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Investors with an interest in Electronics - Miscellaneous Products stocks have likely encountered both Hayward Holdings, Inc. (HAYW) and Madison Air Solutions Corporation (MAIR). But which of these two stocks offers value investors a better bang for their buck right now?

BlackRock Inc. acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,405,259 shares of the company’s stock, valued at approximately $422,455,000. BlackRock Inc. owned about 11.51% of Hayward at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAYW. Hantz Financial Services Inc. raised its holdings in shares of Hayward by 80.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the period. IFP Advisors Inc boosted its holdings in Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock valued at $38,000 after acquiring an additional 1,265 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Hayward during the 4th quarter valued at $39,000. Farther Finance Advisors LLC grew its position in Hayward by 669.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company’s stock valued at $57,000 after acquiring an additional 3,233 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Hayward by 149.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after acquiring an additional 2,814 shares during the last quarter.

Insiders Place Their Bets In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $15.31, for a total transaction of $765,500.00. Following the completion of the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at approximately $10,735,892.54. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 272,389 shares of company stock worth $4,415,044 over the last 90 days. 4.73% of the stock is owned by company insiders.

Hayward Price Performance NYSE HAYW opened at $14.49 on Wednesday. The company has a market cap of $3.07 billion, a PE ratio of 19.59, a P/E/G ratio of 1.33 and a beta of 1.09. The firm’s 50 day moving average price is $15.40 and its 200-day moving average price is $14.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. Hayward Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.73. Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The company had revenue of $318.38 million during the quarter, compared to the consensus estimate of $303.35 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Hayward’s revenue for the quarter was up 6.3% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth Several research firms have recently weighed in on HAYW. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.50.

Check Out Our Latest Research Report on HAYW

Hayward Company Profile (Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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Posted by Defense World Staff on Aug 15th, 2026

Bank of America Corp DE lessened its holdings in shares of Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 24.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,513,843 shares of the company’s stock after selling 793,955 shares during the quarter. Bank of America Corp DE owned approximately 1.16% of Hayward worth $33,635,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hantz Financial Services Inc. boosted its position in Hayward by 80.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock worth $32,000 after acquiring an additional 916 shares during the last quarter. IFP Advisors Inc raised its holdings in Hayward by 103.9% in the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock valued at $38,000 after acquiring an additional 1,265 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Hayward in the 4th quarter valued at about $39,000. Farther Finance Advisors LLC lifted its stake in Hayward by 669.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company’s stock worth $57,000 after purchasing an additional 3,233 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Hayward by 149.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock worth $65,000 after purchasing an additional 2,814 shares during the last quarter.

Hayward Stock Down 0.8% Shares of NYSE HAYW opened at $15.16 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.33 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $15.38 and its two-hundred day moving average is $15.03. Hayward Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.73. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.41 and a beta of 1.09.

Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Hayward had a return on equity of 11.61% and a net margin of 13.83%.The business had revenue of $318.38 million during the quarter, compared to analysts’ expectations of $303.35 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Research analysts predict that Hayward Holdings, Inc. will post 0.87 EPS for the current year.

Insider Transactions at Hayward In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $15.31, for a total transaction of $765,500.00. Following the sale, the chief executive officer directly owned 701,234 shares in the company, valued at $10,735,892.54. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 272,389 shares of company stock worth $4,415,044 in the last 90 days. 4.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes Several research firms have recently commented on HAYW. Bank of America reduced their price target on Hayward from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. KeyCorp restated a “sector weight” rating on shares of Hayward in a research report on Monday, July 20th. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Read Our Latest Report on Hayward

Hayward Company Profile (Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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Investors interested in stocks from the Electronics - Miscellaneous Products sector have probably already heard of Hayward Holdings, Inc. (HAYW) and Hoya Corp. (HOCPY). But which of these two stocks is more attractive to value investors?

Hayward Holdings, Inc. (HAYW) Q2 2026 Earnings Call Transcript

Posted by Defense World Staff on Jul 29th, 2026

Fifth Third Bancorp lifted its stake in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 4,863.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,333 shares of the company’s stock after purchasing an additional 48,339 shares during the period. Fifth Third Bancorp’s holdings in Hayward were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAYW. R Squared Ltd lifted its position in shares of Hayward by 34.0% during the 1st quarter. R Squared Ltd now owns 17,142 shares of the company’s stock valued at $229,000 after buying an additional 4,354 shares in the last quarter. Argos Wealth Advisors LLC increased its holdings in Hayward by 7.7% in the 1st quarter. Argos Wealth Advisors LLC now owns 61,572 shares of the company’s stock worth $824,000 after acquiring an additional 4,400 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Hayward by 10.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 33,788 shares of the company’s stock worth $452,000 after acquiring an additional 3,171 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Hayward during the 1st quarter worth approximately $1,184,000. Finally, Steph & Co. raised its stake in Hayward by 134.8% during the 1st quarter. Steph & Co. now owns 6,131 shares of the company’s stock worth $82,000 after acquiring an additional 3,520 shares during the period.

