Hayward 10-Q: Q3 Sales Up 6.5% to $260.1M, Nine-Month Net Income $101.4M
HAYW sits 19% above its 52-week low of $11.24.
Summary
Hayward's Q3 10-Q confirms 6.5% sales growth to $260.1M and $0.15 diluted EPS, with nine-month net income of $101.4M and $115.3M of buybacks, though operating cash flow fell 20% year-over-year.
Key Events · Earnings and Guidance · HAYW
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Q3 Sales Up 6.5%, EPS $0.15
Net sales rose to $260.1M from $244.3M, operating income jumped 22% to $50.2M, and diluted EPS came in at $0.15 versus $0.11 a year ago.
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Nine-Month Profit $101.4M
Nine-month net sales reached $833.7M (up 7.9%) and net income $101.4M, or $0.46 per diluted share versus $0.37.
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Operating Cash Flow Down 20%
Operating cash flow fell to $225.5M from $283.0M on collection timing and inventory build; inventories rose to $245.5M from $210.7M at year-end.
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$115.3M of Buybacks Completed
The company repurchased ~7.8M shares at a $14.76 average for $115.3M in the first nine months, with $330.8M remaining under the $450M authorization.
Analysis · HAYW · Technology
The 10-Q confirms the quarter the 8-K announced this morning and fills in what the press release did not: nine-month net sales of $833.7M (up 7.9%), net income of $101.4M and diluted EPS of $0.46, with Q3 diluted EPS of $0.15 versus $0.11 a year ago. Cash generation is the soft spot — operating cash flow fell to $225.5M from $283.0M a year earlier on the timing of collections and inventory purchases, while inventories rose to $245.5M from $210.7M at year-end. Management kept buying back stock aggressively, repurchasing ~7.8M shares for $115.3M in the first nine months at a $14.76 average, leaving $330.8M on the authorization. The June refinancing is now fully detailed: a $960.0M seven-year term loan due 2033 plus a $425.0M revolver, at the cost of a $2.0M extinguishment loss. On legal risk, the securities class action settled with final court approval on July 28, 2026, but four derivative suits tied to the same allegations remain unresolved and unquantified.
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At the time of this filing, HAYW was trading at $13.38 on NYSE in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $11.24 to $17.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.