Hayward Holdings, Inc. - HAYW STOCK NEWS

Hayward Holdings, Inc. announced preliminary estimated unaudited consolidated financial results for the fiscal year ended December 31, 2021. The results indicate a range for net sales, net income, and adjusted EBITDA. However, these estimates are based on incomplete closing procedures and are subject to significant changes. The company cautions against placing undue reliance on these preliminary figures, as final results will depend on management's review and audit completion.

Hayward Holdings, Inc. (NYSE:HAYW) announces the appointment of Derek Spearman as the Vice President of US Manufacturing. Spearman, with extensive experience in operations leadership and Lean Manufacturing, will oversee all plant and planning operations at Hayward's US facilities. Previously with the Timken Company, he managed operations and budgets exceeding $100 million. His role is seen as vital for enhancing operational capacity and quality. Hayward continues to focus on energy-efficient pool technology and innovative manufacturing strategies.

Hayward Holdings, Inc. (NYSE: HAYW) has acquired Water Works Technologies Group, LLC, enhancing its portfolio of pool equipment and IoT technologies. This acquisition follows recent purchases of SmartPower and SmartValve, collectively advancing Hayward's position in smart technology for pools and spas. Water Works specializes in high-end water features with LED lighting, integrating seamlessly into Hayward's OmniLogic ecosystem. The new offerings aim to provide cost-efficient, energy-saving solutions while enhancing outdoor living experiences.

Hayward Holdings, Inc. (NYSE: HAYW) has authorized a new stock repurchase program for up to $450 million of its common stock over the next three years. Funded through cash on hand and operational cash flow, this initiative reflects the company’s strong financial position post-IPO. The repurchase aims to enhance shareholder value, with management expressing confidence in future growth. The actual execution of the buyback will depend on market conditions and is discretionary.

Hayward Holdings, Inc. (NYSE: HAYW) has announced an exclusive agreement with Plungie to supply pool equipment for all future North American installations of their monolithic concrete pools. This partnership features Hayward’s advanced pumps, Omni automation platform, and AquaRite S3 salt chlorinators, promising cost savings and convenience for consumers. Plungie's expansion in North America is supported by a new ISO-accredited facility in Dallas. This collaboration is expected to enhance market growth for both companies, aligning with their goals of eco-friendly pool solutions.

Hayward Holdings, Inc. (NYSE: HAYW) has been recognized with top honors for its TriStar family of pumps at the 2021 Integrated Home Competition by the Consortium for Energy Efficiency (CEE). The VS Omni 900 and VS Omni 950 models were acknowledged for their advanced control and energy efficiency, scoring a record-breaking 12.9 on the Department of Energy’s Weighted Energy Factor scale. Hayward’s variable-speed pumps have saved 1.1 billion kilowatt-hours of energy since 2018 and also received the ENERGY STAR® Award for Excellence in Product Design in April 2021.

Hayward Holdings, Inc. (NYSE: HAYW) announced its platinum-level sponsorship of the Step Into Swim initiative, aiming to create one million more swimmers by providing swimming lessons to children in underprivileged communities. This partnership includes financial contributions and employee involvement in community events, enhancing Hayward's commitment to pool safety and community engagement. According to the U.S. Consumer Product Safety Commission, drowning is the leading cause of accidental death in young children, emphasizing the importance of this initiative for public safety.

Hayward Holdings, Inc. (NYSE: HAYW) announced its participation in two upcoming investor conferences. The first is at Baird’s Global Industrial Conference on November 10, 2023, featuring a fireside chat with CEO Kevin Holleran at 1:25 p.m. ET. The second event is the Wolfe Research Industrial Growth & Technology Conference on November 15, 2023, with a fireside chat at 9:00 a.m. ET, also featuring Holleran. Investors can access the Wolfe conference live via webcast on Hayward’s investor relations website: investor.hayward.com.