$HAYW

Hayward Holdings, Inc.

CIK:0001834622|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 318,378	$ 299,603	$ 573,594	$ 528,444
Cost of sales	163,327	152,149	299,842	275,737
Gross profit	155,051	147,454	273,752	252,707
Selling, general and administrative expense	64,271	61,508	126,857	118,503
Research, development and engineering expense	7,672	6,128	14,428	12,114
Acquisition and restructuring related expense	748	1,565	1,253	3,491
Amortization of intangible assets	6,361	6,870	12,727	13,705
Operating income	75,999	71,383	118,487	104,894
Interest expense, net	16,981	13,650	28,488	27,301
Loss on debt extinguishment	1,836	0	2,037	0
Other income, net	(2,079)	(1,706)	(1,413)	(527)
Total other expense	16,738	11,944	29,112	26,774
Income from operations before income taxes	59,261	59,439	89,375	78,120
Provision for income taxes	13,644	14,640	20,399	18,988
Net income	$ 45,617	$ 44,799	$ 68,976	$ 59,132
Earnings per share
Basic (in usd per share)	$ 0.21	$ 0.21	$ 0.32	$ 0.27
Diluted (in usd per share)	$ 0.21	$ 0.20	$ 0.31	$ 0.27
Weighted average common shares outstanding
Basic (in shares)	216,352,470	216,382,177	216,844,828	216,175,618
Diluted (in shares)	220,806,675	221,834,188	221,606,626	221,856,056

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities
Net income	$ 68,976	$ 59,132
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	11,862	11,517
Amortization of intangible assets	16,428	17,166
Amortization of deferred debt issuance fees	1,714	1,880
Stock-based compensation	7,595	6,317
Deferred income taxes (benefit)	(937)	(3,008)
Allowance for credit losses	(318)	2
Loss on debt extinguishment	1,836	0
Loss on sale/disposal of property, plant and equipment	972	206
Other non-cash items	(1,092)	0
Changes in operating assets and liabilities
Accounts receivable	120,142	114,267
Inventories	(25,232)	(6,098)
Other current and non-current assets	7,328	6,176
Accounts payable	15,333	(8,321)
Accrued expenses and other liabilities	(53,044)	(10,874)
Net cash provided by operating activities	171,563	188,362
Cash flows from investing activities
Purchases of property, plant, and equipment	(17,438)	(12,423)
Software development costs	(449)	(1,159)
Purchases of short-term investments	(188,835)	0
Proceeds from short-term investments	80,000	0
Net cash used in investing activities	(126,722)	(13,582)
Cash flows from financing activities
Proceeds from issuance of long-term debt	354,603	0
Payments of long-term debt	(353,092)	(3,831)
Payments of short-term notes payable	0	(2,169)
Debt issuance costs	5,635	1,143
Purchase of common stock	(64,316)	0
Proceeds from issuance of common stock	1,720	1,100
Taxes paid for net share settlement of equity awards	(1,720)	(1,073)
Other, net	(1,083)	(936)
Net cash used in financing activities	(69,523)	(8,052)
Effect of exchange rate changes on cash and cash equivalents	(849)	1,734
Change in cash and cash equivalents	(25,531)	168,462
Cash and cash equivalents, beginning of period	329,648	196,589
Cash and cash equivalents, end of period	304,117	365,051
Supplemental disclosures of cash flow information:
Cash paid-interest	32,942	25,230
Cash paid-income taxes, net of refunds	21,889	9,591
Non-cash investing and financing activities:
Accrued and unpaid purchases of property, plant, and equipment	2,194	927
Equipment financed under finance leases	631	344
Refinancing of long-term debt	$ 605,397	$ 0

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 304,117	$ 329,648
Short-term investments	179,263	69,462
Accounts receivable, net of allowances of $1,579 and $1,931, respectively	158,523	280,161
Inventories, net	234,742	210,739
Prepaid expenses	19,462	19,500
Income tax receivable	0	656
Other current assets	36,682	41,080
Total current assets	932,789	951,246
Property, plant and equipment, net of accumulated depreciation of $135,034 and $125,807, respectively	170,498	164,560
Goodwill	948,166	951,197
Trademark	736,000	736,000
Customer relationships, net	167,531	178,126
Other intangibles, net	82,884	88,899
Other non-current assets	79,939	80,956
Total assets	3,117,807	3,150,984
Current liabilities
Current portion of long-term debt	10,811	13,261
Accounts payable	92,216	77,007
Accrued expenses and other liabilities	170,727	224,222
Income taxes payable	6,590	8,754
Total current liabilities	280,344	323,244
Long-term debt, net	945,613	943,547
Deferred tax liabilities, net	227,206	227,449
Other non-current liabilities	62,607	63,736
Total liabilities	1,515,770	1,557,976
Commitments and contingencies (Note 12)
Stockholders’ equity
Preferred stock, $0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of June 27, 2026 and December 31, 2025	0	0
Common stock $0.001 par value, 750,000,000 authorized; 247,388,625 issued and 214,050,440 outstanding at June 27, 2026; 246,272,783 issued and 217,356,414 outstanding at December 31, 2025	248	247
Additional paid-in capital	1,118,836	1,109,522
Common stock in treasury; 33,338,185 and 28,916,369 at June 27, 2026 and December 31, 2025, respectively	(429,218)	(363,182)
Retained earnings	920,110	851,134
Accumulated other comprehensive loss	(7,939)	(4,713)
Total stockholders’ equity	1,602,037	1,593,008
Total liabilities and stockholders’ equity	$ 3,117,807	$ 3,150,984