NYSE$HAYW

Hayward Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Hayward reported exceptional results driven by strong demand and margin expansion.

Hayward Holdings announced strong first-quarter results with net sales increasing by 96% to $334.4 million and operating income increasing by 533% to $79.8 million. The company's performance was driven by high demand for pool equipment and favorable market dynamics.

  • Net sales increased by 96% to $334.4 million.
  • Gross profit increased by 112% to $159.9 million, with gross profit margin increasing to 47.8%.
  • Operating income increased by 533% to $79.8 million.
  • Net income increased by 455% to $36.9 million.

Headline financials

Total Revenue

$334M

Previous: $170M+96.5%
EPS (adj)

$1.11

Previous: -$0.05+2559.7%
Adjusted EBITDA

$107M

No prior period
Adjusted EBITDA Margin

32.1%

No prior period
Capital Expenditures

-$4.8M

Previous: $3.9M-223.1%
Free Cash Flow

$32.1M

Previous: -$102M+131.6%
Net Income

$36.9M

Previous: -$10.4M+454.9%
Operating Income

$79.8M

Previous: $12.6M+533.3%
Gross Profit

$160M

Previous: $75.6M+111.5%
Cash & Equivalents

$13.8M

Previous: $92.4M-85.1%
Total Assets

$2.72B

No prior period
Stock-Based Comp

$10.6M

Previous: $700K+1419.1%

Revenue & EPS history

Hayward · Revenue · Quarterly

$334M

Q1 2021+96.5%vs Q1 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Hayward expects net sales growth of 40% to 45% year-over-year and Adjusted EBITDA of $360 million to $390 million for the full year fiscal 2021.

Tailwinds

  • Strong first quarter results
  • Robust order file providing sales visibility
  • Continued strength across product categories
  • Sustained market demand for the full year 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+22.4%

Q1 2021

Best reaction

-14.9%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.7%-8.9%-10.7%
Q4 2025-4.6%+2.0%-15.6%
Q3 2025+11.8%+8.0%+7.3%
Q1 2025+5.2%+3.7%+4.7%
Q4 2024+2.6%-1.3%-4.5%
Q3 2024+12.2%+9.1%+9.3%
Q2 2024+9.6%+4.5%+8.8%
Q1 2024+4.5%+7.0%+7.2%
Q4 2023+9.5%+6.0%+17.0%
Q3 2023-7.8%-3.1%+2.5%
Q2 2023+9.3%+12.5%+10.9%
Q1 2023+0.2%-4.4%-8.1%
Q4 2022-4.2%-3.5%-11.0%
Q3 2022-4.1%-2.9%+3.6%
Q2 2022-14.9%-15.6%-19.8%
Q1 2022+2.6%-3.8%+0.4%
Q4 2019+3.5%-4.5%-0.5%
Q4 2021-2.8%-7.7%-4.3%
Q3 2021-5.2%-5.1%+2.4%
Q3 2020-5.2%-5.1%+2.4%
Q2 2021-0.5%-5.4%-12.1%
Q2 2020-0.5%-5.4%-12.1%
Q1 2020-1.6%+0.0%+0.5%
Q4 2020-1.6%+0.0%+0.5%
Q1 2021+22.4%+21.8%+26.0%

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