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Hayward (HAYW) investor relations material
Hayward Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY2026 results exceeded expectations, with net sales up 12% to $255.2 million, adjusted EBITDA up 15% to $56.4 million, and adjusted diluted EPS up 30% to $0.13; net income surged 63% to $23.4 million, and diluted EPS rose 83% to $0.11.
Margin expansion achieved despite inflation, tariffs, and targeted investments in innovation and customer service.
Both North America and Europe & Rest of World segments delivered higher sales and profitability.
Net leverage reduced to 2.4x from 2.8x year-over-year, though up from 1.9x at year-end due to seasonal cash usage.
Strategic growth, operational excellence, and leadership initiatives continued, with expanded AI adoption and new product launches.
Financial highlights
Net sales up 12% year-over-year to $255.2 million; North America up 12.1% to $209.8 million, Europe & Rest of World up 8.7% to $45.4 million.
Gross profit increased 13% to $118.7 million; gross margin expanded by 50 bps to 46.5%; adjusted EBITDA margin up 60 bps to 22.1%.
Adjusted EBITDA reached $56.4 million, up 15% year-over-year; adjusted net income was $29.8 million, up 34.9%.
Net income margin increased to 9.2% (up from 6.3%); adjusted net income margin up to 11.7%.
Cash and cash equivalents were $135.8 million; cash flow used in operations was $151 million, reflecting seasonal patterns and absence of prior year receivables sale.
Outlook and guidance
Full-year 2026 net sales growth now expected at ~5% (up from 4%); adjusted diluted EPS guidance raised to $0.84–$0.87, up 9–13% year-over-year.
Free cash flow expected around $200 million, exceeding 100% of net income.
Gross margin expected to remain in line with last year, with some Q2 compression before mitigation efforts take effect.
Pricing for the year now expected to average +4%, with North America higher and Europe/Rest of World lower.
Confidence in long-term growth driven by installed pool base, technology adoption, and favorable industry trends.
- Director elections, executive pay, auditor ratification, and ESG priorities headline the annual meeting.HAYW
Proxy filing2 Apr 2026 - Annual proxy statement outlines voting items and procedures for the upcoming shareholder meeting.HAYW
Proxy filing2 Apr 2026 - FY2025 saw 7% sales growth, margin expansion, and strong cash flow with a positive 2026 outlook.HAYW
Q4 202525 Feb 2026 - Q2 net income up 28%, record 51.0% margin, ChlorKing boosts commercial growth.HAYW
Q2 20242 Feb 2026 - High-margin growth driven by tech innovation, aftermarket focus, and strategic acquisitions.HAYW
Jefferies Global Industrial Conference 202422 Jan 2026 - Q3 net sales up 3.3%, gross margin up 190 bps, and net income up 40%, led by North America.HAYW
Q3 202418 Jan 2026 - Q1 2025 sales up 8%, net income up 46%, margins expand, guidance reaffirmed.HAYW
Q1 202523 Dec 2025 - Record sales, margins, and cash flow in 2024; 2025 outlook sees continued growth.HAYW
Q4 202410 Dec 2025 - Director elections, say-on-pay, and auditor ratification highlight a year of strong governance and ESG focus.HAYW
Proxy Filing1 Dec 2025
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