Hayward Q1 net sales drop 49%; net income down 89%; reaffirms FY guidance

Hayward Holdings, Inc.

2023-Q1 EPS reported $0.04 revenue$210,136,000

Net sales of $210.1M decreased 49% YoY; net income of $8.4M fell 89%.
Adjusted EBITDA of $44.9M decreased 64%; adjusted diluted EPS $0.07 (down 80% YoY).
North America net sales down 53%; Europe & Rest of World down 26%.
Company reaffirms FY2023 outlook: net sales decline 18%-22%, Adj. EBITDA $265M-$285M.
Cash used by operations $91M; $256.8M available under revolving credit facilities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hayward Holdings, Inc. reported the first quarter ended April 1, 2023 results: revenue $210.1 million, net income $8.4 million, EPS $0.04. Guidance reaffirmed.

Period: the first quarter ended April 1, 2023
Revenue: $210.1 million
Net income: $8.4 million
EPS: $0.04
Guidance: reaffirmed
Result: reported results

Exact text from the filing

FIRST QUARTER FISCAL 2023 SUMMARY • Net Sales of $210.1 million • Net Income of $8.4 million • Adjusted EBITDA* of $44.9 million • Diluted EPS of $0.04 • Adjusted diluted EPS* of $0.07

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Source: SEC EDGAR

accession 0001834622-23-000030

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