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Hayward Holdings (HAYW)
NYSE:HAYW
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.24Last Year’s EPS
$0.2Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 4.32%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with strong profitability, successful integration of the ChlorKing acquisition, increased cash flow, and improved balance sheet strength. Despite challenges in Europe and the impact of macroeconomic conditions on new construction, the company demonstrates resilience and strategic progress.Company Guidance
During Hayward Holdings' Q3 2024 earnings call, the company reported a 3% year-over-year increase in net sales, reaching $228 million, driven by positive net price realization and the acquisition of ChlorKing. Gross profit margins expanded by 190 basis points to 49.7%, marking the seventh consecutive quarter of gross margin expansion. Cash flow from operations increased by 27% year-to-date, supporting growth initiatives and reducing balance sheet leverage to 2.8x. The company raised its full-year guidance, expecting net sales to grow by approximately 3% to 5% and adjusted EBITDA to increase by 5% to 9% compared to 2023. Segment performance varied, with North America sales rising by 5% and Europe and Rest of World sales declining by 7%. Adjusted EBITDA margin improved by 110 basis points to 22.5%, and adjusted diluted EPS was $0.11 for the quarter. Hayward also highlighted strategic investments in technology and customer experience, including the introduction of innovative products like the microchannel temperature control unit and the Paramount RDX unblockable drain.Strong Profitability and Cash Flow
Gross profit margins expanded 190 basis points to 49.7%. Cash flow from operations increased 27% year-to-date.
Net Sales Increase
Net sales increased 3% year-over-year in the third quarter, driven by positive net price realization and the acquisition of ChlorKing.
ChlorKing Acquisition Success
ChlorKing performed well in the first full quarter of ownership, contributing 3% to net sales.
Adjusted EBITDA Growth
Adjusted EBITDA increased 8% to $51 million, with a margin increase of 110 basis points to 22.5%.
Improved Balance Sheet
Net leverage reduced by more than a full turn on a year-over-year basis to 2.8x.
Technology Leadership Recognition
Hayward received awards for both innovation leadership and operational excellence from the largest global distributor.
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HAYW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HAYW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $14.80 | $15.67 | +5.88% |
| Jul 30, 2024 | $13.49 | $14.76 | +9.41% |
| May 02, 2024 | $13.52 | $13.72 | +1.48% |
| Feb 29, 2024 | $13.09 | $14.79 | +12.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hayward Holdings (HAYW) report earnings?
Hayward Holdings (HAYW) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Hayward Holdings (HAYW) earnings time?
Hayward Holdings (HAYW) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HAYW EPS forecast?
HAYW EPS forecast for the fiscal quarter 2024 (Q4) is $0.24.
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