Financial Performance - Net sales reached $244.3 million, a 7% year-over-year increase[10] - Adjusted EBITDA was $59.1 million, up 16% year-over-year[10] - Gross profit margin stood at 51.2%, an increase of 150 basis points year-over-year[10, 20] - Adjusted diluted EPS increased by 27% year-over-year to $0.14[10, 20] Segment Performance - North America net sales were $208.2 million, a 6.8% year-over-year increase, with a gross profit margin of 52.8%[23] - Europe & Rest of World net sales were $36.1 million, a 10.7% year-over-year increase, with a gross profit margin of 41.9%[24] Balance Sheet and Cash Flow - Net leverage decreased to 1.8x, the lowest level since Q4 2021[8, 26] - Free cash flow for the year-to-date reached $262 million, compared to $258 million in the same period of the previous year[28] Outlook - The company increased its full-year 2025 net sales outlook to between $1.095 billion and $1.110 billion, representing a growth of approximately 4% to 5.5% year-over-year[37] - The company increased its full-year 2025 adjusted EBITDA outlook to between $292 million and $297 million, representing a growth of approximately 5% to 7% year-over-year[37]

Core Insights - Hayward Holdings, Inc. reported third quarter financial results for the fiscal year 2025, exceeding expectations and demonstrating continued growth in the pool and outdoor living technology sector [1] Financial Performance - The company announced financial results for the third quarter ended September 27, 2025, with comparisons made to the prior-year third fiscal quarter [1] - Specific financial metrics were not detailed in the provided text, but the overall performance was characterized as ahead of expectations [1] Management Commentary - The CEO expressed satisfaction with the third quarter results, indicating a positive outlook for the company's performance [1]

Financial Performance - Hayward's Q2 2025 net sales reached $299.6 million, a 5% increase year-over-year[11] - The company achieved a record gross profit margin of 52.7% in Q2 2025, up 170 bps year-over-year[8, 11] - Adjusted EBITDA for Q2 2025 was $88.2 million, a 7% increase year-over-year, with an adjusted EBITDA margin of 29.5%, up 50 bps[11] - Adjusted diluted EPS increased by 14% year-over-year to $0.24[11, 19] Segment Performance - North America net sales were $255.2 million, a 5.8% increase year-over-year, with a gross profit margin of 55.1%[22] - Europe & Rest of World net sales were $44.4 million, a 2.7% increase year-over-year, with a gross profit margin of 38.9%[23] Financial Position and Outlook - Net leverage was reduced to 2.1x, the lowest level since Q1 2022[8, 25] - The company has refined its full-year 2025 guidance, raising the lower end of the net sales range to between $1.070 billion and $1.100 billion[8, 35] - Full year free cash flow is expected to be approximately $150 million[35] Tariff Mitigation - The company is mitigating tariff impacts by reducing China direct sourcing into the US from approximately 10% to approximately 3% of COGS by the end of 2025[17] - A 3% price increase was implemented in North America in April as part of tariff mitigation efforts[17]