Hayward Holdings Inc

Latest Results (19.05.2026):

Hayward Holdings Inc — Fourth Quarter Fiscal 2025: Hayward finished FY2025 with a strong fourth quarter, reporting Q4 net sales up 7% year‑over‑year to $349.4 million and net income up 25% to $68.4 million. Adjusted EBITDA for the quarter rose to $102.9 million and diluted EPS increased to $0.31, while full‑year net sales grew 7% to $1,122.2 million with net income up 28% to $151.6 million and operating cash flow rising to $256.0 million.

Topline

Q4 net sales were $349.4M (+7% y/y), driven primarily by price realization to offset inflation and tariffs and favorable foreign exchange, partially offset by a modest volume decline.

Profitability & margins

Gross profit in Q4 rose 10% to $169.3M with gross margin of 48.5% (+160 bps). Operating income was $87.3M (operating margin 25.0%, +160 bps) and net income margin expanded to 19.6% (+290 bps).

Adjusted EBITDA & EPS

Adjusted EBITDA for Q4 was $102.9M (+4% y/y) with an adjusted EBITDA margin of 29.4% (down 80 bps). Diluted EPS was $0.31 (+24% y/y) and adjusted diluted EPS was $0.29 (+7.4% y/y).

Segment performance

North America: Q4 sales $308.7M (+8%) with segment income $102.5M. Europe & Rest of World: Q4 sales $40.7M (‑1%) but segment income improved to $6.2M (+28%).

Cash flow & balance sheet

As of Dec 31, 2025 Hayward held $329.6M cash, $69.5M short‑term investments and ~$125.5M available on the revolver. Net cash provided by operating activities for FY2025 was $256.0M (+21% y/y), supporting reduced net leverage.

Outlook

Hayward issued FY2026 guidance calling for ~4% net sales growth and adjusted diluted EPS of $0.82–$0.86 (approximately +6% to +12% vs FY2025 adjusted EPS), reflecting continued price realization and technology adoption.

Notable items & accounting presentation

The company retrospectively reclassified warranty costs from SG&A into cost of sales (no impact to net income). Q4 SG&A rose 14% due to higher variable compensation, strategic investments and a securities‑litigation settlement included in adjustments to non‑GAAP metrics.