Hayward Q3 net sales $220.3M (-10% YoY); net income $11.8M (-49%); FY EBITDA guidance cut to $245-255M

Hayward Holdings, Inc.

2023-Q3 EPS reported $0.23 revenue$713,983,000

Net sales $220.3M, down 10% YoY; net income $11.8M (-49%); diluted EPS $0.05 vs $0.10 prior.
Adjusted EBITDA $47.2M, down 22%; adjusted diluted EPS $0.09 vs $0.14. Gross margin up 390bps to 47.8%.
North America sales -9% to $185.1M; Europe & ROW -15% to $35.2M; segment income down 18% and 27%.
FY2023 guidance cut: net sales decline 24-26% YoY; Adjusted EBITDA $245-255M, citing pressure in Canada, Middle East, Latin America.
Cash from ops $216.9M for 9 months (+$73M YoY); cash $244.2M and ~$158M revolver availability.

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 third quarter ended September 30, 2023 results: revenue $220.3 million, net income $11.8 million, EPS $0.05.

Period: the third quarter ended September 30, 2023
Revenue: $220.3 million
Net income: $11.8 million
EPS: $0.05
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- October 31, 2023 Hayward Holdings Announces Third Quarter Fiscal Year 2023 Financial Results THIRD QUARTER FISCAL 2023 SUMMARY • Net Sales of $220.3 million • Net Income of $11.8 million • Adjusted EBITDA* of $47.2 million • Diluted EPS of $0.05 and adjusted diluted EPS* of $0.09 • Strong year-to-date cash flow from operations of

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Source: SEC EDGAR

accession 0001834622-23-000101

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