Hayward Holdings Earnings Call Transcripts
Fiscal Year 2026
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Net sales grew 6% in Q2 and 9% for the first half, driven by strong North American performance and price realization, while Europe and Rest of World faced macro and geopolitical headwinds. Guidance for 2026 is unchanged, with continued focus on innovation, operational excellence, and disciplined capital allocation.
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Directors were elected for terms through 2029, executive compensation was approved, and PwC was ratified as auditor for 2026. No shareholder proposals were considered, and all agenda items passed by majority vote.
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Q1 delivered double-digit sales and earnings growth, with net sales up 12% and adjusted EPS up 30%. Full-year guidance was raised for both sales and EPS, supported by strong aftermarket demand, disciplined pricing, and margin expansion despite inflation and geopolitical risks.
Fiscal Year 2025
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Q4 and full year 2025 saw 7% net sales growth, record gross margins, and robust cash flow, with strong aftermarket demand offsetting weak new pool construction. 2026 guidance calls for 4% sales growth and 6–12% EPS growth, supported by continued innovation and disciplined capital allocation.
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Third quarter results surpassed expectations with 7% sales growth and 16% adjusted EBITDA growth, driven by strong aftermarket demand, margin expansion, and effective tariff mitigation. Guidance for full-year sales, EBITDA, and free cash flow was raised, reflecting robust execution and positive industry trends.
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Second quarter net sales rose 5% with record gross margin and strong cash flow. Guidance for 2025 was raised on the low end, with tariff mitigation and commercial growth highlighted. Net leverage improved to 2.1x, and a $450M share repurchase was authorized.
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A leading pool equipment OEM leverages a large, aging installed base and strong brand to drive recurring aftermarket sales, margin expansion, and innovation. Growth is fueled by smart product adoption, operational excellence, and a multi-channel strategy.
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First quarter net sales rose 8% year-over-year, with margin expansion and strong cash flow. Guidance for 2025 is unchanged despite tariff headwinds, supported by price increases, cost actions, and the launch of the OmniX automation platform.
Fiscal Year 2024
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Delivered strong Q4 and full-year 2024 results, with record gross margins, robust sales growth, and improved cash flow. 2025 guidance calls for modest sales and earnings growth, with aftermarket demand resilient but new construction and remodels remaining pressured.
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Third quarter results showed 3% sales growth, margin expansion, and strong cash flow, driven by pricing, new products, and the ChlorKing acquisition. Guidance for 2024 was raised, with continued focus on innovation, operational efficiency, and disciplined capital allocation.
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New pool construction is down, but higher-end pools and aftermarket sales remain strong, with automation and connected products driving growth. Margins are near 50% due to lean operations and tech upgrades, while recent acquisitions and regional investments support future market share gains.
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Second quarter results delivered record gross margins, robust cash flow, and a strengthened balance sheet, despite ongoing weakness in new construction and international markets. The ChlorKing acquisition expands commercial market reach, while full-year guidance was narrowed due to mixed demand trends.