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Dec 31, 2024
Hayward Q4 2024 Earnings Report
Hayward Holdings reported a strong fourth quarter with sales and earnings growth driven by increased shipments, early buy orders, and price management.
Key Takeaways
Hayward Holdings reported a 17% increase in net sales to $327.1 million and a 76% increase in net income to $54.7 million for the fourth quarter of fiscal year 2024. The company's performance was driven by higher volumes, increased net price, and the favorable impact from acquisitions. Adjusted EBITDA increased by 30% to $98.7 million, and diluted EPS increased by 79% to $0.25.
Net sales increased 17% year-over-year to $327.1 million.
Net income increased 76% year-over-year to $54.7 million.
Adjusted EBITDA increased 30% year-over-year to $98.7 million.
Diluted EPS increased 79% year-over-year to $0.25.
Forward Guidance
Hayward is introducing 2025 guidance reflecting sales and earnings growth driven by solid execution across the organization, positive price realization and continued technology adoption. For fiscal year 2025, Hayward expects net sales of approximately $1.060 billion to $1.100 billion and Adjusted EBITDA* of $280 million to $290 million.
Positive Outlook
- Solid execution across the organization
- Positive price realization
- Continued technology adoption
- Installed base of pools increases every year, providing continued growth opportunities
- Benefits from favorable secular demand trends in outdoor living, sunbelt migration, and technology adoption
Challenges Ahead
- Relies on relationships with distributors, builders, buying groups, retailers and servicers
- Sensitivity to seasonality and unfavorable economic business conditions
- Competition from national and global companies, as well as lower-cost manufacturers
Historical Earnings Impact
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Avg. Return Before/After Earnings
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