Analyst Ratings Changes Several brokerages have recently commented on HAYW. Zacks Research downgraded Hayward from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded Hayward from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Cantor Fitzgerald reissued a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Bank of America dropped their price target on Hayward from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $15.00 target price (down from $16.00) on shares of Hayward in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Hayward presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Check Out Our Latest Analysis on HAYW

Hayward Stock Performance NYSE HAYW opened at $15.11 on Wednesday. The company has a market cap of $3.28 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.47 and a current ratio of 3.26. The business’s 50 day moving average price is $14.98 and its 200-day moving average price is $15.11. Hayward Holdings, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $17.73.

Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $255.22 million for the quarter, compared to the consensus estimate of $239.13 million. Hayward had a net margin of 13.98% and a return on equity of 11.45%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Sell-side analysts predict that Hayward Holdings, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets In related news, SVP Susan M. Canning purchased 2,242 shares of Hayward stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $12.76 per share, with a total value of $28,607.92. Following the purchase, the senior vice president directly owned 103,837 shares of the company’s stock, valued at approximately $1,324,960.12. This represents a 2.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran sold 120,000 shares of Hayward stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total transaction of $2,073,600.00. Following the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at $12,117,323.52. This represents a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 222,389 shares of company stock worth $3,649,544. Insiders own 4.73% of the company’s stock.

Hayward Company Profile (Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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Posted by Defense World Staff on Jul 29th, 2026

Bank of New York Mellon Corp lowered its stake in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,602,908 shares of the company’s stock after selling 51,232 shares during the period. Bank of New York Mellon Corp owned 0.74% of Hayward worth $21,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Hayward by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 20,933,077 shares of the company’s stock worth $323,416,000 after purchasing an additional 105,472 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Hayward during the fourth quarter valued at approximately $1,744,000. Fiduciary Management Inc. WI raised its holdings in Hayward by 13.2% in the 4th quarter. Fiduciary Management Inc. WI now owns 9,089,866 shares of the company’s stock worth $140,438,000 after purchasing an additional 1,063,380 shares during the period. Intech Investment Management LLC grew its stake in shares of Hayward by 371.8% during the 4th quarter. Intech Investment Management LLC now owns 150,651 shares of the company’s stock valued at $2,328,000 after acquiring an additional 118,720 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Hayward in the fourth quarter worth $2,933,000.

Wall Street Analysts Forecast Growth A number of analysts have issued reports on HAYW shares. Weiss Ratings downgraded shares of Hayward from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Zacks Research downgraded shares of Hayward from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Bank of America lowered their target price on shares of Hayward from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, April 20th. KeyCorp restated a “sector weight” rating on shares of Hayward in a report on Monday, July 20th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $15.00 target price (down from $16.00) on shares of Hayward in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Hayward presently has an average rating of “Hold” and an average target price of $17.50.

View Our Latest Stock Analysis on Hayward

Insiders Place Their Bets In related news, SVP Susan M. Canning purchased 2,242 shares of Hayward stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $12.76 per share, for a total transaction of $28,607.92. Following the transaction, the senior vice president directly owned 103,837 shares in the company, valued at approximately $1,324,960.12. This trade represents a 2.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 120,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $17.28, for a total value of $2,073,600.00. Following the completion of the transaction, the chief executive officer owned 701,234 shares in the company, valued at $12,117,323.52. The trade was a 14.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 222,389 shares of company stock valued at $3,649,544 over the last 90 days. 4.73% of the stock is currently owned by company insiders.

Hayward Price Performance NYSE:HAYW opened at $15.11 on Wednesday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.53 and a beta of 1.07. Hayward Holdings, Inc. has a one year low of $12.93 and a one year high of $17.73. The firm’s fifty day moving average is $14.98 and its two-hundred day moving average is $15.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.47 and a current ratio of 3.26.

Hayward (NYSE:HAYW – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Hayward had a return on equity of 11.45% and a net margin of 13.98%.The company had revenue of $255.22 million during the quarter, compared to analysts’ expectations of $239.13 million. During the same period last year, the business earned $0.10 earnings per share. Hayward’s quarterly revenue was up 11.5% on a year-over-year basis. Research analysts expect that Hayward Holdings, Inc. will post 0.85 EPS for the current year.

Hayward Profile (Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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Wall Street expects a year-over-year increase in earnings on higher revenues when Hayward Holdings, Inc. (HAYW - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +4.2%.

Revenues are expected to be $315.5 million, up 5.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Hayward Holdings?For Hayward Holdings, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.35%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Hayward Holdings will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Hayward Holdings would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of +18.18%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Hayward Holdings doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Electronics - Miscellaneous Products industry, Teradyne (TER - Free Report) , is soon expected to post earnings of $2.04 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +257.9%. Revenues for the quarter are expected to be $1.22 billion, up 86.4% from the year-ago quarter.

The consensus EPS estimate for Teradyne has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.59%.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Teradyne will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Hayward, CA.

Hayward Holdings (HAYW) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Posted by Defense World Staff on Apr 3rd, 2026

Hayward Holdings, Inc. (NYSE:HAYW – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.8333.

