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Jun 28, 2025
Hayward Q2 2025 Earnings Report
Hayward Holdings reported strong second quarter fiscal year 2025 financial results, with increases in net sales, net income, adjusted EBITDA, and diluted EPS, and refined its full-year 2025 guidance.
Key Takeaways
Hayward Holdings delivered a strong second quarter in fiscal year 2025, with net sales increasing 5% year-over-year to $299.6 million. The company saw significant growth in net income, up 19% to $44.8 million, and adjusted EBITDA increased 7% to $88.2 million. Diluted EPS rose 18% to $0.20, and adjusted diluted EPS increased 14% to $0.24. Gross profit margins reached a record 52.7%, and net leverage declined to 2.1x, the lowest in over three years.
Net Sales increased 5% year-over-year to $299.6 million, driven by positive net price and acquisitions.
Net Income grew 19% year-over-year to $44.8 million, with net income margin expanding 180 basis points to 15.0%.
Adjusted EBITDA increased 7% year-over-year to $88.2 million, and adjusted EBITDA margin expanded 50 basis points to 29.5%.
Diluted EPS increased 18% to $0.20, and Adjusted diluted EPS increased 14% to $0.24.
Revenue by Segment
Forward Guidance
Hayward is refining its full year 2025 guidance, raising the low end of the guidance range for net sales, and maintaining its Adjusted EBITDA outlook.
Positive Outlook
- Raising the low end of the net sales guidance range for fiscal year 2025 to $1.070 billion to $1.100 billion.
- Continued expectation of Adjusted EBITDA of $280 million to $290 million for fiscal year 2025.
- Long-term dynamics of the pool industry are positive, with an increasing installed base of pools.
- Company benefits from favorable secular demand trends in outdoor living, sunbelt migration, and technology adoption.
- Confidence in long-term outlook for profitable growth and robust cash flow generation, driven by technology leadership, operational excellence, strong brand, and multi-channel capabilities.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- Macroeconomic and tariff environment continues to evolve, which could present challenges.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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