earnings
confidence high
sentiment positive
materiality 0.70
Hayward Q1 net sales up 23% to $410.5M, net income up 101%, reaffirms FY 2022 guidance
Hayward Holdings, Inc.
2022-Q1 EPS reported
$0.30
revenue$410,460,000
- Net sales $410.5M (+23% YoY); net income $74.0M (+101%); adjusted EBITDA $126.2M (+18%).
- North America net sales $346.3M (+28%); Europe & Rest of World $64.2M (+2%).
- Reiterates FY 2022 outlook: net sales growth 9-12%, adjusted EBITDA $460M-$475M (+9-13%).
- Gross profit margin down 144 bps to 46.4% due to inflation; SG&A as % of sales improved 312 bps.
- Net debt $881.6M, leverage 2.0x (up from 1.7x); $81M stock repurchase during quarter.