Hayward Holdings Inc
HAYW
ISIN US4212981009 / Valor 110117439
Hayward Holdings Inc
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About company
Hayward Holdings Inc is a global company that designs, manufactures, and markets a wide range of pool equipment and automation systems. As a leader in the Outdoor Living market, the company offers innovative and energy-efficient products that enhance the pool owner's outdoor experience. With a strong brand reputation, extensive customer relationships, and a history of technological innovation, Hayward is well-positioned in the industry. Their products focus on providing high-quality water, pleasant ambiance, and ease of use for a superior backyard experience.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (14.08.2024):
Net Sales Increase
Hayward Holdings Inc. reported a year-over-year increase in net sales to $284.4 million for the second quarter of fiscal 2024. This modest rise was driven by net price improvements, although it was partially offset by a decline in volume due to market downturns in the Middle East and Asia, and lower new construction and remodels in the U.S.
Net Income Growth
For the second quarter of fiscal 2024, Hayward Holdings Inc. saw a significant 28% increase in net income, reaching $37.6 million. This growth was attributed to operational efficiencies and net price increases, which also contributed to a 6% rise in gross profit to $145.1 million.
Adjusted EBITDA
Hayward Holdings Inc. reported an adjusted EBITDA of $82.6 million for the second quarter of fiscal 2024, marking a 4% increase from the prior-year period. The adjusted EBITDA margin expanded by 100 basis points to 29.0%, reflecting the company's improved operational performance.
EPS Improvement
In the second quarter of fiscal 2024, Hayward Holdings Inc. achieved a 31% increase in diluted EPS, which rose to $0.17. Additionally, the adjusted diluted EPS saw an 11% increase, reaching $0.21, underscoring the company's strong financial performance during the quarter.
Cash Flow and Debt Repayment
Hayward Holdings Inc. reported a 26% year-over-year increase in cash flow from operations, amounting to $209.8 million for the year-to-date period. The company also made a voluntary early debt repayment and completed a strategic acquisition, further strengthening its balance sheet and supporting growth initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3358 M
Market cap (USD)
209,393
Daily traded volume (Shares)
15.49 / 15.29
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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