📈 Price History

Ratio Health

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📊 Sector Averages

About

Hayward Holdings, Inc. designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding HAYW

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	884.7K	$11.8M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used phrases like 'exceeded expectations', 'record gross margin', '10th consecutive quarter of gross margin expansion', and 'confident in our team's ability'. Specific metrics (52.7% gross margin, 29.5% EBITDA margin, 2.1x leverage) and concrete mitigation actions were cited.

Q3 2025

Confident Specific

Management consistently used phrases like 'strong execution', 'ahead of expectations', 'pleased to report', 'increasing guidance' and cited specific numbers (7% sales growth, 16% EBITDA growth, 170 bps margin expansion). They emphasized progress on tariff mitigation (China exposure from 10% to 3%) and early buy program participation.

Q4 2025

Confident Specific

Management repeatedly used positive language such as 'strong', 'record', 'proud', 'momentum', and provided specific metrics (e.g., 7% net sales growth, 48% gross margin, 4% Adjusted EBITDA growth in Q4). They emphasized outperformance versus expectations and described 2025 as a 'centennial year' with 'strong performance'.

Q1 2026 latest

Confident Specific

Management uses phrases like 'outstanding Q1', 'meaningfully ahead of expectations', 'double-digit sales and earnings growth', and provides specific numbers (12% sales growth, 15% EBITDA growth, 30% EPS growth) to underscore strong performance.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Hayward delivered a standout Q1 with double-digit growth, raised full-year guidance, and demonstrated pricing power and operational leverage even amid inflation and tariffs. The installed base aftermarket model provides resilience, and innovation (OmniX) is gaining traction. However, management flagged Q2 margin compression and acknowledged macro uncertainties (geopolitical disruption, specialty metal costs). The key watch items next quarter are: (1) whether Q2 gross margin compression is as expected and whether H2 normalization materializes, (2) sell-through trends across channels as season peaks, and (3) any further pricing actions or demand elasticity. Overall, the call reinforces Hayward's ability to compound earnings, but investors should monitor execution on cost mitigation and channel inventory dynamics.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Hayward Q1 2026: Net sales +12% to $255M, EPS +30%, guidance raised.

Revenue & Profitability

Q1 2026 net sales increased 12% to $255 million, gross profit rose 13% to $119 million (46.5% gross margin), adjusted EBITDA increased 15% to $56 million (22.1% margin), and adjusted diluted EPS increased 30% to $0.13. For full year 2026, management guides net sales +5% and adjusted diluted EPS of $0.84 to $0.87 (9-13% growth).

Outlook

Management views the pool industry as supported by durable secular tailwinds: an aging installed base requiring maintenance, repair, and upgrade. They expect modest aftermarket volume improvement in North America, with new construction remaining flat. Geopolitical disruptions and rising costs for specialty metals, freight, and resins are headwinds, but mitigation efforts are expected to safeguard gross profit.

Growth Drivers

Key growth levers include the aftermarket (85% of sales), expanding addressable market through innovations like OmniX, commercial pool growth (nearly 20% in Q1), and industrial flow control (low double-digit growth). Geographically, Canada grew 26% and Europe was up 14% in Q1. Discretionary products like automation and heaters outperformed core categories.

Balance Sheet & CapEx

Full year 2026 CapEx guidance is approximately $40 million, increased from prior expectations, as the company continues investing in upgrading operational capabilities. Management also mentioned using AI across the organization to enhance decision-making and productivity. No other specific investment figures were discussed.

Margins

Gross margin expanded 50 bps to 46.5% in Q1, and adjusted EBITDA margin expanded 60 bps to 22.1%. Management expects full year gross margin to be comparable to the record set last year, with modest compression in Q2 due to inflation before mitigation efforts normalize margins in the second half. Operating leverage is beginning to show across SG&A.

Key Risks

Risks flagged include geopolitical disruption in the Middle East impacting Rest of World sales, rising costs for specialty metals, freight, and resins, and potential tariff headwinds (Section 232 updates). Management also noted inflationary pressure on gross margin in Q2 before mitigation efforts take effect. Volume elasticity due to price increases was questioned by analysts but not seen as material yet.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Net sales grew 6% in Q2 and 9% for the first half, driven by strong North American performance and price realization, while Europe and Rest of World faced macro and geopolitical headwinds. Guidance for 2026 is unchanged, with continued focus on innovation, operational excellence, and disciplined capital allocation.

Q1 2026 Q1 2026 2026-04-29

Q1 delivered double-digit sales and earnings growth, with net sales up 12% and adjusted EPS up 30%. Full-year guidance was raised for both sales and EPS, supported by strong aftermarket demand, disciplined pricing, and margin expansion despite inflation and geopolitical risks.

Q4 2025 Q4 2025 2026-02-25

Q4 and full year 2025 saw 7% net sales growth, record gross margins, and robust cash flow, with strong aftermarket demand offsetting weak new pool construction. 2026 guidance calls for 4% sales growth and 6–12% EPS growth, supported by continued innovation and disciplined capital allocation.

Q3 2025 Q3 2025 2025-10-29

Third quarter results surpassed expectations with 7% sales growth and 16% adjusted EBITDA growth, driven by strong aftermarket demand, margin expansion, and effective tariff mitigation. Guidance for full-year sales, EBITDA, and free cash flow was raised, reflecting robust execution and positive industry trends.

Q2 2025 Q2 2025 2025-07-30

Second quarter net sales rose 5% with record gross margin and strong cash flow. Guidance for 2025 was raised on the low end, with tariff mitigation and commercial growth highlighted. Net leverage improved to 2.1x, and a $450M share repurchase was authorized.

📊 Analysis Methodology

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