Latest news with #HaywardHoldings
Yahoo
3 days ago
- Business
- Yahoo
Hayward Holdings to Participate in the William Blair 45th Annual Growth Stock Conference
CHARLOTTE, N.C., May 30, 2025--(BUSINESS WIRE)--Hayward Holdings, Inc. (NYSE: HAYW) ("Hayward" or the "Company"), a global designer, manufacturer, and marketer of a broad portfolio of pool equipment and outdoor living technology, announced today that it will be participating in the William Blair 45th Annual Growth Stock Conference in Chicago, Illinois, on Thursday, June 5, 2025. Management is scheduled to present on Thursday, June 5, at 10:00 a.m. CT (11:00 a.m. ET). A link to the live webcast of the presentation and additional Company information can be found on the investor relations section of Hayward's website at About Hayward Holdings, Inc. Hayward Holdings, Inc. (NYSE: HAYW) is a leading global designer and manufacturer of pool and outdoor living technology. With a mission to deliver exceptional products, outstanding service and innovative solutions to transform the experience of water, Hayward offers a full line of energy-efficient and sustainable residential and commercial pool equipment including pumps, filters, heaters, cleaners, sanitizers, LED lighting, and water features all digitally connected through Hayward's intuitive IoT-enabled SmartPad™. View source version on Contacts Investor Relations: Kevin Media Relations: Misty Zelentmzelent@ Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
Hayward Holdings to Participate in the William Blair 45 th Annual Growth Stock Conference
CHARLOTTE, N.C.--(BUSINESS WIRE)--Hayward Holdings, Inc. (NYSE: HAYW) ('Hayward' or the 'Company'), a global designer, manufacturer, and marketer of a broad portfolio of pool equipment and outdoor living technology, announced today that it will be participating in the William Blair 45 th Annual Growth Stock Conference in Chicago, Illinois, on Thursday, June 5, 2025. Management is scheduled to present on Thursday, June 5, at 10:00 a.m. CT (11:00 a.m. ET). A link to the live webcast of the presentation and additional Company information can be found on the investor relations section of Hayward's website at About Hayward Holdings, Inc. Hayward Holdings, Inc. (NYSE: HAYW) is a leading global designer and manufacturer of pool and outdoor living technology. With a mission to deliver exceptional products, outstanding service and innovative solutions to transform the experience of water, Hayward offers a full line of energy-efficient and sustainable residential and commercial pool equipment including pumps, filters, heaters, cleaners, sanitizers, LED lighting, and water features all digitally connected through Hayward's intuitive IoT-enabled SmartPad™.
Yahoo
15-05-2025
- Business
- Yahoo
HAYW Q1 Earnings Call: Tariff Mitigation and Aftermarket Strength Drive Outperformance
Pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 7.7% year on year to $228.8 million. The company expects the full year's revenue to be around $1.08 billion, close to analysts' estimates. Its non-GAAP profit of $0.10 per share was 17% above analysts' consensus estimates. Is now the time to buy HAYW? Find out in our full research report (it's free). Revenue: $228.8 million vs analyst estimates of $213.7 million (7.7% year-on-year growth, 7.1% beat) Adjusted EPS: $0.10 vs analyst estimates of $0.09 (17% beat) Adjusted EBITDA: $49.1 million vs analyst estimates of $42.7 million (21.5% margin, 15% beat) The company reconfirmed its revenue guidance for the full year of $1.08 billion at the midpoint EBITDA guidance for the full year is $285 million at the midpoint, in line with analyst expectations Operating Margin: 14.6%, in line with the same quarter last year Free Cash Flow was -$11.37 million compared to -$83.14 million in the same quarter last year Organic Revenue rose 5.9% year on year (1.1% in the same quarter last year) Market Capitalization: $3.13 billion Hayward's first quarter results were shaped by volume and price gains across both its North America and international segments, with management highlighting resilience in the aftermarket business and effective execution on margin expansion initiatives. CEO Kevin Holleran emphasized the 'robust sales growth and profitability,' attributing these results to strong demand in key product categories like pumps, lighting, and automation, as well as continued integration benefits from the ChlorKing acquisition. He also noted that inventory levels are now well aligned with channel demand, following earlier efforts to recalibrate distribution. Looking ahead, management reiterated its full-year outlook, despite ongoing macroeconomic uncertainty and increased tariffs on China-sourced products. Holleran detailed a four-pronged mitigation plan—structural sourcing alternatives, pricing actions, supplier negotiations, and inventory management—to offset the estimated $85 million annualized impact of new tariffs. CFO Eifion Jones added that out-of-cycle price increases and accelerated cost-reduction initiatives are expected to protect margins, while new product introductions like OmniX are positioned to support future growth even as discretionary spending remains pressured. Hayward's management attributed first quarter outperformance to a combination of operational execution, targeted product innovation, and effective tariff mitigation. The company's ability to maintain profitability amid external pressures