Hayward backs FY24 revenue view $1.010B-$1.060B, consensus $1.04B

Hayward is reaffirming its full-year 2024 guidance reflecting a return to sales and earnings growth driven by solid execution across the organization, positive price realization and increasing technology adoption. The guidance range contemplates uncertainty around global macro conditions and consumer spending, coupled with progressively leaner channel inventory positions. For fiscal year 2024, Hayward continues to expect net sales of approximately $1.010B to $1.060B, or an increase of approximately 2% to 7%, and Adjusted EBITDA of $255M to $275M , or an increase of approximately 3% to 11%. The pool industry remains attractive and benefits from sustainable secular demand trends in outdoor living. Hayward continues to leverage our competitive advantages and drive increasing adoption of our leading SmartPad pool equipment products both in new construction and the aftermarket, which has historically represented approximately 80% of net sales. Hayward is confident in its long-term outlook for profitable growth and robust cash flow generation, driven by its technology leadership, operational excellence, strong brand and installed base, and multi-channel capabilities.