Hayward Q2 net sales $283.5M (-29% YoY); net income down 56% to $29.5M

Hayward Holdings, Inc.

2023-Q2 EPS reported $0.17 revenue$493,679,000

Net sales decreased 29% to $283.5M; net income $29.5M (-56% YoY); diluted EPS $0.13 vs $0.28
Adjusted EBITDA $79.5M (-38%), margin 28.0% (down 400 bps); adjusted diluted EPS $0.19 (-48%)
North America sales $237.4M (-31%); Europe & ROW $46.2M (-19%)
FY2023 guidance: net sales decline 20-23%, Adjusted EBITDA $265-280M, better margins offset softer volumes
Operating cash flow $166.5M ytd, up ~$103M driven by working capital improvements

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 0.95

Hayward Holdings, Inc. reported full year 2023 results: revenue to decrease 20% to 23%. Guidance reaffirmed.

Period: full year 2023
Revenue: to decrease 20% to 23%
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Hayward is refining its full year 2023 guidance to reflect incremental reductions in channel inventory levels and better than expected margins. For the full fiscal year 2023, Hayward expects net sales to decrease 20% to 23% and Adjusted EBITDA* of $265 million to $280 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Hayward Holdings, Inc. reported the second quarter ended July 1, 2023 results: revenue $283.5 million, net income $29.5 million, EPS $0.13. Guidance reaffirmed.

Period: the second quarter ended July 1, 2023
Revenue: $283.5 million
Net income: $29.5 million
EPS: $0.13
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Hayward Holdings Announces Second Quarter Fiscal Year 2023 Financial Results SECOND QUARTER FISCAL 2023 SUMMARY • Net Sales of $283.5 million • Net Income of $29.5 million • Adjusted EBITDA* of $79.5 million • Diluted EPS of $0.13 and adjusted diluted EPS* of $0.19

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Hayward Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001834622-23-000068

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