Hayward Holdings Q4 net sales increased by 8% to $278.5M, with net income rising 94% to $31M, despite a 24% full-year net sales decline.
Hayward Holdings reported an 8% Q4 net sales increase to $278.5M, driven by higher volumes and favorable pricing, with net income up 94% to $31M. Despite a 24% full-year net sales decline, the company projects 2024 net sales of $1.010B-$1.060B and a $255M-$275M Adjusted EBITDA. The company attributes the decline to weak end-market demand trends, geopolitical factors in Europe, and distribution channel destocking.
February 29, 2024
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