Hayward Holdings, Inc. ( (HAYW) ) has released its Q1 earnings. Here is a breakdown of the information Hayward Holdings, Inc. presented to its investors.
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Hayward Holdings, Inc. is a global leader in designing and manufacturing pool and outdoor living technology, offering a wide range of energy-efficient and sustainable pool equipment products. In its first quarter of fiscal year 2025, Hayward Holdings reported a strong financial performance, with net sales increasing by 8% to $228.8 million and net income rising by 46% to $14.3 million compared to the same period last year. The company also saw a 9% increase in adjusted EBITDA to $49.1 million and a 50% rise in diluted EPS to $0.06. Key drivers of this growth included positive volume growth, favorable pricing, and successful integration of acquisitions, particularly in North America and Europe. The company also managed to maintain a strong balance sheet with cash and cash equivalents of $181.3 million. Looking ahead, Hayward Holdings remains optimistic about its growth prospects, reaffirming its full-year 2025 guidance with expected net sales between $1.060 billion and $1.100 billion and adjusted EBITDA between $280 million and $290 million. The company is confident in its ability to navigate the current economic environment and capitalize on favorable industry trends.