Welcome to our dedicated page for HAWY news (Ticker: HAWY), a resource for investors and traders seeking the latest updates and insights on HAWY stock.
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Hayward Holdings reported exceptional first-quarter results for fiscal 2021, with net sales soaring by 96% to $334.4 million. This surge was fueled by robust demand for residential pool equipment, leading to an operating income increase of 533% to $79.8 million. The gross profit also rose, marking a 112% increase to $159.9 million and a gross margin expansion to 47.8%. Hayward projects 40% to 45% net sales growth for the full year and an Adjusted EBITDA of $360 million to $390 million, reflecting strong market demand.
