Hayward Holdings, Inc.

Listed Company

HAYWCIK 0001834622NYSELarge AcceleratedRefrigeration & Service Industry MachineryFY ends Dec 31

Period

FY 2025

Revenue

$1.12B

Net Income

$151.57M

Total Assets

$3.15B

Equity

$1.59B

Shares Out

216.96M

Op. Cash Flow

$256.03M

Business

Hayward Holdings, Inc. is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. It offers pumps (including variable speed), filters, heaters and heat pumps, robotic and suction cleaners, LED lighting, sanitizers (including salt and UV/ozone), water features, in‑floor systems and IoT-enabled controls such as OmniLogic and SmartPad. The business is organized into two reportable segments: North America and Europe & Rest of World. Products are sold through specialty distributors, large retailers, builders, buying groups and regional distribution hubs across North America, Europe, Australia and other global markets.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,122	1,052	992	1,314	1,402
Cost of sales	583	565	563	717	746
Gross profit	539	487	429	597	656
Selling, general and administrative expense	247	217	186	249	267
Research, development and engineering expense	27	26	25	22	23
Acquisition and restructuring related expense	4	6	13	8	15
Amortization of intangible assets	27	29	30	32	33
Operating income	233	209	175	286	318
Interest expense, net	50	62	74	51	51
Loss on debt extinguishment	0	5	0	0	9
Other expense (income), net	−2	−2	551,000	−51,000	−2
Total other expense	49	65	74	51	58
Total	185	144	101	234	260
Provision for income taxes	33	26	20	55	56
Net income	152	119	81	179	204
Basic (in usd per share)	0.7	0.55	0.38	0.82	0.52
Diluted (in usd per share)	0.68	0.54	0.37	0.78	0.49
Basic (in shares)	217	215	213	220	188
Diluted (in shares)	222	221	221	230	201

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	330	197	178	56	266
Commercial paper	69	0	25	0	—
Accounts receivable, net of allowances of $1,931 and $2,701, respectively	280	279	271	209	208
Inventories, net	211	216	215	284	233
Prepaid expenses	20	20	14	15	12
Income tax receivable	656,000	6	10	27	0
Other current assets	41	49	11	21	31
Total current assets	951	767	725	612	751
Property, plant and equipment, net	165	160	159	150	147
Goodwill	951	944	935	932	924
Trademark	736	736	736	736	736
Customer relationships, net	178	198	206	231	243
Other intangibles, net	89	96	94	107	103
Other non-current assets	81	89	91	107	75
Total assets	3,151	2,991	2,946	2,875	2,978
Current portion of long-term debt	13	14	15	15	12
Accounts payable	77	81	69	54	87
Accrued expenses and other liabilities	224	217	156	163	190
Income taxes payable	9	273,000	109,000	574,000	14
Total current liabilities	323	313	240	232	304
Long-term debt, net	944	951	1,079	1,085	973
Deferred tax liabilities, net	227	239	249	264	262
Other non-current liabilities	64	64	67	70	70
Total liabilities	1,558	1,567	1,635	1,652	1,609
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock $0.001 par value, 750,000,000 authorized; 246,272,783 issued and 217,356,414 outstanding at December 31, 2025; 244,444,889 issued and 215,778,520 outstanding at December 31, 2024	247,000	245,000	243,000	241,000	238,000
Additional paid-in capital	1,110	1,093	1,081	1,070	1,059
Common stock in treasury; 28,916,369 and 28,666,369 at December 31, 2025 and 2024, respectively	−363	−358	−358	−357	−14
Retained earnings	851	700	581	500	321
Accumulated other comprehensive loss	−5	−11	7	10	4
Total stockholders equity	1,593	1,424	1,311	1,223	1,370
Total liabilities and stockholders equity	3,151	2,991	2,946	2,875	2,978

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	23	20	16	19	19
Amortization of intangible assets	34	36	37	38	39
Amortization of deferred debt issuance fees	4	4	5	3	4
Stock-based compensation	13	11	9	8	15
Deferred income taxes (benefit)	−8	−11	−13	−5	−15
Allowance for credit losses	−770,000	−169,000	−1	2	644,000
Loss on impairment	0	0	7	0	6
(Gain) loss on sale/disposal of property, plant and equipment	485,000	−428,000	1	6	4
Accounts receivable	5	−7	−59	−3	−70
Inventories	12	4	68	−35	−90
Other current and non-current assets	6	−41	25	−40	−17
Accounts payable	−6	12	15	−37	18
Accrued expenses and other liabilities	21	61	−5	−19	62
Net cash provided by operating activities	256	212	185	116	189
Purchases of property, plant, and equipment	−29	−22	−29	−30	−26
Software development costs	−2	−2	−2	—	—
Cash paid for acquisition of businesses, net of cash acquired	0	−55	0	−63	−22
Cash paid for asset acquisitions	−4	0	0	—	—
Proceeds from sale of property, plant, and equipment	0	311,000	613,000	4,000	25,000
Purchases of short-term investments	−69	0	−25	—	—
Proceeds from short-term investments	0	25	0	0	−157,000
Net cash used in investing activities	−104	−54	−55	−93	−49
Proceeds from revolving credit facility	0	0	144	150	68
Payments on revolving credit facility	0	0	−144	−150	−68
Proceeds from issuance of long-term debt	0	3	5	130	52
Payments of long-term debt	−13	−139	−13	−10	−370
Proceeds from issuance of short-term notes payable	0	6	6	8	0
Payments of short-term notes payable	−2	−6	−7	—	—
Debt issuance costs	−2	0	0	−9	−13
Purchase of common stock	−5	−378,000	0	−343	−10
Other, net	761,000	−537,000	222,000	320,000	−259,000
Net cash used in financing activities	−21	−137	−8	−229	11
Effect of exchange rate changes on cash and cash equivalents	2	−3	373,000	−4	−1
Change in cash and cash equivalents	133	18	122	−210	151
Cash paid-interest	60	68	76	51	47
Cash paid-income taxes	26	36	16	99	62
Accrued and unpaid purchases of property, plant, and equipment	634,000	5	1	796,000	—
Equipment financed under finance leases	3	1	−21,000	2	0

Filings

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