was a focus of the call. Aftermarket demand resilience: Management reported that over 80% of sales serve the aftermarket, which remains stable as most pool owners see equipment maintenance as non-discretionary. Discretionary categories, such as new pool construction and remodels, showed signs of deferral rather than outright demand loss. OmniX platform launch: The introduction of the OmniX wireless automation platform was described as a breakthrough for automating millions of existing pools. Holleran explained that OmniX 'provides a far more cost-effective, simpler path to automation,' enabling homeowners to add IoT controls one product at a time during natural equipment replacement cycles. Tariff mitigation actions: Facing new 145% tariffs on certain China-sourced products, Hayward accelerated plans to reduce direct China sourcing from 10% to 3% of cost of goods sold by year-end. The strategy includes shifting manufacturing volume to U.S. plants, renegotiating supplier contracts, and implementing broad-based price increases. Channel inventory management: The company worked closely with distributors to limit preorders ahead of price hikes and keep inventory levels appropriate for the season. Management indicated the destocking phase is complete, and inventories are in balance with demand. Margin and cost control focus: Hayward continued to drive margin expansion through SKU rationalization, bill of materials optimization, and automation investments at U.S. facilities. CFO Jones noted sequential margin improvement in international operations and emphasized cost discipline as a key lever for offsetting tariff-related headwinds. Management's outlook for 2025 centers on offsetting tariff pressures through pricing, cost initiatives, and adoption of new technology, while acknowledging ongoing uncertainty in discretionary pool spending. Pricing and cost mitigation: The company expects out-of-cycle price increases and accelerated supply chain adjustments to help absorb higher input costs from tariffs. Management believes these actions, combined with cost-cutting programs, should support stable margins. OmniX adoption and aftermarket focus: Broader deployment of the new OmniX platform is viewed as a major opportunity to expand automation in the large installed base of existing pools, which could drive incremental aftermarket sales even if new construction remains subdued. Macroeconomic and housing risks: Management cautioned that persistent weakness in new home sales and higher interest rates may continue to pressure discretionary pool upgrades and new builds, with the timing of a recovery remaining uncertain. Andrew Carter (Stifel): Asked about the cost and margin impacts of shifting production out of China to mitigate tariffs; management outlined a four-pronged strategy and confirmed that most of the impact will be offset by year-end. Saree Boroditsky (Jefferies): Questioned the risk of demand destruction from recent price increases; CEO Holleran stated that observed demand changes appear to be deferred rather than lost, with little evidence of customers trading down significantly. David Tarantino (KeyBanc): Requested feedback on early-season consumer trends and the impact of new pricing actions; management noted a slow start in January but a strong March as weather improved, and reaffirmed full-year guidance. Sean Colman (BofA Merrill Lynch): Inquired about volume assumptions in guidance and the potential for trade-down; management clarified that guidance assumes pressure on discretionary categories but resilience in critical aftermarket demand. Nick Cash (Goldman Sachs): Asked about the impact of increased U.S. manufacturing utilization on margins; management pointed to available capacity and plans to leverage automation for further cost benefits. In the coming quarters, the StockStory team will be monitoring (1) tangible progress in shifting production from China to U.S. facilities as a measure of tariff mitigation, (2) adoption rates and customer feedback for the OmniX automation platform as an indicator of aftermarket growth, and (3) trends in discretionary pool construction and remodel activity as the broader housing market evolves. Progress on these fronts will help clarify Hayward's ability to sustain revenue growth and margin stability in a volatile environment. Hayward currently trades at a forward P/E ratio of 19×. Should you double down or take your chips? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
02-05-2025
- Business
- Business Insider
William Blair Keeps Their Buy Rating on Hayward Holdings (HAYW)
In a report released today, Ryan Merkel from William Blair maintained a Buy rating on Hayward Holdings (HAYW – Research Report). The company's shares closed today at $14.02. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Merkel is a 4-star analyst with an average return of 7.9% and a 57.58% success rate. Merkel covers the Industrials sector, focusing on stocks such as Aaon, Beacon Roofing Supply, and Fastenal Company. Currently, the analyst consensus on Hayward Holdings is a Hold with an average price target of $15.38. The company has a one-year high of $16.87 and a one-year low of $11.10. Currently, Hayward Holdings has an average volume of 2.02M. Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAYW in relation to earlier this year. Last month, KEVIN HOLLERAN, the President & CEO of HAYW sold 50,000.00 shares for a total of $625,500.00.
