UPDATE: Hayward Holdings, Inc. (HAYW) Misses Q1 EPS by $1.01, Revenues Beat

Hayward Holdings, Inc. (NYSE: HAYW) reported Q1 EPS of ($0.85), $1.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $334.4 million versus the consensus estimate of $258.49 million.

CEO COMMENTS

“We are very pleased to report exceptional results following our recent initial public offering,” commented Kevin Holleran, Hayward’s Chief Executive Officer. “During the first quarter we experienced tremendous demand for our pool equipment as investment in the outdoor living space remained a focal point for consumers. Hayward’s agile manufacturing capabilities, supply chain advantages, strong competitive positioning and innovative product offering allowed us to accelerate production capacity and to be well positioned to capitalize on the strong demand environment. As we look forward, we believe we will deliver strong results given favorable market dynamics, a strong backlog of new pool builds, a growing installed base, increased usage, impact of current price increases, and product upgrades.”

For earnings history and earnings-related data on Hayward Holdings, Inc. (HAYW) click here.

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