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Overview of Hayward Holdings Inc. (HAYW)
Hayward Holdings Inc. is a prominent global manufacturer and marketer of energy-efficient and technologically advanced pool and spa equipment, as well as industrial flow control products. Headquartered in Charlotte, North Carolina, the company serves both residential and commercial markets, offering a comprehensive range of products designed to enhance the ownership experience for pool and spa users. With over 80 years of industry experience, Hayward has established itself as a trusted name in pool equipment innovation, emphasizing energy efficiency, automation, safety, and reliability.
Core Business Areas
Hayward's product portfolio spans a wide array of pool and spa equipment, including:
- Pumps: High-efficiency pumps designed to reduce energy consumption while maintaining optimal water circulation.
- Filters: Advanced filtration systems for maintaining clean and healthy pool water.
- Heaters: Energy-efficient heating solutions for year-round pool use.
- Sanitization Systems: Salt chlorinators and other sanitization technologies for water quality management.
- Lighting: LED lighting systems that combine energy savings with aesthetic appeal.
- Automation: Cutting-edge pool automation systems that integrate with smart home technologies for remote control and monitoring.
- Safety and Flow Control: Products designed to ensure safe and efficient pool operation.
These products cater to a diverse customer base, including individual pool owners, pool builders, contractors, and commercial facility operators such as hotels, resorts, and community centers.
Competitive Position and Market Significance
Hayward Holdings is recognized as one of the largest manufacturers of residential swimming pool equipment globally, with a growing presence in the commercial pool market. The company differentiates itself through its commitment to innovation and energy efficiency, addressing key market trends such as the increasing demand for sustainable solutions and smart home integration. By focusing on customer-centric design and advanced manufacturing processes, Hayward has built a reputation for reliability and performance in the pool and spa industry.
Business Model and Revenue Streams
Hayward generates revenue primarily through the sale of its products via a network of distributors, retailers, and direct channels. The company's business model is supported by its ability to offer a comprehensive suite of products that meet the diverse needs of its customers. Additionally, Hayward's focus on energy-efficient and automated solutions aligns with regulatory trends and consumer preferences, further strengthening its market position.
Industry Context and Challenges
The pool and spa equipment industry is influenced by factors such as seasonality, economic conditions, and evolving customer preferences. Hayward navigates these challenges by investing in research and development to stay ahead of industry trends, such as the growing adoption of IoT-enabled pool automation systems and the increasing emphasis on energy conservation. The company also faces competition from other manufacturers in the space, but its long-standing expertise and focus on innovation provide a competitive edge.
Conclusion
Hayward Holdings Inc. stands out as a key player in the pool and spa equipment market, leveraging its extensive experience and commitment to innovation to deliver high-quality, energy-efficient solutions. With a diverse product portfolio and a strong focus on customer satisfaction, the company continues to enhance the pool ownership experience for both residential and commercial users.
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.
Hayward Holdings reported a strong third quarter for fiscal 2021, with net sales up 56% to $350.6 million and net income soaring 231% to $50.3 million. Adjusted EBITDA rose 61% to $98.3 million, reflecting robust demand in the residential pool equipment market. The company raised its full-year net sales growth outlook to 59%-62%, while reaffirming Adjusted EBITDA guidance of $405-$425 million. Despite ongoing inflation and supply chain challenges, Hayward demonstrated solid financial improvements and a strong market position.
Hayward Holdings, Inc. (NYSE: HAYW) will release its third quarter 2021 earnings results on October 27, 2021, followed by a conference call at 9:00 a.m. Eastern Time. Investors can register for the call in advance via the company's website. A replay of the call will be available approximately two hours after it concludes, lasting until November 3, 2021. Hayward specializes in designing and marketing energy-efficient pool and spa equipment, emphasizing innovation within its broad product portfolio.
Hayward Holdings, Inc. (NYSE: HAYW) has announced the participation of CEO Kevin Holleran, CFO Eifion Jones, and VP Stuart Baker in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15, 2021. They will engage in a fireside chat at 3:00 p.m. ET. Investors can access a live webcast and an investor presentation via Hayward's investor relations page.
Hayward is recognized for its innovative, energy-efficient pool and spa equipment, featuring brands such as AquaVac® and Super Pump®.
Hayward Holdings, Inc. (NYSE: HAYW) announced its participation in the Jefferies 2021 Virtual Industrials Conference on August 4, 2021. Key executives, including President and CEO Kevin Holleran and CFO Eifion Jones, will engage in a fireside chat at 11:00 a.m. ET. Investors can access the live webcast and presentation on the company's investor relations website. Hayward is known for its comprehensive range of innovative and energy-efficient pool equipment and automation systems, featuring popular brands like AquaVac® and TriStar®.
Hayward Holdings (NYSE: HAYW) reported second-quarter fiscal 2021 results, showcasing a 66% increase in net sales to $364.4 million, driven by high demand in residential pool equipment. Gross profit surged by 72% to $168.0 million with a margin increase of 161 basis points to 46%. Net income rose by 182% to $52.8 million, while Adjusted EBITDA expanded by 81% to $110.4 million. The company raised its full-year guidance, expecting net sales growth of 54% to 58% and Adjusted EBITDA of $405M to $425M, reflecting confidence in ongoing demand for its products.
Hayward Holdings, Inc. (NYSE: HAYW) will release its Q2 2021 earnings results on August 2, 2021, followed by a conference call at 9:00 AM ET. Interested parties can register for the call online or listen via the company's Investor Relations webpage. A replay will be available two hours post-call until 11:59 PM ET on August 16, 2021.
Hayward is a global leader in designing and manufacturing pool equipment and automation systems, focused on energy-efficient solutions.
Hayward Holdings, Inc. (NYSE: HAYW) has launched its XE Series of ultra-high efficiency pool pumps, expanding market access with a mid-range pricing strategy. The series introduces seven models, all compliant with new U.S. Department of Energy (DOE) regulations effective July 19, 2021. These pumps exceed DOE efficiency benchmarks and feature dual-voltage capability and six adjustable speeds. A recent survey indicated that 55% of pool owners plan to upgrade their equipment for better energy efficiency, highlighting market potential for Hayward's latest innovation.
Hayward Holdings (NYSE: HAYW) released results from its "Pool Trends" survey, revealing significant concerns among pool owners regarding a chlorine shortage following Hurricane Laura's impact on chlorine production. 76% of respondents use chlorine for sanitization, and 50% are worried about its availability. The preference for alternative sanitization techniques is rising, with 42% planning pool remodels. The survey indicates a shift toward systems like salt chlorine generators, which could reshape the market, given the 25 million pools worldwide.
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