    1,554

     

     

     

    1,554

     

     

     

    —

     

     

     

    1,651

     

     

     

    1,651

     

     

     

    —

     

    Stock-based compensation

     

     

    57

     

     

     

    57

     

     

     

    —

     

     

     

    192

     

     

     

    180

     

     

     

    12

     

    Other (a)

     

     

    —

     

     

     

    —

     

     

     

    —

     

     

     

    290

     

     

     

    290

     

     

     

    —

     

    Total adjustments

     

     

    6,202

     

     

     

    5,939

     

     

     

    263

     

     

     

    6,201

     

     

     

    5,958

     

     

     

    243

     

    Adjusted segment income

     

    $

    89,826

     

     

    $

    81,274

     

     

    $

    8,552

     

     

    $

    86,547

     

     

    $

    76,920

     

     

    $

    9,627

     

    Adjusted segment income margin %

     

     

    31.6

    %

     

     

    33.7

    %

     

     

    19.8

    %

     

     

    30.5

    %

     

     

    32.4

    %

     

     

    20.8

    %

    (a)

     

    The three months ended July 1, 2023 includes miscellaneous items the Company believes are not representative of its ongoing business operations.

     

     

     

     

     

     

     

     

     

     

     

     

     

    (Dollars in thousands)

     

    Six Months Ended

     

    Six Months Ended

     

     

    June 29, 2024

     

    July 1, 2023

     

     

    Total

     

    NAM

     

    E&RW

     

    Total

     

    NAM

     

    E&RW

    Net sales

     

    $

    496,962

     

     

    $

    414,542

     

     

    $

    82,420

     

     

    $

    493,679

     

     

    $

    400,056

     

     

    $

    93,623

     

    Gross profit

     

    $

    249,666

     

     

    $

    217,307

     

     

    $

    32,359

     

     

    $

    234,401

     

     

    $

    197,455

     

     

    $

    36,946

     

    Gross profit margin %

     

     

    50.2

    %

     

     

    52.4

    %

     

     

    39.3

    %

     

     

    47.5

    %

     

     

    49.4

    %

     

     

    39.5

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

    Income from operations before income taxes

     

    $

    59,851

     

     

     

     

     

     

    $

    52,465

     

     

     

     

     

    Expenses not allocated to segments

     

     

     

     

     

     

     

     

     

     

     

     

    Corporate expense, net

     

     

    15,326

     

     

     

     

     

     

     

    14,524

     

     

     

     

     

    Acquisition and restructuring related expense

     

     

    1,343

     

     

     

     

     

     

     

    2,872

     

     

     

     

     

    Amortization of intangible assets

     

     

    13,849

     

     

     

     

     

     

     

    15,254

     

     

     

     

     

    Interest expense, net

     

     

    35,391

     

     

     

     

     

     

     

    38,491

     

     

     

     

     

    Loss on debt extinguishment

     

     

    4,926

     

     

     

     

     

     

     

    —

     

     

     

     

     

    Other (income) expense, net

     

     

    (1,284

    )

     

     

     

     

     

     

    (134

    )

     

     

     

     

    Segment income

     

    $

    129,402

     

     

    $

    115,077

     

     

    $

    14,325

     

     

    $

    123,472

     

     

    $

    104,238

     

     

    $

    19,234

     

    Segment income margin %

     

     

    26.0

    %

     

     

    27.8

    %

     

     

    17.4

    %

     

     

    25.0

    %

     

     

    26.1

    %

     

     

    20.5

    %

    Depreciation

     

    $

    8,735

     

     

    $

    8,215

     

     

    $

    520

     

     

    $

    8,373

     

     

    $

    7,925

     

     

    $

    448

     

    Amortization

     

     

    3,197

     

     

     

    3,197

     

     

     

    —

     

     

     

    3,288

     

     

     

    3,288

     

     

     

    —

     

    Stock-based compensation

     

     

    79

     

     

     

    69

     

     

     

    10

     

     

     

    365

     

     

     

    342

     

     

     

    23

     

    Other (a)

     

     

    19

     

     

     

    19

     

     

     

    —

     

     

     

    388

     

     

     

    388

     

     

     

    —

     

    Total adjustments

     

     

    12,030

     

     

     

    11,500

     

     

     

    530

     

     

     

