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) announced that funds affiliated with CCMP Capital Advisors and Alberta Investment Management Corporation intend to offer 16,000,000 shares of common stock through an automatic shelf registration with the SEC. The underwriters will have a 30-day option to purchase up to an additional 2,400,000 shares. All net proceeds will go to the Selling Stockholders, as no shares are being sold by Hayward. Goldman Sachs & Co. LLC is the underwriter for this offering. Investors are advised to review the prospectus related to this offering for more detailed information.
Hayward Holdings reported a 27% decline in net sales for Q4 FY2022, totaling $259 million, attributed to lower volumes and macroeconomic uncertainties. Net income fell 75% to $16 million, while adjusted EBITDA dropped 50% to $53.3 million. Despite a 6% decrease in full-year sales at $1.314 billion, GAAP diluted EPS rose 59% to $0.78. The company initiated cost reduction measures aimed at saving $25-$30 million in 2023. Looking ahead, Hayward expects Q1 2023 net sales to decrease by 18% to 22% and adjusted EBITDA to be $265-$285 million.
Hayward Holdings, Inc. (NYSE: HAYW) will announce its fourth quarter and full year 2022 earnings on February 28, 2023, at 9:00 a.m. Eastern Time. The earnings report will be followed by a conference call to discuss the results. Interested parties can register for the call via the company's official link, and a replay will be available approximately two hours afterwards and until 11:59 p.m. Eastern Time on March 14, 2023. Hayward specializes in pool and outdoor living technology, providing a range of energy-efficient and sustainable solutions for residential and commercial needs.
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.
Summary not available.
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.