Welcome to our dedicated page for Hayward Holdings news (Ticker: HAYW), a resource for investors and traders seeking the latest updates and insights on Hayward Holdings stock.
Hayward Holdings, Inc. reports developments for a global specialty water management business that designs, manufactures, and markets pool and outdoor living technology, as well as industrial flow control products. News commonly covers quarterly results, guidance updates, segment performance in North America and Europe and Rest of World, and the company’s aftermarket-focused pool equipment model.
Company updates also discuss product innovation across pumps, heaters, sanitizers, filters, LED lighting, water features, cleaners, and the IoT-enabled SmartPad™ platform. Recurring themes include price realization, volume trends, tariff mitigation, operating efficiency, cash flow, balance sheet leverage, and demand drivers tied to the installed base of pools.
Hayward Holdings, Inc. (NYSE: HAYW) will showcase its innovative pool and outdoor living technology at the 2023 Pool and Spa Show in Atlantic City, N.J., from January 24-26, 2023. The Company will highlight its range of products, including ENERGY STAR certified pumps and IoT-enabled SmartPad™ systems, designed to improve efficiency and user experience. Hayward has made significant strides in connected technologies with recent additions to its portfolio, enhancing customer convenience in pool management. Representatives will be available at Booth #2819 to discuss these industry-leading products and solutions.
Hayward Holdings, Inc. (NYSE: HAYW) announced that its subsidiary, Hayward Industries, Inc., secured $125 million in an Incremental Term Loan B. The loan will help repay borrowings, boost cash reserves, and cover related expenses. It carries a floating interest rate and matures in May 2028. CFO Eifion Jones expressed that this financing enhances liquidity and financial flexibility to support growth initiatives. The loan's closing is expected later this month, contingent on customary conditions.
Hayward Holdings, Inc. (NYSE: HAYW) has announced its participation in the Baird Global Industrial Conference on November 8, 2022, in Chicago, Illinois. Management will present at 9:05 a.m. CT (10:05 a.m. ET). A live webcast of the presentation is available on Hayward's Investor Relations page. Hayward specializes in energy-efficient pool equipment and technology, offering products connected through IoT-enabled solutions to enhance water experiences.
Hayward Holdings, Inc. (HAYW) reported a 30% decrease in net sales to $245.3 million for Q3 2022, along with a 54% drop in net income to $23.1 million. Adjusted EBITDA fell 39% to $60.4 million, and adjusted diluted EPS declined 43% to $0.14. The decline in sales was attributed to channel destocking and macroeconomic uncertainties. Hayward is implementing a cost optimization program targeting $25-$30 million in savings for 2023. The company has revised its full-year sales forecast, now expecting a 6% decrease from the previous year.
Hayward Holdings, Inc. (NYSE: HAYW) will report its third quarter 2022 earnings on November 1, 2022, at 9:00 a.m. Eastern Time. A conference call will follow, accessible via registration at their website. Investors can also listen to a live webcast, which will include an earnings presentation. Those who cannot attend live can access a replay approximately two hours after the call until November 15, 2022. Hayward is recognized for its innovative pool equipment and technology, contributing to a superior outdoor living experience.
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Hayward Holdings, Inc. (NYSE: HAYW) announced its participation in the Jefferies Industrials Conference on August 9, 2022, in New York, New York. Management will engage in a fireside chat at 11:30 a.m. ET. Interested investors can access the live webcast via the investor relations section of Hayward’s website. As a leading designer and manufacturer of pool equipment, Hayward focuses on innovative, energy-efficient products and aims to enhance outdoor living experiences.
Hayward Holdings reported strong second quarter fiscal 2022 results, with net sales rising 10% year-over-year to $399.4 million. Sales in North America surged by 17%, while net income increased 25% to $66.3 million. Adjusted EBITDA also saw a 16% uplift, reaching $127.6 million. Despite robust demand in the U.S., Hayward has reduced its full-year guidance due to anticipated channel inventory adjustments and geopolitical impacts in Europe, projecting a decline of 2% to 6% in net sales.
Hayward Holdings has appointed Kevin Maczka as the new Vice President of Investor Relations, bringing over a decade of experience in public company finance. Based in Charlotte, N.C., Maczka will oversee investor relations and advise leadership on shareholder matters. Previously, he held similar roles at Belden and BB&T Capital Markets. Maczka aims to strengthen Hayward's reputation among investors, leveraging his extensive knowledge of equity markets.
Hayward Holdings, Inc. (NYSE: HAYW) will announce its second quarter 2022 earnings on July 28, 2022, at 9:00 a.m. Eastern Time. Following the earnings release, a conference call will take place to discuss the results. Registration for the call is required and can be completed in advance. Additionally, an archived webcast of the call will be available on the company's Investor Relations site shortly after. Hayward specializes in innovative, energy-efficient pool equipment and technology, aiming to enhance outdoor living experiences.