Hayward Holdings, Inc. (NYSE: HAYW) reported Q2 EPS of $0.22, which may not compare to the analyst estimate of $0.28. Revenue for the quarter came in at $364.4 million versus the consensus estimate of $339.28 million.

“During the quarter we continued to see strong demand for our products across all categories, reflecting the ongoing secular trends in outdoor living and Hayward’s ability to leverage its competitive advantages. Hayward’s agile manufacturing capabilities, supply chain integration, strong competitive positioning, and innovative product offerings, helped us to deliver excellent growth, accelerate market share gains, and increase our profitability. We expect our key growth levers to remain positive for the remainder of the year and into 2022 driven by new construction, repair & remodeling and upgrade activity.”

GUIDANCE:

Given the strong performance in the first six months to the fiscal year, increased visibility into the order file and increased confidence in its ability to execute its growth levers, Hayward is raising its guidance for the full fiscal year 2021. Hayward now expects net sales growth of 54% to 58% year-over-year, and Adjusted EBITDA of $405 million to $425 million, or a growth range of 75% to 84% year-over-year. This compares favorably to the previously provided outlook of net sales growth of 40% to 45% year-over-year, and Adjusted EBITDA of $360 million to $390 million, or a growth range of 55% to 68% year-over-year.

Reconciliation for the forward-looking full year fiscal 2021 Adjusted EBITDA outlook is not being provided, as Hayward does not currently have sufficient data to accurately estimate the variables and individual adjustments for such reconciliation. Hayward management cannot estimate on a forward-looking basis without unreasonable effort the impact these variables and individual adjustments will have on its reported results. Please see the Forward-Looking Statements section of this release for a discussion of certain risks relevant to Hayward’s outlook.

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