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]