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Sep 27
Hayward Q3 2025 Earnings Report
Hayward Holdings reported strong third quarter fiscal year 2025 financial results, exceeding expectations and increasing its full-year guidance.
Key Takeaways
Hayward Holdings delivered a robust third quarter, with net sales increasing 7% year-over-year to $244.3 million and net income surging 46% to $24.0 million. The company saw growth across both North America and Europe & Rest of World segments, driven by positive net pricing, increased volume, and operational efficiencies. Adjusted EBITDA also grew significantly by 16% to $59.1 million, and diluted EPS increased by 57% to $0.11.
Net Sales increased 7% year-over-year to $244.3 million, driven by positive net price, increased volume, and favorable foreign currency translation.
Net Income rose 46% year-over-year to $24.0 million, with net income margin expanding 250 basis points to 9.8%.
Adjusted EBITDA increased 16% year-over-year to $59.1 million, and Adjusted EBITDA margin expanded 170 basis points to 24.2%.
Diluted EPS increased 57% to $0.11, and Adjusted diluted EPS increased 27.3% to $0.14.
Hayward
Hayward
Hayward Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comEurope & Rest of World Revenue
CapyFin.com Forward Guidance
Hayward Holdings is increasing its full-year 2025 guidance, expecting net sales between $1.095 billion and $1.110 billion, and Adjusted EBITDA between $292 million and $297 million. The company remains optimistic about the long-term dynamics of the pool industry and its strategic initiatives.
Positive Outlook
- Increased full year 2025 net sales guidance to $1.095 billion - $1.110 billion (4% to 5.5% increase from fiscal year 2024).
- Increased full year 2025 Adjusted EBITDA guidance to $292 million - $297 million (5% to 7% increase from fiscal year 2024).
- Benefits from favorable secular demand trends in outdoor living, sunbelt migration, and technology adoption.
- Continued growth opportunities due to the increasing installed base of pools every year.
- Leveraging competitive advantages and driving increasing adoption of SmartPad™ pool equipment products in new construction and aftermarket.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- Potential impacts from changes in laws, regulations, and administrative policy.
- Sensitivity of the business to seasonality and unfavorable economic conditions.
- Risks associated with product manufacturing disruptions and global supply chain issues.
- Exposure to credit risk on accounts receivable and political/regulatory risks in international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income