HAYW Earnings Prediction
The chart below shows how HAYW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HAYW sees a -1.47% change in stock price 10 days leading up to the earnings, and a +1.78% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
HAYW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
227.57M
3.30%
-19.98%
Gross Margin
47.07%
5.94%
-3.09%
Operating Margin
16.02%
0.95%
-33.55%
Net Margin
7.25%
35.51%
-45.12%
EPS
0.07
40.00%
-58.82%
No Data Available
HAYW Earnings Analysis
Hayward Holdings, Inc. Corporation (HAYW.N) Earnings Conference Call
Positive
Net Sales Increase: Net sales increased 3% year-over-year in the third quarter to $228 million, driven by positive net price realization and the recent acquisition of ChlorKing.
Gross Margin Expansion: Gross profit margins expanded 190 basis points to 49.7%, representing the seventh consecutive quarter of year-over-year gross margin expansion.
Strong Cash Flow Performance: Cash flow generation was solid with cash from operations increasing 27% year-to-date, enabling us to fund our growth initiatives and reduce balance sheet leverage by more than a full turn on a year-over-year basis to 2.8x.
North American Sales Increase: North American net sales for the third quarter increased 5% to $195 million, driven by favorable pricing and the ChlorKing acquisition.
EBITDA Margin Improvement: Adjusted EBITDA margin in the third quarter increased 110 basis points year-over-year to 22.5%, and adjusted diluted EPS was $0.11.
Negative
Net Sales Increase: Net sales increased 3% year-over-year to $228 million, but were partially offset by lower volumes.
International Sales Decline: Net sales in Europe declined 7% and in the rest of the world by 11%, indicating a significant drop in international performance.
Gross Profit Margin Increase: Gross profit margin increased 190 basis points year-over-year to 49.7%, despite a diluted impact from the Chlor King acquisition accounting.
EBITDA Margin Improvement: Adjusted EBITDA margin in the third quarter increased 110 basis points year-over-year to 22.5%, but this was not enough to offset the overall decline in sales volumes.
Sales Growth Projection: The company expects net sales to increase approximately 3% to 5% for the full year 2024, which is lower than previous expectations.
HAYW FAQs
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HAYW Earning Call Sentiment
Hayward Holdings, Inc. (HAYW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HAYW.N
-1.32%Positive
The earnings call highlights strong financial performance with a 3% increase in net sales, improved margins, and a significant reduction in net debt-to-EBITDA ratio. The optimistic guidance for adjusted EBITDA and free cash flow, along with a share repurchase program, suggests positive sentiment. Despite economic and geopolitical challenges, the company's strategic initiatives and product innovations are well-received. The Q&A session reflects confidence in margin improvements and pricing strategies, though some uncertainties remain. Given the market cap, the stock is likely to experience a positive movement of 2% to 8%.
