Hayward reports Q4 adjusted EPS 27c, consensus 24c

Reports Q4 revenue $327.08M, consensus $302.76M. “I am pleased to report strong fourth quarter results ahead of expectations,” said Kevin Holleran, Hayward’s (HAYW) president and CEO. “We finished the year on a high note with increased shipments for in-quarter demand and robust early buy orders for the upcoming 2025 pool season, resulting in solid sales and earnings growth, margin expansion and increased cash flow generation. As I reflect on 2024, it was a successful year for Hayward despite the macroeconomic challenges faced by the pool industry, and I am proud of the performance of our team. In addition to returning to sales growth, we further strengthened the senior leadership team and executed our strategic plans to position the Company for continued growth. This included expanding our customer relationships, advancing our technology leadership position with the introduction of several innovative new products, and further demonstrating our operational excellence capabilities. Solid profitability and cash flow enabled us to reduce net leverage into our targeted range while completing accretive capital deployments for early debt repayment and a strategic acquisition. Looking forward, as we celebrate the 100th anniversary of Hayward’s founding in 1925, I am encouraged by the Company’s solid foundation and excited about the many opportunities to build on our momentum and deliver exceptional value to our customers and shareholders.”