A number of equities research analysts have recently commented on HAYW shares. Jefferies Financial Group reiterated a “hold” rating and set a $15.00 target price (down from $16.00) on shares of Hayward in a research note on Tuesday. Zacks Research upgraded shares of Hayward from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.50 price objective (up from $19.00) on shares of Hayward in a research report on Thursday, February 26th. Bank of America upgraded shares of Hayward from an “underperform” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Friday, March 6th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th.

Check Out Our Latest Stock Report on Hayward

Hayward Trading Down 0.9% NYSE HAYW opened at $13.38 on Tuesday. The company has a current ratio of 2.94, a quick ratio of 2.29 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $15.62. Hayward has a 12 month low of $11.10 and a 12 month high of $17.73. The firm has a market capitalization of $2.91 billion, a P/E ratio of 19.67, a PEG ratio of 1.35 and a beta of 1.18.

Hayward (NYSE:HAYW – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Hayward had a net margin of 13.51% and a return on equity of 11.27%. The firm had revenue of $349.38 million for the quarter, compared to the consensus estimate of $332.84 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.820-0.860 EPS. On average, analysts predict that Hayward will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets In other Hayward news, CFO Eifion Jones sold 15,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $14.57, for a total value of $218,550.00. Following the sale, the chief financial officer directly owned 316,100 shares in the company, valued at $4,605,577. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Holleran sold 52,389 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $13.42, for a total value of $703,060.38. Following the transaction, the chief executive officer owned 701,234 shares of the company’s stock, valued at $9,410,560.28. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 224,557 shares of company stock valued at $3,424,249 over the last three months. Company insiders own 5.06% of the company’s stock.

Institutional Trading of Hayward Hedge funds and other institutional investors have recently modified their holdings of the business. Covestor Ltd increased its position in shares of Hayward by 10,452.9% in the third quarter. Covestor Ltd now owns 1,794 shares of the company’s stock worth $27,000 after purchasing an additional 1,777 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Hayward by 80.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock valued at $32,000 after purchasing an additional 916 shares during the last quarter. GAMMA Investing LLC grew its stake in Hayward by 82.4% in the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the company’s stock worth $34,000 after buying an additional 986 shares in the last quarter. IFP Advisors Inc grew its stake in Hayward by 103.9% in the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock worth $38,000 after buying an additional 1,265 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Hayward in the 4th quarter worth $39,000.

About Hayward (Get Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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Investors looking for stocks in the Electronics - Miscellaneous Products sector might want to consider either Hayward Holdings, Inc. (HAYW - Free Report) or Hoya Corp. (HOCPY - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Hayward Holdings, Inc. and Hoya Corp. are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that HAYW's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

HAYW currently has a forward P/E ratio of 15.69, while HOCPY has a forward P/E of 35.98. We also note that HAYW has a PEG ratio of 1.34. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. HOCPY currently has a PEG ratio of 2.51.

Another notable valuation metric for HAYW is its P/B ratio of 1.82. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, HOCPY has a P/B of 8.69.

These metrics, and several others, help HAYW earn a Value grade of B, while HOCPY has been given a Value grade of D.

HAYW has seen stronger estimate revision activity and sports more attractive valuation metrics than HOCPY, so it seems like value investors will conclude that HAYW is the superior option right now.

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward” or the “Company”), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its first quarter 2026 earnings results on Wednesday, April 29, 2026. Following the earnings release, the Company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day.

Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relations section of the Company’s website prior to the conference call.

The conference call may also be accessed by dialing (877) 423-9813 or (201) 689-8573 or by clicking on this link for telephone access to the live call.

For those unable to listen to the live conference call, a replay will be available approximately three hours after the call through the Investor Relations section of the Company’s website or by dialing (844) 512-2921, or (412) 317-6671. The access code for the replay is 13759829. The replay will be available until 11:59 p.m. Eastern Time on May 13, 2026.

About Hayward Holdings, Inc.

Hayward Holdings, Inc. (NYSE: HAYW) is a leading global specialty water management company focused on designing and manufacturing pool and outdoor living technology and industrial flow control products. Driven by a mission to transform the experience of water, Hayward offers a comprehensive portfolio of energy‑efficient and sustainable pool equipment—including pumps, heaters, sanitizers, filters, LED lighting, water features, and cleaners—integrated through its intuitive, IoT‑enabled SmartPad™ platform. The Company also provides industrial thermoplastic valves and process control products serving a wide range of applications.

More News From Hayward Holdings, Inc.

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Hayward Holdings (HAYW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward,” the “Company,” “we,” “us,” or “our”), a leading global specialty water management company focused on designing and manufacturing pool and outdoor living technology and industrial flow control products, today announced financial results for the first quarter of fiscal year 2026, ended March 28, 2026. Comparisons are to financial results for the prior-year first fiscal quarter.

CEO COMMENTS

“Hayward delivered an outstanding first quarter highlighted by double-digit net sales growth and increased profitability,” said Kevin Holleran, Hayward’s President and Chief Executive Officer. “Net sales increased 12% year-over-year, primarily driven by further strong price realization and positive volume growth, underscoring the strength of our predominantly installed base aftermarket business model and disciplined execution of our strategic initiatives. We achieved another quarter of margin expansion while making targeted investments in new product innovation and customer service. Based on our strong start to the year, we are increasing our full year guidance and remain confident in our ability to deliver continued profitable growth and stockholder value.”

