Key Highlights:

  • Net Sales came in at USD 318.4 million, representing a 6% increase year over year driven by price realization.
  • Adjusted Diluted EPS totaled USD 0.26, an 8% increase year over year reflecting disciplined execution and effective cost management.
  • Full Year 2026 Sales Guidance stood at Approximately 5% growth, supported by the resilience of the installed base aftermarket.
  • North America Net Sales was reported at USD 277.7 million, growing 9% year over year due to a 7% contribution.

Hayward Holdings, Inc. (NYSE:HAYW) is scheduled to report third quarter results on Wednesday, Oct. 28, before the market open. Consensus estimates call for adjusted earnings per share of USD 0.15 on revenue of USD 251.80 million, against a market capitalization of USD 2.72 billion.

In the most recently reported quarter, Net Sales came in at USD 318.4 million, representing a 6% increase year over year driven by price realization and favorable foreign currency translation. Adjusted Diluted EPS totaled USD 0.26, an 8% increase year over year reflecting disciplined execution and effective cost management.

Europe & Rest of World Net Sales and Other Business Trends

Europe & Rest of World Net Sales came in at USD 40.7 million, declining 8% year over year as geopolitical disruption in the Middle East offset positive price contributions. Gross Profit Margin totaled 48.7%, a decrease of 50 basis points from the prior-year period due to incremental inflation in metals, freight, and resin costs. Net Leverage stood at 1.5x, the lowest level since the 2021 initial public offering, down from 2.1x in the prior-year period. Share Repurchases was reported at USD 64 million, representing 4.4 million shares repurchased during the first half of 2026.

What Management Guided

Full Year 2026 Adjusted Diluted EPS Guidance came in at USD 0.84 to USD 0.87, representing projected growth of 9% to 13% for the fiscal year. Free Cash Flow Guidance totaled Approximately USD 200 million for the full year, expected to exceed 100% of net income. Capital Expenditures Guidance stood at Approximately USD 40 million for the full year to support operational capability upgrades. Interest Expense Guidance was reported at Approximately USD 45 million for the full year, reflecting the benefits of the recent refinancing.

Debt Refinancing and Capital Position

Debt Refinancing came in at USD 960 million amended Term Loan B, extending maturity to 2033 and reducing annual run-rate interest expense by approximately USD 6 million. New Product Vitality totaled 23%, reflecting the impact of increased investment in research, development, and engineering. Commercial Pool and Industrial Flow Control stood at Double-digit growth in the first half of 2026, driven by solid demand in discretionary categories. Adjusted EBITDA was reported at USD 92.7 million, a 5% increase year over year with a margin of 29.1%. Liquidity came in at Over USD 900 million, comprised of USD 483.4 million in cash and short-term investments plus availability under a new USD 425 million cash flow revolver.

U.S. Manufacturing and Additional Detail

U.S. Manufacturing came in at 90% of products sold in the United States are manufactured or assembled in domestic centers of excellence. Channel Inventory totaled Approximately four months of inventory, which management noted is consistent with seasonal patterns and historical levels. Effective Tax Rate stood at 23% in the second quarter, with a full-year normalized expectation of approximately 24%. IEEPA Refunds was reported at USD 8 million to USD 10 million in projected refunds, with the first tranche received in the third quarter.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: Full Year 2026 Sales Guidance came in at Approximately 5% growth, supported by the resilience of the installed base aftermarket.