NYSE$HAYW
Hayward Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Hayward's financial performance declined due to lower sales volume and macroeconomic factors.
Hayward Holdings reported a 30% decrease in net sales to $245.3 million for the third quarter of fiscal year 2022. Net income decreased by 54% to $23.1 million, and adjusted diluted EPS decreased by 43% to $0.14. The decline in sales was attributed to distribution channel destocking, macroeconomic uncertainty, and geopolitical factors in Europe.
- Net sales decreased 30% year-over-year to $245.3 million.
- Net Income decreased 54% year-over-year to $23.1 million.
- Adjusted EBITDA decreased 39% year-over-year to $60.4 million.
- Adjusted diluted EPS decreased 43% year-over-year to $0.14.
Headline financials
Revenue & EPS history
Hayward · Revenue · Quarterly
$245M
Forward guidance
Hayward is refining its full fiscal year 2022 guidance to reflect higher than expected inflation impacting the fourth quarter, normalizing channel inventory levels and geopolitical events in Europe. For fiscal year 2022, Hayward now expects net sales to decrease approximately 6% from prior year, and Adjusted EBITDA of $365 million to $370 million.
Tailwinds
- Increasing consumer demand for pool equipment products in the U.S.
- Demand for SmartPadTM products into the aftermarket.
- Long-term outlook for profitable growth
- Long-term outlook for robust cash flow generation
- Driven by new product innovation, growing commercial relationships with prominent pool dealers and builders, and agile manufacturing capabilities.
Headwinds
- Higher than expected inflation impacting the fourth quarter
- Normalizing channel inventory levels
- Geopolitical events in Europe
- Net sales expected to decrease approximately 6% from prior year
- Adjusted EBITDA of $365 million to $370 million
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 Q3 2022
+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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