FIRST QUARTER FISCAL 2026 CONSOLIDATED RESULTS

Net sales increased by 12% to $255.2 million for the first quarter of fiscal 2026. The increase in net sales during the quarter was driven by positive net price to offset inflation and tariffs, the favorable impact from foreign currency translation, and an increase in volume.

Gross profit increased by 13% to $118.7 million for the first quarter of fiscal 2026. Gross profit margin increased by 50 basis points to 46.5% primarily due to positive net price and operating efficiencies, partially offset by an increase in cost of sales driven by tariffs and inflation.

Selling, general, and administrative expense (“SG&A”) increased by 10% to $62.6 million for the first quarter of fiscal 2026. The increase in SG&A was mainly attributable to the timing of certain sales expenses during the year, incremental advertising expense for trade shows and new customers, and increased software costs. As a percentage of net sales, SG&A decreased to 24.5% for the first quarter of fiscal 2026 as compared to 24.9% in the prior-year period, a decrease of 40 basis points, as the growth in net sales exceeded the growth in SG&A.

Research, development, and engineering expense (“RD&E”) increased by 13% to $6.8 million for the first quarter of fiscal 2026. The increase was primarily driven by investments in new product development and new product performance improvements. As a percentage of net sales, RD&E remained relatively consistent as 2.6% for both the first quarters of fiscal 2026 and 2025.

Operating income increased by 27% to $42.5 million for the first quarter of fiscal 2026, due to the aggregated effects of the items described above. Operating income as a percentage of net sales was 16.6% for the first quarter of fiscal 2026, a 200 basis point increase compared to 14.6% in the prior-year period.

Interest expense, net, decreased by 16% to $11.5 million for the first quarter of fiscal 2026, primarily due to higher interest income on cash deposits and decreased net interest expense on bank debt.

Net income increased by 63% to $23.4 million for the first quarter of fiscal 2026. Net income margin increased by 290 basis points to 9.2%. Adjusted net income* increased by 35% to $29.8 million for the first quarter of fiscal 2026. Adjusted net income margin* increased by 200 basis points to 11.7%.

Adjusted EBITDA* increased by 15% to $56.4 million for the first quarter of fiscal 2026 compared to $49.1 million in the prior-year period. Adjusted EBITDA margin* increased by 60 basis points to 22.1%.

Diluted EPS increased by 83% to $0.11 for the first quarter of fiscal 2026. Adjusted diluted EPS* increased by 30% to $0.13 for the first quarter of fiscal 2026.

FIRST QUARTER FISCAL 2026 SEGMENT RESULTS

North America (“NAM”)

Net sales increased by 12% to $209.8 million for the first quarter of fiscal 2026. The increase was driven by positive net price to offset inflation and tariffs, an increase in volume, and the favorable impact from foreign currency translation.

Segment income increased by 16% to $50.5 million for the first quarter of fiscal 2026. Adjusted segment income* increased by 13% to $57.3 million.

Europe & Rest of World (“E&RW”)

Net sales increased by 9% to $45.4 million for the first quarter of fiscal 2026. The increase was primarily due to the favorable impact of foreign currency translation and positive net price, partially offset by a modest decrease in volume.

Segment income increased by 27% to $8.3 million for the first quarter of fiscal 2026. Adjusted segment income* increased by 26% to $8.8 million.

BALANCE SHEET AND CASH FLOW

As of March 28, 2026, Hayward had cash and cash equivalents of $135.8 million, short-term investments of $94.9 million and $186.6 million available for future borrowings under its revolving credit facilities. Net cash used in operating activities for the three months ended March 28, 2026 increased by $144.8 million from the three months ended March 29, 2025. The increase in cash used was primarily driven by higher accounts receivable, largely because there were no sales under the Receivables Purchase Agreement in the current period, whereas the prior year period included the sale of $100.0 million of accounts receivable.

OUTLOOK

Hayward is increasing its full year 2026 guidance reflecting continued sales and earnings growth driven by solid execution across the organization, positive price realization and continued technology adoption. For Fiscal Year 2026, Hayward now expects net sales to increase approximately 5% from Fiscal Year 2025, compared to our prior guidance of approximately 4%. We now expect adjusted diluted earnings per share* of $0.84 to $0.87, an increase of approximately 9% to 13% from Fiscal Year 2025, compared to our prior guidance of $0.82 to $0.86.

Hayward is excited about the long-term dynamics of the pool industry. The installed base of pools increases every year, providing continued growth opportunities, and the Company benefits from favorable secular demand trends in outdoor living, sunbelt migration, and technology adoption. Hayward continues to leverage its competitive advantages and drive increasing adoption of its leading SmartPad™ pool equipment products both in new construction and the aftermarket, which represents approximately 85% of net sales. Hayward is confident in its long-term outlook for profitable growth and robust cash flow generation, driven by its technology leadership, operational excellence, strong brand and installed base, and multi-channel capabilities.

