Every material Form 8-K Hayward Holdings filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Hayward Holdings reported third-quarter fiscal 2024 results with net sales up 3% to $227.6 million, net income up 40% to $16.5 million, and diluted EPS of $0.07. The company raised the low end of its full-year 2024 net sales and Adjusted EBITDA guidance, which signals modestly improved expectations for shareholders.
Q3 net sales rose 3% year over year to $227.6 million; net income rose 40% to $16.5 million
Adjusted EBITDA rose 8% to $51.1 million; adjusted diluted EPS rose 22% to $0.11
Full-year 2024 net sales guidance is now $1.020 billion to $1.040 billion, up from $1.010 billion to $1.040 billion
Full-year 2024 Adjusted EBITDA guidance is now $260 million to $270 million, up from $255 million to $270 million
Hayward Holdings reported second-quarter fiscal 2024 net sales of $284.4 million, up from $283.5 million a year earlier, and net income of $37.6 million, up 28%. The company narrowed its full-year 2024 guidance, lowering the top of its net sales range to $1.040 billion from $1.060 billion and the top of its Adjusted EBITDA range to $270 million from $275 million, citing a more challenging demand environment.
Q2 net income rose 28% to $37.6 million; diluted EPS was $0.17, up 31%; adjusted diluted EPS was $0.21, up 11%.
Q2 Adjusted EBITDA was $82.6 million, up from $79.5 million; gross profit margin rose 290 basis points to 51.0%.
Full-year 2024 net sales guidance is now $1.010 billion to $1.040 billion, versus prior $1.010 billion to $1.060 billion.
Full-year 2024 Adjusted EBITDA guidance is now $255 million to $270 million, versus prior $255 million to $275 million.
Hayward Industries, a subsidiary of Hayward Holdings, signed a Receivables Purchase Agreement with Wells Fargo Bank that lets it sell up to $125 million of eligible customer receivables on an uncommitted, revolving basis. The company also said Billy Emory moved from principal accounting officer to a new customer experience role, with CFO Eifion Jones resuming the principal accounting officer duties.
Agreement dated July 3, 2024 allows sales of up to $125 million in receivables from specified customers.
Wells Fargo is not committed to buy any receivables, and the company is not required to offer any.
Either party may terminate on 30 days' written notice; Wells Fargo may terminate immediately on certain specified events.
Billy Emory was named Vice President, Customer Experience, effective July 3, 2024; Eifion Jones resumed the principal accounting officer role.
Hayward Holdings disclosed that Fernando Blasco will no longer serve as VP and General Manager, Europe & Rest of World, effective May 20, 2024, and will remain an employee through June 14, 2024 for an orderly transition. Severance is conditional on his signing a release of claims and is described in the company's April 17, 2024 proxy statement, which the filing incorporates by reference. The filing is a routine executive departure and gives no financial figures.
Fernando Blasco ceases as VP and General Manager, Europe & Rest of World, effective May 20, 2024
The company determined the change on May 17, 2024
Blasco stays on as an employee through June 14, 2024 to handle the transition
Severance requires a release of claims; terms are described in the April 17, 2024 proxy statement
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Hayward Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →