Hayward reports Q1 adjusted EPS 10c, consensus 9c

Reports Q1 revenue $228.84M, consensus $213.38M. “I am pleased to report solid first quarter results ahead of expectations,” said Kevin Holleran, Hayward’s (HAYW) president and CEO. “Net sales increased 8% year-over-year with growth across both the North America and Europe and Rest of World segments. Positive volume growth and price realization, coupled with robust profitability and working capital management, enabled us to maintain net leverage within our targeted range at 2.8x at the end of the first quarter while funding our growth strategies and launching innovative new products. During this period of increased tariffs and heightened global economic uncertainty, we are aggressively executing our plans to support profitability and position the Company for continued growth. With a resilient aftermarket model and strong balance sheet, we are confident in our ability to navigate this evolving environment.”