Please see the Forward-Looking Statements section of this release for a discussion of certain risks relevant to Hayward’s outlook.

CONFERENCE CALL INFORMATION

Hayward will hold a conference call to discuss the results today, April 29, 2026 at 9:00 a.m. (ET).

Interested investors and other parties can listen to a webcast of the live conference call by logging on to the Investor Relations section of the Company’s website at https://investor.hayward.com/events-and-presentations/default.aspx. An earnings presentation will be posted to the Investor Relations section of the Company’s website prior to the conference call.

The conference call can also be accessed by dialing (877) 423-9813 or (201) 689-8573.

For those unable to listen to the live conference call, a replay will be available approximately three hours after the call through the archived webcast on the Hayward website or by dialing (844) 512-2921 or (412) 317-6671. The access code for the replay is 13759829. The replay will be available until 11:59 p.m. Eastern Time on May 13, 2026.

ABOUT HAYWARD HOLDINGS, INC.

Hayward Holdings, Inc. (NYSE: HAYW) is a leading global specialty water management company focused on designing and manufacturing pool and outdoor living technology and industrial flow control products. Driven by a mission to transform the experience of water, Hayward offers a comprehensive portfolio of energy‑efficient and sustainable pool equipment—including pumps, heaters, sanitizers, filters, LED lighting, water features, and cleaners—integrated through its intuitive, IoT‑enabled SmartPad™ platform. The Company also provides industrial thermoplastic valves and process control products serving a wide range of applications.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This earnings release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) and rules and regulations of the Securities and Exchange Commission (“SEC”). Forward-looking statements include, without limitation, statements regarding our plans, strategies, objectives, expectations, intentions, outlook, expenditures, guidance, targets, and assumptions, as well as other statements that are not historical facts. Forward-looking statements are based on management’s current beliefs, assumptions, expectations, and information available at the time the statements are made. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. These statements are made in reliance upon the safe harbor provisions of the Act. However, forward-looking statements are subject to risks, uncertainties, and other factors, many of which are beyond our control, that could cause actual results to differ materially from those expressed or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements. We undertake no obligation to publicly update, revise, or correct any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable federal securities laws. Forward-looking statements should be read in conjunction with the risk factors and other cautionary statements, including those described under the heading "Risk Factors" in our most recent Annual Report on Form 10-K and other filings with the SEC.

Important factors that could cause actual results to differ materially include, but are not limited to, the following:

our business depends on the performance of distributors, builders, buying groups, retailers and servicers; the demand for our products may be adversely affected by unfavorable economic and business conditions; we operate in markets with high levels of competition; our future success depends on developing, manufacturing and attaining market adoption of new products and maintaining product quality and reliability; our ability to keep pace with rapidly evolving technological developments and standards, including artificial intelligence , and effectively develop and deploy such technologies; our results of operations and cash flows may fluctuate from quarter to quarter; a loss of, or material cancellation, reduction or delay in purchases by one or more of our largest customers; our exposure to credit risk on our accounts receivable; risks arising from our international business operations; past growth may not be indicative of future growth; our inability to identify, finance and complete suitable acquisitions; negative impacts of litigation and other claims; future impairment of our goodwill and intangible assets; exchange rate fluctuations, cost increases and other inflation, changes in our effective tax rate or exposure to additional income tax liabilities; our ability to attract, develop and retain highly qualified personnel, including key members of management; disruptions in the financial markets; significant disruption or breach of our technology infrastructure or that of our vendors or third parties, or failure to maintain the security of confidential information; difficulties in operating or implementing the new ERP system or human resources information system; misuse of our technology-enabled products; failure to maintain an effective system of internal controls; dependence on key suppliers, including single-source suppliers and sole-source suppliers; ability to manage product inventory in an effective and efficient manner; product manufacturing disruptions, including as a result of catastrophic or other events beyond our control; tariffs and other trade restrictions and the cost of raw materials; compliance with, and potential liabilities under, employment, environmental, health, transportation, safety and other governmental laws and regulations; risks related to our handling of personal information; our employees, commercial partners and vendors may engage in misconduct or other improper activities; violations of the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act, and other anti-corruption laws; our failure to comply with international trade compliance regulations, and changes in U.S. government sanctions; changes in laws, regulations, government policies or regulatory interpretations; climate change and legal or regulatory responses thereto, and increasing scrutiny from stakeholders on environmental, social and other sustainability matters; our ability to obtain, maintain and enforce our intellectual property and proprietary rights; protection of our trademarks or trade names; our reliance on access to intellectual property owned by third parties; claims that our employees, consultants or advisors have wrongfully used or disclosed alleged trade secrets or other proprietary information or claims asserting ownership of intellectual property that we regard as our own; our ability to enforce our intellectual property rights in all jurisdictions; other risks related to our indebtedness, corporate structure and ownership of our common stock; and other factors described in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025. Many of these factors are beyond our control. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, actual results, performance, or achievements may differ materially from those expressed or implied by forward-looking statements in this earnings release. The forward-looking statements included in this earnings release speak only as of the date of this release.

