HAYW
Hayward Holdings, Inc.15.93
-0.04-0.25%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Tariff win, flow control focus
Q&A clarified Hayward's Q4 beat stemmed from robust early buy orders and in-quarter demand, carrying a larger file into Q1 2026 amid healthy channel inventories. Dealers express cautious optimism with no new pool construction rebound expected. Management declared victory on 2025 tariffs, cutting China cost exposure to 3%—incremental $5-6M costs covered in guidance. CapEx steps to $40M for U.S. manufacturing upgrades; ~$50M industrial flow control business gains leadership attention for growth. Tariffs? Managed variable now. Answers reaffirmed aftermarket resilience and cap alloc priorities: organic first, then M&A, opportunistic buybacks. Confident tone; investors eye execution on OmniX upgrades.
Key Stats
Market Cap
3.45BP/E (TTM)
25.69Basic EPS (TTM)
0.62Dividend Yield
0%Recent Filings
8-K
Q4 sales up 7%, strong cash flow
Hayward Holdings reported Q4 net sales up 7% to $349.4M and full-year sales up 7% to $1,122.2M, with net income rising 25% to $68.4M and 28% to $151.6M, respectively. Margins expanded via pricing and efficiencies despite tariffs; operating cash flow surged 21% to $256M. Cash hit $329.6M. Guides 4% sales growth, adjusted diluted EPS $0.82-$0.86 in 2026.
10-K
FY2025 results
Hayward Holdings drove FY2025 net sales to $1.12B, up 6.7% y/y on 5.4% net pricing to counter tariffs/inflation and 1.1% from acquisitions, while NAM surged 7.1% to $959M on pricing yet dipped slightly in volume. Gross margins expanded 170bps to 48.0% via efficiencies and lower warranty costs, lifting operating income 11.7% to $233M (20.8% margin) despite SG&A up 13.7% on comps and investments. Q4 Early Buy shipments fueled E&RW's 4.4% rise to $163M with 230bps margin gains from volume leverage, while NAM held steady. Debt fell to $963M with $125M ABL availability and $330M cash; $450M buyback authorized, 250K shares repurchased. Distributor performance risks quarterly flows.
10-Q
Q3 FY2025 results
Hayward Holdings posted Q3 net sales of $244.3M, up 7.4% y/y from $227.6M, with gross margin expanding to 51.2% from 49.7% on pricing and efficiencies despite tariffs. Operating income climbed 23% y/y to $41.1M; diluted EPS held at $0.11, consistent with 217M basic shares and mild dilution. Cash swelled to $428.7M on $283.0M operating cash flow, less $19.8M capex for $263.2M free cash flow (derived); First Lien Term debt at $960.0M due 2028 with $103.5M ABL availability. ChlorKing integration boosted commercial sales. Securities class action lingers.
8-K
Q3 beat, guidance raised
Hayward Holdings beat Q3 expectations with net sales up 7% to $244.3 million and net income surging 46% to $24.0 million, fueled by pricing power, volume gains, and margin expansion to 51.2%. Adjusted EBITDA climbed 16% to $59.1 million. Cash flow strengthened the balance sheet. It raised full-year guidance to $1.095-$1.110 billion in sales, $292-$297 million Adjusted EBITDA. Strong execution pays off.
10-Q
Q2 FY2025 results
Hayward Holdings posted solid Q2 results, with net sales climbing 5.3% year-over-year to $299.6M, fueled by pricing gains offsetting inflation and tariffs plus the ChlorKing acquisition's 2.1% lift, though volumes dipped 2.5% from order timing. Gross margins expanded 170 basis points to 52.7%, thanks to operational efficiencies, while operating income rose 5.0% to $71.4M and diluted EPS held steady at $0.20 on 221.8M shares. Cash swelled to $365.1M after $188.4M in operating cash flow, minus $13.6M capex for $174.9M free cash flow; debt sits at $962.5M under the First Lien Term Facility due 2028, with full ABL availability. The ChlorKing deal closed June 2024 for $55.2M cash, bolstering commercial offerings. Yet securities litigation lingers as a distraction.
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