Gross Margin PerformanceGross margin performance and trajectory are a positive and encouraging early proof point of HAYW’s favorable long-term industry dynamics and profitability/cash generation characteristics.
Inventory NormalizationThe normalization of inventory destocking seen through 2023 is expected to be the largest driver of revenue growth, adding tailwinds of ~10%, furthered by 2% pricing put in place.
Sales GrowthManagement's continued confidence in sales growth reflects channel normalization and the success of operating initiatives, pointing to further upside to margins if the macro improves.