*NON-GAAP FINANCIAL MEASURES

This earnings release includes certain financial measures not presented in accordance with the generally accepted accounting principles in the United States (“GAAP”), including adjusted net income, adjusted net income margin, adjusted basic EPS, adjusted diluted EPS, EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted segment income and adjusted segment income margin. These financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Hayward believes these non-GAAP measures provide analysts, investors and other interested parties with additional insight into the underlying trends of its business and assist these parties in analyzing the Company’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance, which allows for a better comparison against historical results and expectations for future performance. Management uses these non-GAAP measures to understand and compare operating results across reporting periods for various purposes including internal budgeting and forecasting, short and long-term operating planning, employee incentive compensation, and debt compliance. These measures should not be considered in isolation or as an alternative to net income, segment income or other measures of profitability, performance or financial condition under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. See the appendix for a reconciliation of historical non-GAAP measures to the most directly comparable GAAP measures.

Reconciliation of full fiscal year 2026 adjusted diluted earnings per share outlook to diluted earnings per share is not being provided, as Hayward does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation. The outlook for adjusted diluted earnings per share for full year 2026 is calculated in a manner consistent with the historical presentation of these measures, as shown in the appendix.

  Hayward Holdings, Inc.

Unaudited Condensed Consolidated Balance Sheets

(Dollars in thousands. except per share data)

  March 28, 2026

December 31, 2025

Assets

Current assets

Cash and cash equivalents

$

135,794

$

329,648

Short-term investments

94,935

69,462

Accounts receivable, net of allowances of $1,614 and $1,931, respectively

430,878

280,161

Inventories, net

229,032

210,739

Prepaid expenses

14,702

19,500

Income tax receivable

—

656

Other current assets

42,927

41,080

Total current assets

948,268

951,246

Property, plant, and equipment, net of accumulated depreciation of $130,634 and $125,807, respectively

165,466

164,560

Goodwill

949,778

951,197

Trademark

736,000

736,000

Customer relationships, net

172,865

178,126

Other intangibles, net

85,854

88,899

Other non-current assets

77,352

80,956

Total assets

$

3,135,583

$

3,150,984

Liabilities and Stockholders’ Equity

Current liabilities

Current portion of long-term debt

$

11,053

$

13,261

Accounts payable

86,097

77,007

Accrued expenses and other liabilities

178,408

224,222

Income taxes payable

15,231

8,754

Total current liabilities

290,789

323,244

Long-term debt, net

942,756

943,547

Deferred tax liabilities, net

227,734

227,449

Other non-current liabilities

62,570

63,736

Total liabilities

1,523,849

1,557,976

Stockholders’ equity

Preferred stock, $0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of March 28, 2026 and December 31, 2025

—

—

Common stock $0.001 par value, 750,000,000 authorized; 246,928,772 issued and 217,662,403 outstanding at March 28, 2026; 246,272,783 issued and 217,356,414 outstanding at December 31, 2025

247

247

Additional paid-in capital

1,113,530

1,109,522

Common stock in treasury; 29,266,369 and 28,916,369 at March 28, 2026 and December 31, 2025, respectively

(370,720

)

(363,182

)

Retained earnings

874,493

851,134

Accumulated other comprehensive loss

(5,816

)

(4,713

)

Total stockholders’ equity

1,611,734

1,593,008

Total liabilities and stockholders’ equity

$

3,135,583

$

3,150,984

  Hayward Holdings, Inc.

Unaudited Condensed Consolidated Statements of Operations

(Dollars in thousands, except per share data)

  Three Months Ended

March 28, 2026

March 29, 2025

Net sales

$

255,216

$

228,841

Cost of sales

136,515

123,588

Gross profit

118,701

105,253

Selling, general and administrative expense

62,586

56,995

Research, development and engineering expense

6,756

5,986

Acquisition and restructuring related expense

505

1,926

Amortization of intangible assets

6,366

6,835

Operating income

42,488

33,511

Interest expense, net

11,507

13,651

Loss on debt extinguishment

201

—

Other expense, net

666

1,179

Total other expense

12,374

14,830

Income from operations before income taxes

30,114

18,681

Provision for income taxes

6,755

4,348

Net income

$

23,359

$

14,333

Earnings per share

Basic

$

0.11

$

0.07

Diluted

$

0.11

$

0.06

Weighted average common shares outstanding

Basic

217,359,824

215,962,018

Diluted

222,423,409

221,851,399

  Hayward Holdings, Inc.

