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Apr 03, 2021
Hayward Q1 2021 Earnings Report
Hayward reported exceptional results driven by strong demand and margin expansion.
Key Takeaways
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.
Hayward
Hayward
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.
Positive Outlook
- Strong first quarter results
- Robust order file providing sales visibility
- Continued strength across product categories
- Sustained market demand for the full year 2021