Hayward reports Q3 adjusted EPS 14c, consensus 12c

Reports Q3 revenue $244.34M, consensus $231.51M. “I am pleased to report third quarter results ahead of expectations, marking another quarter of strong execution by our global team”, said Kevin Holleran, Hayward’s (HAYW) president and CEO. “Our performance reflects the resiliency of our aftermarket model and continued traction in our strategic initiatives. Net sales increased 7% year-over-year with growth across both the North America and Europe and Rest of World segments. We delivered further solid margin expansion, driven by increased operational efficiencies, tariff mitigation actions, and disciplined cost management. Cash flow generation was robust, enabling us to further strengthen the balance sheet and reduce net leverage to 1.8x, the lowest level in over three years. As a result of our strong year-to-date performance and solid participation in our early buy programs, we are increasing our full year guidance. We remain focused on profitable growth and long-term shareholder value creation, and our investments in innovation, customer experience, and operational excellence are driving positive results.”