Unaudited Condensed Consolidated Statements of Cash Flows

(Dollars in thousands)

  Three Months Ended

March 28, 2026

March 29, 2025

Cash flows from operating activities

Net income

$

23,359

$

14,333

Adjustments to reconcile net income to net cash used in operating activities

Depreciation

5,949

6,263

Amortization of intangible assets

8,181

8,535

Amortization of deferred debt issuance fees

826

837

Stock-based compensation

3,624

2,935

Deferred income taxes (benefit)

(273

)

(709

)

Allowance for credit losses

(282

)

(5

)

Loss on sale/disposal of property, plant and equipment

689

11

Changes in operating assets and liabilities

Accounts receivable

(151,601

)

(13,931

)

Inventories

(18,915

)

(14,977

)

Other current and non-current assets

6,174

7,918

Accounts payable

9,220

13,519

Accrued expenses and other liabilities

(37,588

)

(30,579

)

Net cash used in operating activities

(150,637

)

(5,850

)

Cash flows from investing activities

Purchases of property, plant, and equipment

(7,132

)

(5,517

)

Software development costs

(152

)

(595

)

Proceeds from sale of property, plant, and equipment

—

1

Purchases of short-term investments

(84,880

)

—

Proceeds from short-term investments

60,000

—

Net cash used in investing activities

(32,164

)

(6,111

)

Cash flows from financing activities

Payments of long-term debt

(3,384

)

(590

)

Payments of short-term notes payable

—

(1,788

)

Purchase of common stock

(5,851

)

—

Taxes paid for net share settlement of equity awards

(1,687

)

(993

)

Other, net

(43

)

(364

)

Net cash used in financing activities

(10,965

)

(3,735

)

Effect of exchange rate changes on cash and cash equivalents

(88

)

440

Change in cash and cash equivalents

(193,854

)

(15,256

)

Cash and cash equivalents, beginning of period

329,648

196,589

Cash and cash equivalents, end of period

$

135,794

$

181,333

Supplemental disclosures of cash flow information:

Cash paid-interest

$

9,248

$

9,826

Cash paid-income taxes, net of refunds

(126

)

151

Non-cash investing and financing activities:

Accrued and unpaid purchases of property, plant, and equipment

1,891

2,232

Equipment financed under finance leases

—

103

Reconciliations

Consolidated Reconciliations
Net Income and Net Income Margin to Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (Non-GAAP)
Following is a reconciliation from net income and net income margin to adjusted EBITDA and adjusted EBITDA margin:

(Dollars in thousands)

Three Months Ended

March 28, 2026

March 29, 2025

Net income

$

23,359

$

14,333

Depreciation

5,949

6,263

Amortization

8,181

8,535

Interest expense, net

11,507

13,651

Income taxes

6,755

4,348

Loss on debt extinguishment

201

—

EBITDA

55,952

47,130

Stock-based compensation (a)

—

46

Currency exchange items (b)

(76

)

(6

)

Acquisition and restructuring related expense, net (c)

505

1,926

Other (d)

—

6

Total Adjustments

429

1,972

Adjusted EBITDA

$

56,381

$

49,102

Net income margin

9.2

%

6.3

%

Adjusted EBITDA margin

22.1

%

21.5

%

(a)

Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of Hayward’s initial public offering (the “IPO”).

(b)

Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

(c)

Adjustments in the three months ended March 28, 2026 were primarily driven by $0.5 million of costs related to termination benefits associated with the restructuring of several teams.

Adjustments in the three months ended March 29, 2025 were primarily driven by $1.7 million of transaction and integration costs associated with the acquisition of the business of ChlorKing HoldCo., LLC and related entities ("ChlorKing") and $0.2 million of separation costs for the consolidation of operations in North America.

(d)

Adjustments in the three months ended March 29, 2025 were primarily driven by losses on the sale of assets.

Following is a reconciliation from net income and net income margin to adjusted EBITDA and adjusted EBITDA margin for the last 12 months:

(Dollars in thousands)

Last Twelve Months(e)

Fiscal Year

March 28, 2026

December 31, 2025

Net income

$

160,596

$

151,570

Depreciation

22,521

22,835

Amortization

34,097

34,451

Interest expense, net

48,138

50,282

Income taxes

35,474

33,067

Loss on debt extinguishment

201

—

EBITDA

301,027

292,205

Stock-based compensation (a)

11

57

Currency exchange items (b)

9

79

Acquisition and restructuring related expense, net (c)

2,465

3,886

Other (d)

3,046

3,052

Total Adjustments

5,531

7,074

Adjusted EBITDA

$

306,558

$

299,279

Net income margin

14.0

%

13.5

%

Adjusted EBITDA margin

26.7

%

26.7

%

(a)

Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of the IPO.

(b)

Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

(c)

Adjustments in the last 12 months ended March 28, 2026 were primarily driven by $1.6 million of compensation expenses for the retention of key employees acquired in the ChlorKing acquisition. Pursuant to the ChlorKing acquisition agreement, the full amount held in escrow was released to the specified key employees if such employees were employed by Hayward on the one-year anniversary of the acquisition. These payments were contingent on continued employment and were not dependent on the achievement of any metric or performance measure. The retention costs were recognized over the 12-month period from the date of acquisition. Other adjustments include $0.5 million of costs related to termination benefits associated with the restructuring of several teams, $0.4 million of costs related to restructuring actions in E&RW and $0.2 million of other acquisition and integration costs, partially offset by a reduction in expense of $0.2 million to finalize the relocation of the Company's corporate office functions to Charlotte, North Carolina from Berkeley Heights, New Jersey.

