Highlights

  • Third quarter 2026 net sales were $260,134 thousand, compared with $244,336 thousand for the third quarter of 2025.
  • Net income was $32,419 thousand, or $0.15 per diluted share, compared with $24,028 thousand, or $0.11.
  • The company repurchased approximately 3.4 million shares for about $51.5 million in the quarter, with $330.8 million remaining authorized.
  • Management said it now expects full-year 2026 net sales growth of 5% to 6% and adjusted diluted EPS of $0.86 to $0.88.

Hayward Holdings, Inc. (NYSE:HAYW) shares were trading at USD 14.55 on October 28, 2026, up 11.63%, with a relative volume at time of 3.25. The pool and outdoor living company completed a credit agreement refinancing in June 2026 and filed third quarter 2026 results on October 28 with an updated full-year outlook.

Hayward is incorporated in Delaware and has its principal executive offices in Charlotte, North Carolina. The company describes itself as a specialty water management company that designs and manufactures pool and outdoor living technology and industrial flow control products. It reports two segments: North America and Europe & Rest of World. It has seven manufacturing facilities worldwide, in North Carolina, Georgia, Tennessee, Rhode Island, Spain (two) and China. Its fiscal year ends December 31, and its fiscal quarters end on the Saturday closest to and before the calendar quarter end. The company had 208,390,131 shares of common stock outstanding as of October 26, 2026.

Third Quarter 2026 Results

Net sales were $260.1 million for the three months ended September 26, 2026, compared with $244.3 million for the three months ended September 27, 2025, an increase of $15.8 million, or 6.5%. The company said the increase reflected price of 5.4% and volume of 1.1%. Nine-month net sales were $833.7 million, compared with $772.8 million.

Gross profit was $124.7 million, or 47.9% of net sales, compared with $116.7 million, or 47.8%. Operating income was $50,203 thousand, compared with $41,053 thousand. Net income was $32,419 thousand, compared with $24,028 thousand, and nine-month net income was $101,395 thousand, compared with $83,160 thousand.

On a non-GAAP basis, adjusted net income was $39.1 million, compared with $31.9 million. Adjusted EBITDA was $64.5 million, compared with $59.1 million, with an adjusted EBITDA margin of 24.8%.

By segment, North America net sales were $226,365 thousand and Europe & Rest of World accounted for 13% of total net sales. On the call, management said Europe and Rest of World sales declined 6% to $34 million, which it attributed to lower volume and a greater mix of late season discount programs.

Cash Flow, Debt and Capital Return

Cash and cash equivalents were $236,250 thousand at September 26, 2026, compared with $329,648 thousand at December 31, 2025. Net cash provided by operating activities was $225.5 million for the nine months, compared with $283.0 million.

In June 2026, the company borrowed $960.0 million of new term loans under a seven-year Term Facility and entered into a $425.0 million five-year Revolving Facility. It recorded a $2.0 million loss on debt extinguishment for the nine months, and interest expense, net was $7.9 million for the quarter, compared with $11.3 million.

Under its share repurchase program, authorized for up to $450 million through July 28, 2028, the company repurchased approximately 7.8 million shares for approximately $115.3 million in the nine months.

Outlook and Risks

The 10-Q does not provide numerical guidance. On the call, management said it expects 2026 net sales to increase approximately 5% to 6% and adjusted diluted EPS to increase 12% to 14%, with adjusted diluted EPS of $0.86 to $0.88. It also said it expects free cash flow of approximately $200 million, net interest expense of approximately $47 million and capital expenditures of approximately $40 million.

Management said the fourth quarter comparison includes late season orders in the prior year period that it does not necessarily expect to repeat. The filing describes uncertainty around tariffs and trade restrictions, and says shipments under the 2026 Early Buy program began late in the third quarter and are expected to continue through approximately the first quarter of 2027.