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

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

Hayward Holdings Announces First Quarter Fiscal Year 2021 Financial Results

May 5, 2021 7:00 AM EDT

Continued Strong Demand Drives Sales Growth And Margin Expansion; Structural Trends Support 2021 Guidance And Long-Term Growth Outlook

FIRST QUARTER FISCAL 2021 HIGHLIGHTS

Net sales increased 96% year-over-year to $334.4 million Net Income improved to $36.9 million from a net loss of $10.4 million year-over-year Adjusted Net Income increased to $63.6 million from $14.3 million year-over-year Adjusted EBITDA increased 200% year-over-year to $107.3 million; Adjusted EBITDA margin expanded 1,110 basis points to 32.1%

FULL YEAR FISCAL 2021 GUIDANCE HIGHLIGHTS

Net sales growth of 40% to 45% Adjusted EBITDA of $360 million to $390 million; up 55%... More