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 (NYSE: HAYW) has announced its partnership with Savant Systems to integrate its OmniLogic control platform with Savant Home smart systems. This collaboration allows users to manage their pools, spas, and connected devices via Savant control devices, enhancing home automation capabilities. OmniLogic, a cloud-based platform, supports operations through various smart devices, offering features like temperature control and lighting management. This integration is positioned to deliver a more intuitive and powerful automation experience for homeowners.
Hayward Holdings (NYSE: HAYW) announced the acquisition of the specialty lighting business of Halco Lighting Technologies.
This acquisition enhances Hayward's product offerings in the pool, spa, and landscape lighting markets, including brands like ColorSplash® and Sollos®.
CEO Kevin Holleran emphasized that this move integrates with their OmniLogic® automation technology, boosting customer control over outdoor spaces.
Hayward aims to leverage this acquisition for further growth and innovation in outdoor living solutions.
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%.