NYSE$HAYW
Hayward Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Hayward's Q4 2022 financial performance reflected a decrease in net sales and net income, impacted by lower volumes and macroeconomic uncertainty.
Hayward Holdings reported a 27% decrease in net sales to $259.0 million for the fourth quarter of fiscal 2022. Net income decreased by 75% to $16.0 million, and diluted GAAP EPS decreased by 72% to $0.07. The decline was attributed to lower volumes due to reduced channel inventory and macroeconomic uncertainty.
- Net sales decreased 27% year-over-year to $259.0 million.
- Net income decreased 75% year-over-year to $16.0 million.
- GAAP diluted EPS decreased 72% year-over-year to $0.07.
- Adjusted EBITDA decreased 50% year-over-year to $53.3 million.
Headline financials
Revenue & EPS history
Hayward · Revenue · Quarterly
$259M
Forward guidance
For fiscal year 2023, Hayward expects net sales to decrease 18% to 22%, and Adjusted EBITDA of $265 million to $285 million.
Tailwinds
- The pool industry remains attractive and continues to benefit from sustainable secular demand trends in outdoor living.
- Hayward continues to leverage our competitive advantages and drive increasing adoption of our leading SmartPadTM pool equipment products both in new construction and the aftermarket, which represents approximately 80% of our business.
- Hayward is confident in its long-term outlook for profitable growth and robust cash flow generation, driven by new product innovation, expanding commercial relationships, and operational excellence.
Headwinds
- Hayward is introducing 2023 guidance that reflects more challenging macroeconomic conditions and consequently an additional reduction of channel inventory levels.
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 Q4 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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