Hayward (US:HAYW)2022-07-30 17:12Financial Performance - Net sales reached $399 million, a 9.6% year-over-year increase[7] - Adjusted EBITDA was $128 million, representing 32.0% of net sales, a 15.6% year-over-year increase[9] - Gross profit totaled $189 million, which is 47.4% of net sales[20] - Net debt stood at $1.04 billion, with a net debt to last twelve months adjusted EBITDA ratio of 2.3x, where LTM adjusted EBITDA was $458 million[20] Segment Performance - North America net sales were $342 million, a 16.5% year-over-year increase, with adjusted segment income of $123 million, a 23.5% year-over-year increase[21] - Europe and ROW net sales were $57 million, a 19.0% year-over-year decrease, with adjusted segment income of $13 million, a 26.6% year-over-year decrease[22] Strategic Growth - The company's strategic growth drivers delivered 28% year-over-year last twelve months sales growth as of Q2 2022[11] - The installed base of US in-ground pools continues to grow[17] - Omni user base increased by over 64% year-over-year, with over 94% connected via the Smart App[10] Outlook - The company anticipates full-year net sales to be down 2% to 6% year-over-year[24] - Adjusted EBITDA for the full year is projected to be between $385 million and $400 million[24]