Adjustments in the year ended December 31, 2025 were primarily driven by $3.1 million of compensation expenses for the retention of key employees acquired in the ChlorKing acquisition pursuant to the conditions in the acquisition agreement discussed above. Other adjustments for the year ended December 31, 2025 include $0.4 million of costs related to restructuring actions in E&RW, $0.3 million of separation costs for the consolidation of operations in North America and $0.2 million of other acquisition and integration costs, partially offset by a reduction in expense of $0.2 million to finalize the relocation of the Company's corporate office functions to Charlotte, North Carolina from Berkeley Heights, New Jersey.

(d)

Adjustments in the last 12 months ended March 28, 2026 were primarily driven by $4.3 million for the settlement in principle of the securities class action litigation. Expenses beyond the $4.3 million related to this case are subject to insurance recoveries pursuant to the Company’s retention amount with its insurance carriers. Other adjustments include $1.3 million of income from insurance proceeds related to flood damage associated with a hurricane at a contract manufacturing facility, partially offset by losses on the sale of assets.

Adjustments in the year ended December 31, 2025 were primarily driven by $4.3 million for the settlement in principle of the securities class action litigation. Expenses beyond the $4.3 million related to this case are subject to insurance recoveries pursuant to the Company’s retention amount with its insurance carriers. Other adjustments include $1.3 million of income from insurance proceeds related to flood damage associated with a hurricane at a contract manufacturing facility.

(e)

Items for the last 12 months ended March 28, 2026 were calculated by adding the items for the three months ended March 28, 2026 plus fiscal year ended December 31, 2025 and subtracting the items for the three months ended March 29, 2025.

Net Income, Net Income Margin and Diluted EPS to Adjusted Net Income, Adjusted Net Income Margin and Adjusted EPS Reconciliations (Non-GAAP)

Following is a reconciliation of net income and net income margin to adjusted net income and adjusted net income margin, and a reconciliation of earnings per share to adjusted earnings per share:

(Dollars in thousands, except per share data)

Three Months Ended

March 28, 2026

March 29, 2025

Net income

$

23,359

$

14,333

Tax adjustments (a)

(277

)

(182

)

Other adjustments and amortization:

Stock-based compensation (b)

—

46

Currency exchange items (c)

(76

)

(6

)

Acquisition and restructuring related expense, net (d)

505

1,926

Other (e)

—

6

Total other adjustments

429

1,972

Loss on debt extinguishment

201

—

Amortization

8,181

8,535

Tax effect (f)

(2,057

)

(2,548

)

Adjusted net income

$

29,836

$

22,110

Weighted average number of common shares outstanding, basic

217,359,824

215,962,018

Weighted average number of common shares outstanding, diluted

222,423,409

221,851,399

Basic EPS

$

0.11

$

0.07

Diluted EPS

$

0.11

$

0.06

Adjusted basic EPS

$

0.14

$

0.10

Adjusted diluted EPS

$

0.13

$

0.10

(a)

Tax adjustments for the three months ended March 28, 2026 reflected a normalized tax rate of 23.3% compared to the Company’s effective tax rate of 22.4%. The Company’s effective tax rate for the three months ended March 28, 2026 was primarily driven by tax benefits resulting from stock-based compensation. Tax adjustments for the three months ended March 29, 2025 reflected a normalized tax rate of 24.3% compared to the Company's effective tax rate of 23.3%. The Company’s effective tax rate for the three months ended March 29, 2025 primarily included the tax benefits resulting from stock-based compensation.

(b)

Represents non-cash stock-based compensation expense related to equity awards issued to management, employees, and directors. The adjustment includes only expense related to awards issued under the 2017 Equity Incentive Plan, which were awards granted prior to the effective date of the IPO.

(c)

Represents unrealized non-cash (gains) losses on foreign denominated monetary assets and liabilities and foreign currency contracts.

(d)

Adjustments in the three months ended March 28, 2026 were primarily driven by $0.5 million of costs related to termination benefits associated with the restructuring of several teams.

Adjustments in the three months ended March 29, 2025 were primarily driven by $1.7 million of transaction and integration costs associated with the acquisition of the business of ChlorKing HoldCo., LLC and related entities ("ChlorKing") and $0.2 million of separation costs for the consolidation of operations in North America.

(e)

Adjustments in the three months ended March 29, 2025 were primarily driven by losses on the sale of assets.

(f)

The tax effect represented the immediately preceding adjustments at the normalized tax rates as discussed in footnote (a) above.

Segment Reconciliations
Following is a reconciliation from segment income and segment income margin to adjusted segment income and adjusted segment income margin for the NAM and E&RW segments:

(Dollars in thousands)

Three Months Ended

Three Months Ended

March 28, 2026

March 29, 2025

NAM

E&RW

NAM

E&RW

Segment income

$

50,506

$

8,283

$

43,454

$

6,538

Depreciation

5,013

508

5,500

414

Amortization

1,816

—

1,700

—

Other (a)

—

—

3

—

Total adjustments

6,829

508

7,203

414

Adjusted segment income

$

57,335

$

8,791

$

50,657

$

6,952

Segment income margin %

24.1

%

18.2

%

23.2

%

15.7

%

Adjusted segment income margin %

27.3

%

19.4

%

27.1

%

16.6

%

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Hayward Holdings, Inc. (HAYW) Q1 2026 Earnings Call Transcript