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Hayward Holdings, Inc. (HAYW) is a global leader in the manufacture and marketing of residential and commercial pool and spa equipment, as well as industrial flow control products. Based in Elizabeth, NJ, Hayward designs and produces a comprehensive line of energy-efficient pool and spa equipment. Their offerings include pumps, filters, heaters, cleaners, salt chlorinators, automation systems, lighting, and safety products.
The company has built a reputation over its 80-year history for innovation, energy efficiency, safety, and reliability. Hayward prides itself on listening to customer needs and incorporating feedback into the design and manufacturing process.
The Hayward Pool Products division is recognized as the largest manufacturer of residential swimming pool equipment worldwide, with a growing footprint in the commercial pool market. The company’s advanced pool and spa equipment aim to enhance the pool ownership experience, offering cutting-edge technology to its users.
Headquartered now in Charlotte, North Carolina, Hayward Holdings employs around 2,000 full-time employees and generated approximately $1.0 billion in revenue in 2023.
Recent achievements include the launch of several new products designed to improve energy efficiency and streamline pool maintenance, further cementing Hayward’s position as a leader in the industry.
For the latest updates, company performance, and stock news on Hayward Holdings, Inc., stay tuned to StockTitan.
Hayward Holdings reported a 27% decline in net sales for Q4 FY2022, totaling $259 million, attributed to lower volumes and macroeconomic uncertainties. Net income fell 75% to $16 million, while adjusted EBITDA dropped 50% to $53.3 million. Despite a 6% decrease in full-year sales at $1.314 billion, GAAP diluted EPS rose 59% to $0.78. The company initiated cost reduction measures aimed at saving $25-$30 million in 2023. Looking ahead, Hayward expects Q1 2023 net sales to decrease by 18% to 22% and adjusted EBITDA to be $265-$285 million.
Hayward Holdings, Inc. (NYSE: HAYW) will announce its fourth quarter and full year 2022 earnings on February 28, 2023, at 9:00 a.m. Eastern Time. The earnings report will be followed by a conference call to discuss the results. Interested parties can register for the call via the company's official link, and a replay will be available approximately two hours afterwards and until 11:59 p.m. Eastern Time on March 14, 2023. Hayward specializes in pool and outdoor living technology, providing a range of energy-efficient and sustainable solutions for residential and commercial needs.
Hayward Holdings, Inc. (NYSE: HAYW) will showcase its innovative pool and outdoor living technology at the 2023 Pool and Spa Show in Atlantic City, N.J., from January 24-26, 2023. The Company will highlight its range of products, including ENERGY STAR certified pumps and IoT-enabled SmartPad™ systems, designed to improve efficiency and user experience. Hayward has made significant strides in connected technologies with recent additions to its portfolio, enhancing customer convenience in pool management. Representatives will be available at Booth #2819 to discuss these industry-leading products and solutions.
Hayward Holdings, Inc. (NYSE: HAYW) announced that its subsidiary, Hayward Industries, Inc., secured $125 million in an Incremental Term Loan B. The loan will help repay borrowings, boost cash reserves, and cover related expenses. It carries a floating interest rate and matures in May 2028. CFO Eifion Jones expressed that this financing enhances liquidity and financial flexibility to support growth initiatives. The loan's closing is expected later this month, contingent on customary conditions.
Hayward Holdings, Inc. (NYSE: HAYW) has announced its participation in the Baird Global Industrial Conference on November 8, 2022, in Chicago, Illinois. Management will present at 9:05 a.m. CT (10:05 a.m. ET). A live webcast of the presentation is available on Hayward's Investor Relations page. Hayward specializes in energy-efficient pool equipment and technology, offering products connected through IoT-enabled solutions to enhance water experiences.
Hayward Holdings, Inc. (HAYW) reported a 30% decrease in net sales to $245.3 million for Q3 2022, along with a 54% drop in net income to $23.1 million. Adjusted EBITDA fell 39% to $60.4 million, and adjusted diluted EPS declined 43% to $0.14. The decline in sales was attributed to channel destocking and macroeconomic uncertainties. Hayward is implementing a cost optimization program targeting $25-$30 million in savings for 2023. The company has revised its full-year sales forecast, now expecting a 6% decrease from the previous year.
Hayward Holdings, Inc. (NYSE: HAYW) will report its third quarter 2022 earnings on November 1, 2022, at 9:00 a.m. Eastern Time. A conference call will follow, accessible via registration at their website. Investors can also listen to a live webcast, which will include an earnings presentation. Those who cannot attend live can access a replay approximately two hours after the call until November 15, 2022. Hayward is recognized for its innovative pool equipment and technology, contributing to a superior outdoor living experience.
Hayward Holdings, Inc. (NYSE: HAYW) announced its participation in the Jefferies Industrials Conference on August 9, 2022, in New York, New York. Management will engage in a fireside chat at 11:30 a.m. ET. Interested investors can access the live webcast via the investor relations section of Hayward’s website. As a leading designer and manufacturer of pool equipment, Hayward focuses on innovative, energy-efficient products and aims to enhance outdoor living experiences.
Hayward Holdings reported strong second quarter fiscal 2022 results, with net sales rising 10% year-over-year to $399.4 million. Sales in North America surged by 17%, while net income increased 25% to $66.3 million. Adjusted EBITDA also saw a 16% uplift, reaching $127.6 million. Despite robust demand in the U.S., Hayward has reduced its full-year guidance due to anticipated channel inventory adjustments and geopolitical impacts in Europe, projecting a decline of 2% to 6% in net sales.
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