earnings
confidence high
sentiment neutral
materiality 0.70
Hayward Q1 net sales +1% to $212.6M, net income +17% to $9.8M; FY24 guidance reaffirmed
Hayward Holdings, Inc.
2024-Q1 EPS reported
$0.04
revenue$212,569,000
- Diluted EPS of $0.04 (flat YoY); adjusted diluted EPS of $0.08 (+14%).
- Gross margin expanded 260bps to 49.2%; operating margin up 120bps to 14.5%.
- North America sales +7% to $173.4M; Europe & RoW sales -17% to $39.1M, segment income -39%.
- Voluntary early debt repayment of $123.1M in April 2024, eliminating Incremental Term Loan B.
- FY24 guidance reaffirmed: net sales $1.01-$1.06B, Adj. EBITDA $255-$275M.