Yahoo
01-05-2025
- Business
- Yahoo
Hayward (NYSE:HAYW) Reports Upbeat Q1
Pool equipment and automation systems manufacturer Hayward Holdings (NYSE:HAYW) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 7.7% year on year to $228.8 million. The company expects the full year's revenue to be around $1.08 billion, close to analysts' estimates. Its non-GAAP profit of $0.10 per share was 17.4% above analysts' consensus estimates. Is now the time to buy Hayward? Find out in our full research report. Revenue: $228.8 million vs analyst estimates of $213.7 million (7.7% year-on-year growth, 7.1% beat) Adjusted EPS: $0.10 vs analyst estimates of $0.09 (17.4% beat) Adjusted EBITDA: $49.1 million vs analyst estimates of $42.7 million (21.5% margin, 15% beat) The company reconfirmed its revenue guidance for the full year of $1.08 billion at the midpoint EBITDA guidance for the full year is $285 million at the midpoint, in line with analyst expectations Operating Margin: 14.6%, in line with the same quarter last year Free Cash Flow was -$11.96 million compared to -$83.14 million in the same quarter last year Market Capitalization: $2.88 billion CHARLOTTE, N.C.--(BUSINESS WIRE)--Hayward Holdings, Inc. (NYSE: HAYW) ('Hayward' or the 'Company'), a global designer, manufacturer and marketer of a broad portfolio of pool and outdoor living technology, today announced financial results for the first quarter ended March 29, 2025 of its fiscal year 2025. Credited with introducing the first variable-speed pool pump, Hayward (NYSE:HAYW) makes residential and commercial pool equipment and accessories. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Regrettably, Hayward's sales grew at a mediocre 7.1% compounded annual growth rate over the last five years. This fell short of our benchmark for the industrials sector and is a poor baseline for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Hayward's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 2.1% annually. This quarter, Hayward reported year-on-year revenue growth of 7.7%, and its $228.8 million of revenue exceeded Wall Street's estimates by 7.1%. Looking ahead, sell-side analysts expect revenue to grow 2.5% over the next 12 months. Although this projection indicates its newer products and services will fuel better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals. Hayward has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 19.9%. This result isn't surprising as its high gross margin gives it a favorable starting point. Looking at the trend in its profitability, Hayward's operating margin rose by 1.4 percentage points over the last five years, as its sales growth gave it operating leverage. In Q1, Hayward generated an operating profit margin of 14.6%, in line with the same quarter last year. This indicates the company's cost structure has recently been stable. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Hayward, its EPS declined by 58.1% annually over the last five years while its revenue grew by 7.1%. However, its operating margin actually expanded during this time, telling us that non-fundamental factors such as interest expenses and taxes affected its ultimate earnings. We can take a deeper look into Hayward's earnings to better understand the drivers of its performance. Hayward recently raised equity capital, and in the process, grew its share count by 10,507% over the last five years. This has resulted in muted earnings per share growth but doesn't tell us as much about its future. We prefer to look at operating and free cash flow margins in these situations. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Hayward, EPS didn't budge over the last two years, but at least that was better than its five-year trend. We hope its earnings can grow in the coming years. In Q1, Hayward reported EPS at $0.10, up from $0.08 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Hayward's full-year EPS of $0.69 to grow 9.6%. We were impressed by how significantly Hayward blew past analysts' EBITDA expectations this quarter. We were also excited its revenue outperformed Wall Street's estimates by a wide margin. Overall, we think this was a decent quarter with some key metrics above expectations. The stock traded up 1.2% to $13.50 immediately following the results. Sure, Hayward had a solid quarter, but if we look at the bigger picture, is this stock a buy? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
