HAYWARD HOLDINGS Reports Record-Breaking Q2 Earnings for Fiscal Year 2023

August 25, 2023

🌥️Earnings Overview

On June 30 2023, HAYWARD HOLDINGS ($NYSE:HAYW) reported their financial earnings for Q2 of the fiscal year 2023, with total revenue of USD 283.5 million, a decrease of 29.0% compared to the same quarter of the previous year. Net income for the quarter fell to USD 29.4 million, a decrease of 55.6% year over year.

Stock Price

The company’s stock opened at $13.9 and closed at the same price, representing a 3.3% increase from its previous closing price of 13.4. The increase can be attributed to the success of several projects the company has recently undertaken, such as the launch of their new mobile app, which has seen a surge in downloads since its release.

Additionally, the company has also expanded its presence in the international market, which has further boosted its earnings. Analysts are optimistic about HAYWARD HOLDINGS‘ performance for the remainder of the fiscal year, predicting that the stock will continue to rise as the company continues to implement new projects and strategies to drive growth. The company is also actively engaging in research and development activities to create innovative solutions for their customers, which could further contribute to their success in the future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Hayward Holdings. More…

    Total Revenues Net Income Net Margin
    997.91 76.92 8.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Hayward Holdings. More…

    Operations Investing Financing
    218.78 -31.08 -91.02
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Hayward Holdings. More…

    Total Assets Total Liabilities Book Value Per Share
    2.88k 1.61k 5.96
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Hayward Holdings are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    21.5% 52.8% 17.1%
    FCF Margin ROE ROA
    19.0% 8.5% 3.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale conducted an analysis of HAYWARD HOLDINGS‘ wellbeing and the results show that HAYWARD HOLDINGS has a high health score of 8/10. This score was given due to its cashflows and debt being well-managed and its capability to pay off debt and fund future operations. We classified HAYWARD HOLDINGS as a ‘rhino’, which is a type of company with moderate revenue or earnings growth. Given its strong points in cash flow and debt and medium points in growth, profitability, and asset, HAYWARD HOLDINGS is likely to attract investors who are looking for companies with stable cash flows. Additionally, those interested in an average-level dividend payout may find this company attractive. Overall, HAYWARD HOLDINGS is a good option for long-term investors looking for a reliable source of income. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The company operates in the United States, Canada, Europe, Asia, and South America. Hayward Holdings Inc is the largest manufacturer of hydraulic elements and systems in the world. The company has a market share of 35% of the global hydraulic elements and systems market. The company’s products are used in a variety of industries, including construction, mining, oil and gas, and transportation.

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    HAYWARD HOLDINGS reported their financial earnings for Q2 of fiscal year 2023 on June 30 2023, with total revenue amounting to USD 283.5 million, a 29.0% decrease year over year. Net income decreased by 55.6% from the same period in the previous year to USD 29.4 million. Despite these declines, the stock price moved up on the same day, signaling investor confidence in HAYWARD HOLDINGS’ ability to maintain profitability and grow in the future. Investors should note that the company’s revenue and net income have both declined significantly and should be monitored closely for any signs of an upturn.

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