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Hayward Holdings (HAYW) Soars to 52-Week High on Bullish Outlook, Strong Q3
Yahoo Financeยท 2025-10-30 14:37
Core Viewpoint - Hayward Holdings Inc. has demonstrated strong performance with a significant increase in net earnings and sales, leading to a new 52-week high in stock price, supported by a positive growth outlook for the full year [1][3]. Financial Performance - Net earnings for the third quarter rose by 45% to $24 million, compared to $16.5 million in the same period last year [3]. - Net sales increased by 7.4% to $244 million from $227 million year-on-year, driven by positive net pricing, increased volume, and favorable foreign currency translation [3]. Growth Outlook - For the full year, Hayward Holdings targets net sales between $1.095 billion to $1.11 billion, reflecting a growth of 4.5% to 5.5% from fiscal year 2024, an increase from previous guidance of $1.07 billion to $1.1 billion [4]. - The company expects adjusted EBITDA to range from $292 million to $297 million, indicating a year-on-year growth of 5% to 7%, up from the previous outlook of $280 million to $290 million [5]. Stock Performance - During intra-day trading, Hayward Holdings' stock reached a peak price of $17.65 before closing at $17.17, marking a 12% increase for the day [2]. - The stock's performance is attributed to the strong earnings report and optimistic future projections [1][3].