Hayward Q3 net sales down 30% to $245M; guides FY22 adj EBITDA $365-370M

Hayward Holdings, Inc.

2022-Q3 EPS reported $0.70 revenue$1,055,169,000

Net sales fell 30% YoY to $245.3M; net income down 54% to $23.1M.
Adjusted EBITDA decreased 39% to $60.4M; adjusted diluted EPS $0.14, down 43%.
North America segment net sales down 32%; Europe & RoW down 21% on destocking and geopolitical factors.
Cost reduction program targets $25M-$30M in SG&A savings in 2023; $8M expected in 2022.
FY2022 guidance: net sales ~6% decline; adjusted EBITDA $365M-$370M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hayward Holdings, Inc. reported the third quarter ended October 1, 2022 results: revenue $245.3 million, net income $23.1 million, EPS $0.14.

Period: the third quarter ended October 1, 2022
Revenue: $245.3 million
Net income: $23.1 million
EPS: $0.14
Result: reported results

Exact text from the filing

THIRD QUARTER FISCAL 2022 SUMMARY • Net Sales decreased 30% year-over-year to $245.3 million • Net Income decreased 54% year-over-year to $23.1 million • Adjusted EBITDA decreased 39% year-over-year to $60.4 million • Adjusted diluted EPS decreased 43% year-over-year to $0.14

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Source: SEC EDGAR

accession 0001834622-22-000099

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