Hayward Hldgs Inc Stock Price, News & Analysis

Hayward Holdings has launched the AquaRite S3 Salt Chlorination System, enhancing control in saltwater pool management. This system integrates with the top-rated Omni automation platform, allowing users to manage pools remotely through a mobile app or voice-enabled devices. It accommodates a wide range of salt concentrations and utilizes TurboCell® technology for easy inspection. The launch addresses ongoing chlorine shortages, offering a more sustainable and cost-effective sanitization solution, appealing to environmentally conscious consumers.

Hayward Holdings reported significant financial growth for Q4 and the full fiscal year 2021. Q4 net sales surged 35% to $352.4 million, while net income jumped 222% to $63.7 million. For the full year, net sales reached a record $1.4 billion, up 60%, and net income increased 370% to $203.7 million. The company announced a $450 million stock repurchase program and expects 2022 net sales growth of 9% to 12%, with Adjusted EBITDA ranging from $460 million to $475 million. Hayward's debt has been significantly reduced, enhancing its financial stability.

Hayward Holdings, Inc. (NYSE: HAYW) will report its Q4 and full year 2021 earnings on March 2, 2022, followed by a conference call at 9:00 a.m. Eastern Time. Investors can register for the call through the provided link, and a replay will be available shortly after. Hayward is recognized for its innovation in pool equipment and automation, focusing on energy-efficient and sustainable solutions. This earnings announcement is critical for investors to gauge the company's financial health and strategic direction.

Hayward Holdings, Inc. (NYSE: HAYW) is set to participate in the 2022 Pool and Spa Show in Atlantic City, showcasing new technologies aimed at enhancing the pool owner experience while reducing resource consumption. During the event, Hayward will highlight its award-winning products, including the TriStar™ VS Omni Pumps, recognized for energy efficiency. Recently, the company expanded its portfolio through strategic acquisitions, enhancing its SmartPad™ system. The event runs from January 25 to 27, 2022, with representatives available to discuss their leading products.

Hayward Holdings, Inc. announced preliminary estimated unaudited consolidated financial results for the fiscal year ended December 31, 2021. The results indicate a range for net sales, net income, and adjusted EBITDA. However, these estimates are based on incomplete closing procedures and are subject to significant changes. The company cautions against placing undue reliance on these preliminary figures, as final results will depend on management's review and audit completion.

Hayward Holdings, Inc. (NYSE:HAYW) announces the appointment of Derek Spearman as the Vice President of US Manufacturing. Spearman, with extensive experience in operations leadership and Lean Manufacturing, will oversee all plant and planning operations at Hayward's US facilities. Previously with the Timken Company, he managed operations and budgets exceeding $100 million. His role is seen as vital for enhancing operational capacity and quality. Hayward continues to focus on energy-efficient pool technology and innovative manufacturing strategies.

Hayward Holdings, Inc. (NYSE: HAYW) has acquired Water Works Technologies Group, LLC, enhancing its portfolio of pool equipment and IoT technologies. This acquisition follows recent purchases of SmartPower and SmartValve, collectively advancing Hayward's position in smart technology for pools and spas. Water Works specializes in high-end water features with LED lighting, integrating seamlessly into Hayward's OmniLogic ecosystem. The new offerings aim to provide cost-efficient, energy-saving solutions while enhancing outdoor living experiences.

Hayward Holdings, Inc. (NYSE: HAYW) has authorized a new stock repurchase program for up to $450 million of its common stock over the next three years. Funded through cash on hand and operational cash flow, this initiative reflects the company’s strong financial position post-IPO. The repurchase aims to enhance shareholder value, with management expressing confidence in future growth. The actual execution of the buyback will depend on market conditions and is discretionary.