    12,414

     

     

     

    11,943

     

     

     

    471

     

    Adjusted segment income

     

    $

    141,432

     

     

    $

    126,577

     

     

    $

    14,855

     

     

    $

    135,886

     

     

    $

    116,181

     

     

    $

    19,705

     

    Adjusted segment income margin %

     

     

    28.5

    %

     

     

    30.5

    %

     

     

    18.0

    %

     

     

    27.5

    %

     

     

    29.0

    %

     

     

    21.0

    %

    (a)

     

    The six months ended June 29, 2024 represents losses on the sale of assets. The six months ended July 1, 2023 includes miscellaneous items the Company believes are not representative of its ongoing business operations.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240730598272/en/

    Get the next $HAYW alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $HAYW

    DatePrice TargetRatingAnalyst
    4/3/2025Outperform → Peer Perform
    Wolfe Research
    2/5/2025$16.50Hold → Buy
    Stifel
    1/6/2025Overweight → Sector Weight
    KeyBanc Capital Markets
    1/11/2024$15.00 → $14.00Buy → Hold
    Jefferies
    12/20/2023$13.00 → $13.50Buy → Hold
    Stifel
    8/3/2023$14.00 → $16.50Hold → Buy
    Stifel
    2/6/2023$11.00 → $13.00Buy → Hold
    Stifel
    1/4/2023$9.50 → $15.00Hold → Buy
    Jefferies
    More analyst ratings

    $HAYW
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Felice Stephen J was granted 2,226 shares, increasing direct ownership by 0.69% to 325,436 units (SEC Form 4)

      4 - Hayward Holdings, Inc. (0001834622) (Issuer)

      5/6/25 4:55:01 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Director Soucy Arthur L was granted 1,514 shares, increasing direct ownership by 5% to 34,643 units (SEC Form 4)

      4 - Hayward Holdings, Inc. (0001834622) (Issuer)

      5/6/25 4:54:06 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Director Keating Ronald C was granted 3,296 shares, increasing direct ownership by 11% to 33,296 units (SEC Form 4)

      4 - Hayward Holdings, Inc. (0001834622) (Issuer)

      5/6/25 4:53:27 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials

    $HAYW
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Hayward Holdings Reports First Quarter Fiscal Year 2025 Financial Results and Confirms 2025 Guidance

      FIRST QUARTER FISCAL 2025 SUMMARY Net Sales increased 8% year-over-year to $228.8 million Net Income increased 46% year-over-year to $14.3 million Adjusted EBITDA* increased 9% year-over-year to $49.1 million Diluted EPS increased 50% year-over-year to $0.06 Adjusted diluted EPS* increased 25% year-over-year to $0.10 Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer and marketer of a broad portfolio of pool and outdoor living technology, today announced financial results for the first quarter ended March 29, 2025 of its fiscal year 2025. Comparisons are to financial results for the prior-year first fiscal quarter. CEO COMMENTS

      5/1/25 7:01:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings Announces First Quarter 2025 Earnings Release and Conference Call Date

      Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its first quarter 2025 earnings results on Thursday, May 1, 2025. Following the earnings release, the company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relations

      4/15/25 9:00:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Appoints Water Industry Powerhouse Ron Keating to Board of Directors

      Hayward Holdings, Inc. (NYSE:HAYW) Board of Directors appointed Ron Keating to serve as its newest independent director, effective immediately. The Hayward Board now comprises 10 directors, nine of whom are independent. "The appointment of Ron Keating to our Board lends direct global operational and financial expertise to Hayward, along with critical expertise in the water industry," said Kevin Holleran, Hayward President, CEO and Director. "Ron's distinguished career and reputation as a decisive leader brings strategic and practical judgement as we continue to execute our growth strategies and deliver value to shareholders." Keating currently serves as president, chief executive officer

      3/20/25 4:30:00 PM ET
      $HAYW
      $XYL
      Industrial Machinery/Components
      Industrials
      Fluid Controls

    $HAYW
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $HAYW
    Financials

    Live finance-specific insights

    See more

    $HAYW
    SEC Filings

    See more

    $HAYW
    Leadership Updates

    Live Leadership Updates

    See more
    • Hayward Holdings downgraded by Wolfe Research

      Wolfe Research downgraded Hayward Holdings from Outperform to Peer Perform

      4/3/25 8:16:18 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings upgraded by Stifel with a new price target

