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
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% |
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 |
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 |
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% |
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…
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.
– Hydraulic Elements and Systems AD ($LTS:0NZ4)
IAD is a leading manufacturer of hydraulic components and systems. Its products are used in a wide range of industries, including construction, mining, agriculture, offshore, and industrial. IAD has a strong commitment to quality and innovation, and its products are backed by a team of experts who are available to provide support and advice. IAD’s products are available through a network of distributors and dealers worldwide.
– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)
JE Cleantech Holdings Ltd is a clean technology company that provides solutions for the treatment of wastewater and solid waste. The company has a market cap of 12.09M as of 2022 and a return on equity of -2.6%. JE Cleantech Holdings Ltd is headquartered in Hong Kong.
– Advanced Energy Industries Inc ($NASDAQ:AEIS)
Advanced Energy Industries, Inc. operates as a designer and manufacturer of power conversion products that transform power into various usable forms. The company offers its products for original equipment manufacturers in the semiconductor, industrial, and solar power markets. Advanced Energy Industries, Inc. was founded in 1981 and is headquartered in Fort Collins, Colorado.
Summary
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.
Related Posts
Recent Posts
