Thu, May 1, 11:09 AM (15 days ago)
**Hayward Holdings, Inc. (HAYW) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $228.8 million, up 7.7% YoY, driven by volume, acquisitions, and net price. - **Profit Margins:** Gross margin increased to 49.5% (up 30 bps YoY). Net income margin improved to 6.3% (up 170 bps YoY). - **Cash Flow:** Net cash used in operating activities was $5.9 million, an improvement from $77.2 million used in Q1 2024. - **Earnings:** EPS increased to $0.06 (diluted) from $0.04 in Q1 2024. - **Debt:** Long-term debt remained stable at $950.4 million. The company is compliant with all covenants under its credit facilities. **Segment Performance:** - **North America (NAM):** Revenue up 7.9% YoY to $187.1 million. Segment income margin increased to 23.2%. - **Europe & Rest of World (E&RW):** Revenue up 6.7% YoY to $41.8 million. Segment income margin increased to 15.7%. **Trends and Uncertainties:** - **Seasonality:** The company's business is seasonal, with higher sales typically in Q2 and Q4. - **Geopolitical Risks:** Tariffs, trade restrictions, and geopolitical conflicts may impact demand and supply costs. - **Legal Proceedings:** The company is involved in securities class action lawsuits, but the financial impact is uncertain. **Future Operations Impact:** - The company plans to continue investing in new product development, acquisitions, and share repurchases. - The share repurchase program has $400 million remaining for additional share repurchases. - The company expects to generate sufficient cash flow to meet its working capital requirements, capital expenditures, and debt service over the next 12 months.