      Stifel upgraded Hayward Holdings from Hold to Buy and set a new price target of $16.50

      2/5/25 7:57:31 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings downgraded by KeyBanc Capital Markets

      KeyBanc Capital Markets downgraded Hayward Holdings from Overweight to Sector Weight

      1/6/25 8:10:11 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings Announces First Quarter 2025 Earnings Release and Conference Call Date

      Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its first quarter 2025 earnings results on Thursday, May 1, 2025. Following the earnings release, the company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relations

      4/15/25 9:00:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Date

      Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its fourth quarter and full year 2024 earnings results on Thursday, February 27, 2025. Following the earnings release, the company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to

      2/3/25 4:15:00 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings Announces Third Quarter 2024 Earnings Release and Conference Call Date

      Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its third quarter 2024 earnings results on Tuesday, October 29, 2024. Following the earnings release, the company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relat

      10/10/24 8:30:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • SEC Form 10-Q filed by Hayward Holdings Inc.

      10-Q - Hayward Holdings, Inc. (0001834622) (Filer)

      5/1/25 7:05:50 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Hayward Holdings, Inc. (0001834622) (Filer)

      5/1/25 7:04:47 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • SEC Form DEFA14A filed by Hayward Holdings Inc.

      DEFA14A - Hayward Holdings, Inc. (0001834622) (Filer)

      4/4/25 8:01:45 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Appoints Water Industry Powerhouse Ron Keating to Board of Directors

      Hayward Holdings, Inc. (NYSE:HAYW) Board of Directors appointed Ron Keating to serve as its newest independent director, effective immediately. The Hayward Board now comprises 10 directors, nine of whom are independent. "The appointment of Ron Keating to our Board lends direct global operational and financial expertise to Hayward, along with critical expertise in the water industry," said Kevin Holleran, Hayward President, CEO and Director. "Ron's distinguished career and reputation as a decisive leader brings strategic and practical judgement as we continue to execute our growth strategies and deliver value to shareholders." Keating currently serves as president, chief executive officer

      3/20/25 4:30:00 PM ET
      $HAYW
      $XYL
      Industrial Machinery/Components
      Industrials
      Fluid Controls
    • Hayward Appoints Billy Emory as Vice President of Customer Experience and Steve Pearce as Vice President of Commercial Pools

      Emory most recently served as Vice President, Chief Accounting Officer for Hayward Pearce was previously the co-founder, president and CEO of ChlorKing, a business Hayward acquired in June 2024 Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool equipment and outdoor living technology, announced today that Billy Emory will serve in the role of Vice President of Customer Experience. The company also appointed Steve Pearce as the Vice President of Commercial Pools. "I am excited to be among the first to welcome Billy and Steve to their new roles with Hayward," said John Collins, Senior Vice President

      7/9/24 9:00:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Hayward Introduces New Leadership Team Members

      Ray Lewis, Kevin Gallagher, and Darío Vicario Ramírez Bring Extensive Experience to Key Roles, Reinforcing Hayward's Commitment to Excellence in Pool and Outdoor Living Technology Hayward Holdings, Inc. (NYSE:HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool equipment and outdoor living technology, proudly announces the appointment of three accomplished leaders to key positions within the organization, marking an exciting new chapter in the company's journey. Ray Lewis assumes the open position of Senior Vice President and Chief Human Resources Officer, leveraging nearly three decades of human resources expertise to steer Hayw

      5/22/24 9:00:00 AM ET
      $HAYW
      Industrial Machinery/Components
      Industrials

    $HAYW
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Hayward Holdings Inc.

      SC 13G/A - Hayward Holdings, Inc. (0001834622) (Subject)

      11/22/24 4:06:52 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Amendment: SEC Form SC 13G/A filed by Hayward Holdings Inc.

      SC 13G/A - Hayward Holdings, Inc. (0001834622) (Subject)

      11/14/24 8:12:55 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials
    • Amendment: SEC Form SC 13G/A filed by Hayward Holdings Inc.

      SC 13G/A - Hayward Holdings, Inc. (0001834622) (Subject)

      11/14/24 4:17:05 PM ET
      $HAYW
      Industrial Machinery/Components
      Industrials