Welcome to our dedicated page for Hayward Hldgs news (Ticker: HAYW), a resource for investors and traders seeking the latest updates and insights on Hayward Hldgs 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) announced its participation in several investor conferences. Key events include the Wolfe Research Global Transportation & Industrials Conference on May 26, 2022, at 9:10 a.m. ET (virtual), and the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 1, 2022, in Boston. Additionally, the William Blair 42nd Annual Growth Stock Conference is set for June 9, 2022, at 12:40 p.m. CT in Chicago. Participants include CEO Kevin Holleran and CFO Eifion Jones. Live webcasts and presentations will be available on Hayward's investor relations webpage.
Hayward Holdings, Inc. (NYSE: HAYW) has appointed John Collins as Senior Vice President and Chief Supply Chain Officer, effective May 16, 2022. This appointment coincides with the retirement of Don Smith. Collins will manage all supply chain activities globally, focusing on operational effectiveness and continuous improvement. He brings over 20 years of experience from Textron Inc., where he held various positions in supply chain management. Collins will report to Kevin Holleran, CEO, and will work from the new headquarters in Charlotte, N.C.
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Hayward Holdings, Inc. (NYSE: HAYW) has opened a new corporate headquarters in Charlotte, North Carolina, marking a significant expansion in the region. The headquarters, located in the Vantage South End building, houses approximately 90 employees, with plans to hire more across the Charlotte metropolitan area. This move follows Hayward's long-standing presence in North Carolina, highlighted by its manufacturing facility in Clemmons. The company aims to enhance local community ties, promote energy-efficient pool technology, and support the Step Into Swim initiative for swimming education.
Hayward Holdings, Inc. (NYSE: HAYW) announced its participation in the Goldman Sachs Industrials and Materials Conference on May 10, 2022, in New York City. Eifion Jones, CFO, and Stuart Baker, VP of Business Development, will present at 1:50 p.m. ET. A live audio webcast will be available on Hayward’s investor relations website. Hayward is a leading provider of pool equipment, focusing on energy-efficient and sustainable solutions.
Hayward Holdings, Inc. (NYSE: HAYW) has priced a secondary offering of 24 million shares at $14.50 per share, with plans for selling shareholders to have a 30-day option for 3.6 million more shares. The company intends to repurchase 8 million shares from the underwriters, funding this with cash on hand and credit facility borrowings. The offering is expected to close on May 5, 2022, pending customary conditions. Proceeds will go to selling shareholders, with no shares sold by the company itself, highlighting strategic capital management.
Hayward Holdings, Inc. (NYSE: HAYW) announced a public offering of 22.5 million shares led by Selling Stockholders, including CCMP Capital Advisors and Alberta Investment Management Corporation. The proceeds from the sale will go to the Selling Stockholders only, with no shares sold by Hayward. The company plans to repurchase 7.5 million shares from underwriters using cash and borrowed funds. The offering's completion is contingent on market conditions, and there are no guarantees regarding the timing or execution.
Hayward reported a strong first quarter for fiscal 2022, achieving net sales of $410.5 million, a 23% increase year-over-year. Net income surged 101% to $74.0 million, with adjusted EBITDA rising 18% to $126.2 million despite inflationary pressures. The company reaffirmed its full-year guidance, projecting 9% to 12% growth in net sales and adjusted EBITDA between $460 million and $475 million. North America saw a 28% increase in net sales, while Europe’s growth was modest at 2%.
Hayward Holdings (NYSE:HAYW) announced that its OmniLogic® platform will integrate with URC Total Control® home automation systems, enhancing user management of connected pools and spas. OmniLogic, a cloud-based automation solution, supports voice commands via Alexa and Google Assistant, further promoting Hayward's SmartPad™ technology. This new functionality allows control of up to four bodies of water simultaneously, offering extensive personalization options and easy installation. This collaboration aims to simplify pool management, benefiting consumers by streamlining operations through a unified interface.
Hayward Holdings, Inc. (NYSE: HAYW) will release its first quarter 2022 earnings results on April 28, 2022, at 9:00 a.m. Eastern Time. A conference call will follow to discuss these results, with registration available online. Investors can also access a webcast via the company's Investor Relations website. A replay of the call will be available shortly after its conclusion. Hayward continues to focus on innovative, energy-efficient pool equipment as part of its SmartPad™ conversion strategy, enhancing the outdoor living experience.