100-Year Anniversary Celebration
Hayward Holdings, Inc. celebrated its 100th anniversary, marking a century of service and innovation in the pool industry.
Strong Fourth Quarter Performance
Net sales increased 17% to $327 million, with a 20% increase in North America and gross profit margins expanding to a record 51.4%.
Full-Year Financial Success
For the full year 2024, net sales increased 6% to $1.52 billion, with adjusted EBITDA increasing 12% to $277 million, both exceeding guidance.
Operational Excellence and Innovation
Introduced new products like the Microchannel Temperature Control Unit and the OmniPro app, while also consolidating manufacturing and expanding automation.
Balance Sheet Improvement
Net leverage reduced to 2.8x, within the targeted range, with free cash flow increasing 22% to $188 million.