Hayward Holdings, Inc. - HAYW STOCK NEWS

Hayward reported a strong first quarter for fiscal 2022, achieving net sales of $410.5 million, a 23% increase year-over-year. Net income surged 101% to $74.0 million, with adjusted EBITDA rising 18% to $126.2 million despite inflationary pressures. The company reaffirmed its full-year guidance, projecting 9% to 12% growth in net sales and adjusted EBITDA between $460 million and $475 million. North America saw a 28% increase in net sales, while Europe’s growth was modest at 2%.

Hayward Holdings (NYSE:HAYW) announced that its OmniLogic® platform will integrate with URC Total Control® home automation systems, enhancing user management of connected pools and spas. OmniLogic, a cloud-based automation solution, supports voice commands via Alexa and Google Assistant, further promoting Hayward's SmartPad™ technology. This new functionality allows control of up to four bodies of water simultaneously, offering extensive personalization options and easy installation. This collaboration aims to simplify pool management, benefiting consumers by streamlining operations through a unified interface.

Hayward Holdings, Inc. (NYSE: HAYW) will release its first quarter 2022 earnings results on April 28, 2022, at 9:00 a.m. Eastern Time. A conference call will follow to discuss these results, with registration available online. Investors can also access a webcast via the company's Investor Relations website. A replay of the call will be available shortly after its conclusion. Hayward continues to focus on innovative, energy-efficient pool equipment as part of its SmartPad™ conversion strategy, enhancing the outdoor living experience.

Hayward Holdings, Inc. (NYSE: HAYW) announces the retirement of Don Smith, Senior VP and Chief Supply Chain Officer, after over 15 years with the company. Smith significantly contributed to Hayward's global operational expansion, including the establishment of a manufacturing facility in Wuxi, China, and the transition of operations from Pomona, CA, to Clemmons, NC. Under his leadership, Hayward increased global production capacity by 75% during the pandemic.

Hayward Holdings has launched the AquaRite S3 Salt Chlorination System, enhancing control in saltwater pool management. This system integrates with the top-rated Omni automation platform, allowing users to manage pools remotely through a mobile app or voice-enabled devices. It accommodates a wide range of salt concentrations and utilizes TurboCell® technology for easy inspection. The launch addresses ongoing chlorine shortages, offering a more sustainable and cost-effective sanitization solution, appealing to environmentally conscious consumers.

Hayward Holdings reported significant financial growth for Q4 and the full fiscal year 2021. Q4 net sales surged 35% to $352.4 million, while net income jumped 222% to $63.7 million. For the full year, net sales reached a record $1.4 billion, up 60%, and net income increased 370% to $203.7 million. The company announced a $450 million stock repurchase program and expects 2022 net sales growth of 9% to 12%, with Adjusted EBITDA ranging from $460 million to $475 million. Hayward's debt has been significantly reduced, enhancing its financial stability.

Hayward Holdings, Inc. (NYSE: HAYW) will report its Q4 and full year 2021 earnings on March 2, 2022, followed by a conference call at 9:00 a.m. Eastern Time. Investors can register for the call through the provided link, and a replay will be available shortly after. Hayward is recognized for its innovation in pool equipment and automation, focusing on energy-efficient and sustainable solutions. This earnings announcement is critical for investors to gauge the company's financial health and strategic direction.