NYSE$HAYW
Hayward Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Hayward's financial performance remained steady with a slight sales increase and improved profitability.
Hayward Holdings reported a 1% increase in net sales, reaching $212.6 million for the first quarter of fiscal year 2024. The company experienced a 17% increase in net income, totaling $9.8 million, and an adjusted EBITDA of $45.0 million. Diluted EPS was $0.04, with an adjusted diluted EPS of $0.08.
- Net sales increased by 1% to $212.6 million.
- Net income increased by 17% to $9.8 million.
- Gross profit margin increased 260 basis points to 49.2%.
- Adjusted diluted EPS increased by 14% to $0.08.
Headline financials
Revenue & EPS history
Hayward · Revenue · Quarterly
$213M
Forward guidance
Hayward is reaffirming its full-year 2024 guidance, projecting sales and earnings growth driven by solid execution, positive price realization, and increasing technology adoption.
Tailwinds
- Net sales are expected to be approximately $1.010 billion to $1.060 billion, an increase of approximately 2% to 7%.
- Adjusted EBITDA is projected to be $255 million to $275 million, an increase of approximately 3% to 11%.
- The pool industry remains attractive with sustainable secular demand trends in outdoor living.
- Hayward continues to leverage competitive advantages and drive adoption of SmartPad™ pool equipment.
- The company is confident in its long-term outlook for profitable growth and robust cash flow generation.
Headwinds
- The guidance range contemplates uncertainty around global macro conditions.
- The guidance range contemplates uncertainty around consumer spending.
- The guidance range contemplates uncertainty coupled with progressively leaner channel inventory positions.
- Economic environment remains uncertain.
- Interest rate environment remains uncertain.
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 2024
+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
| Quarter | Report date | Reaction (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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