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Hayw Investor Relations Hub is a one-stop-shop for all your financial news and updates. It's a game-changer for investors who want to stay informed about the latest market trends and company performance.
Hayw Investor Relations Hub provides real-time access to financial news and updates, making it easier for investors to make informed decisions. This platform is designed to keep investors ahead of the curve.
With Hayw Investor Relations Hub, investors can access a vast library of financial news and updates, including press releases, earnings reports, and more. This wealth of information helps investors stay up-to-date on the latest market developments.
Company Overview
Hayward Holdings Inc. is a company that has been around since the 1920s, making it a true pioneer in the industry.
Founded in the 1920s, Hayward has a rich heritage that has allowed it to consistently evolve and adapt to the changing needs of its customers.
The company specializes in producing a wide range of products that include pumps, filters, heaters, and sanitization equipment.
Hayward's focus on marrying technological advancements with practical, user-friendly solutions positions it as a market leader in the industry.
By understanding the intricacies of pool management, Hayward amplifies its revenue stream through the integration of cutting-edge technologies.
Its advancements in IoT for pools allow users to remotely manage their systems, reaffirming the brand's commitment to customer-centricity and industry leadership.
Hayward has strategically expanded its portfolio, optimizing its distribution network across the globe.
Financial Information
Hayward Holdings's revenue in 2023 was $992.45 million, a decrease of -24.48% from the previous year.
Their earnings were $80.69 million, a significant drop of -55.01% compared to the same period the year before.
The company's financial performance was impacted by a decline in revenue, but it's worth noting that a rating upgrade to a buy rating suggests a potential turnaround is on the horizon.
Financial Performance
Hayward Holdings saw a significant decline in revenue in 2023, with a decrease of -24.48% compared to the previous year.
Their revenue for 2023 was $992.45 million, a substantial drop from the $1.31 billion earned the year before.
Earnings took an even bigger hit, plummeting by -55.01% to $80.69 million.
This financial downturn is a notable shift for the company, and it will be interesting to see how they recover.
Analyst Forecast
The analyst forecast for HAYW stock is a crucial piece of information for investors. According to 4 analysts, the average rating for HAYW stock is "Hold".
These analysts have made predictions about the stock's future performance. The 12-month stock price forecast is $17.33, which is an increase of 16.00% from the latest price.
Some analysts are more optimistic about the stock's potential. One analyst has upgraded their rating to a buy rating, citing positive growth and a turnaround expected in FY24.
This analyst's upgrade is based on the company's 4Q23 results, which show signs of growth. The FY24 guidance suggests revenue growth and margin expansion, with potential for further increases.
Company News
Hayward Holdings Inc is a global leader in pool equipment and outdoor living technology, founded in the 1920s and consistently evolving its business to cater to residential and commercial pool owners.
The company specializes in producing a wide range of products, including pumps, filters, heaters, and sanitization equipment, with a focus on energy efficiency and smart technology.
Hayward Holdings has strategically expanded its portfolio, optimizing its distribution network across the globe, and amplifies its revenue stream through the integration of cutting-edge technologies.
The company's advancements in IoT for pools allow users to remotely manage their systems, reaffirming the brand's commitment to customer-centricity and industry leadership.
Hayward Holdings to Participate in Jefferies Conference
Hayward Holdings, a global leader in pool equipment and outdoor living technology, is participating in the Jefferies Industrials Conference in New York on September 5, 2024.
The company's management will be holding a fireside chat at 8:40 a.m. ET on the same day, providing an opportunity for stakeholders to gain insights into Hayward's business strategies and market position in the pool equipment industry.
Investors and interested parties can access a live webcast of the fireside chat through Hayward's investor relations website.
Hayward's participation in the conference underscores its commitment to engaging with the investment community and showcasing its innovative products and technologies in the outdoor living sector.
Hayward Holdings Launches
Hayward Holdings, a global designer, manufacturer, and marketer of pool equipment and associated automation systems, has launched an initial public offering.
The company has commenced an initial public offering of 40,277,778 shares of its common stock.
Hayward is offering 22,200,000 shares, while existing stockholders are offering 18,077,778 shares.
The initial public offering price is estimated to be between $17.00 and $19.00 per share.
The underwriters have a 30-day option to purchase up to an additional 6,041,666 shares of common stock at the initial public offering price, less the underwriting discount.
Hayward intends to use the net proceeds from the offering to repay outstanding indebtedness under its senior secured credit facilities.
BofA Securities, Goldman Sachs & Co. LLC, and Nomura are acting as joint lead bookrunning managers for the offering.
Hayward has applied to list its common stock on the New York Stock Exchange under the ticker symbol “HAYW.”
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