UPDATE: Hayward Holdings, Inc. (HAYW) Misses Q1 EPS by $1.01, Revenues Beat
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Hayward Holdings Announces First Quarter Fiscal Year 2021 Financial Results
May 5, 2021 7:00 AM EDTContinued 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