Hayward Hldgs Inc Stock Price, News & Analysis

Hayward Holdings (NYSE: HAYW) has appointed Billy Emory as Vice President of Customer Experience and Steve Pearce as Vice President of Commercial Pools. Emory, previously Hayward's Chief Accounting Officer, will now focus on enhancing customer care strategies in North America. Pearce, who founded ChlorKing, will lead Hayward's Commercial Pool division following the company's acquisition of ChlorKing in June 2024. Hayward's leadership highlights the strategic alignment towards improving customer experience and expanding in the commercial pool market.

Hayward Holdings announced the acquisition of ChlorKing, a U.S. leader in commercial pool saline chlorinators and UV disinfection systems. This acquisition strengthens Hayward's portfolio in sustainable and energy-efficient pool technology for both commercial and residential markets. ChlorKing’s key products include commercial saline chlorinators, NEXGEN on-site chlorine generators, and SENTRY UV disinfection systems. The acquisition aims to enhance Hayward's leadership in water management, extending its market reach and providing innovative solutions for safer and cost-effective pool maintenance. ChlorKing will continue its operations from Atlanta, Georgia.

Hayward Holdings announced the HeatPro Series of Heat+Chill Heat Pumps featuring microchannel heat exchanger technology, a first in the industry. This innovative series offers pool owners the ability to chill, cool, and heat their pools, extending the swimming season. The chill feature allows water to drop to 40°F, making cold plunges accessible. The series includes six models with advanced features like a patent-pending defrost algorithm, robust coil structure, corrosion resistance, reduced weight, fewer braze joints, and a significant reduction in refrigerant usage. The product is backed by a five-year parts warranty and AHRI certification.

Hayward Holdings (NYSE: HAYW) has announced key leadership appointments to bolster its position in pool and outdoor living technology. Ray Lewis joins as Senior VP and Chief Human Resources Officer, bringing nearly 30 years of HR experience from companies like Trane Technologies and GE. Kevin Gallagher steps in as VP and Chief Engineering Officer, bringing three decades of product development expertise, previously serving at Honeywell and DaimlerChrysler. Darío Vicario will be the new VP and GM for Europe & Rest of World, succeeding Fernando Blasco, with prior leadership roles in Azkoyen Group and Thyssenkrupp Elevator. The new leaders are expected to drive innovation and global market expansion.

Hayward Holdings, Inc. (NYSE: HAYW) opened the Hayward Hub DFW in the Dallas-Fort Worth area, focusing on providing training, service support, and a gathering place for customers in a key pool market. The new center will offer classes, events, inventory of parts, and direct feedback opportunities for customers, enhancing the company's presence in the region.

Hayward Holdings, Inc. (NYSE: HAYW) reported strong first quarter fiscal year 2024 financial results, with net sales of $212.6 million, net income of $9.8 million, and Adjusted EBITDA of $45.0 million. The company saw a 1% increase in net sales, driven by volume growth in North America. Operating income increased by 11% to $30.9 million, and net income rose by 17% to $9.8 million. Hayward reaffirmed its full-year 2024 guidance, expecting net sales of $1.010 billion to $1.060 billion and Adjusted EBITDA of $255 million to $275 million.