Hayward (HAYW) Q3 2026 Earnings Call Transcript

Hayward Holdings' (HAYW) stock price rose 10.4% since late September 2023, while its price-to-earnings multiple fell from 45.9 to 19.5. Profit grew to $170 million over the latest twelve months, up 2.6 times from three years ago. Management attributes sales growth to higher prices and volumes, with 90% of revenue from residential pool products. The multiple decline reflects profit growth, not a share price drop, and is now below the S&P 500's 22.8.

Hayward Holdings (HAYW) stock rose 13.51% after reporting a 6% YoY sales increase to $260M in Q3. Net income grew 23% to $39M, with EPS up 29% to $0.18. The company projects 5-6% sales growth and 12-14% EPS growth for 2026, citing strong aftermarket demand and technology adoption.

Hayward Holdings reported 6% net sales growth in Q3 2026, driven by price realization and volume increases, with aftermarket sales exceeding 85% of total sales. The company raised full-year 2026 guidance to 5-6% growth, citing strong demand and share gains. EPS grew 29% due to cost management. Management noted inventory tightening but assured it reflects prudent management, not demand slowdown.

Hayward Holdings (HAYW) reported Q3 2026 earnings with North America growth offset by declines in Europe and other regions. Q4 guidance expects flat to 3% sales growth. Inflation pressures persist, and cash flow decreased. CEO Kevin Holleran highlighted inventory management and share gains in key product categories. CFO Eifion Jones discussed cost inflation, pricing strategies, and capital allocation priorities, including buybacks and M&A.

Hayward Holdings (HAYW) shares rose 11% after Q3 earnings beat estimates and raised 2026 guidance. Revenue increased 6% to $260.1M, with adjusted EPS up 29% to $0.18. North American orders for 2027 are ahead of last year, while European sales fell 6% due to Middle East conflicts. Operating cash flow declined $57.5M year-to-date.

Hayward (HAYW) reported Q3 consolidated gross margin expansion of 10 basis points and adjusted EBITDA growth of 9% to $65 million. The company expects mid- to slightly above mid-single-digit inflation for the full year. Europe sales declined 6% due to shipment timing, while rest-of-world sales increased 6%. Hayward ended the quarter with $475 million in cash equivalents and repurchased $115 million of shares year to date.