Reports Q3 revenue $227.6M, consensus $222.87M.”I am pleased to report third quarter results consistent with expectations,” said Kevin Holleran, Hayward’s (HAYW) President and Chief Executive Officer. “We delivered sales and earnings growth, strong gross profit margin expansion, and increased cash flow. This performance enabled us to reduce net leverage into our targeted range. ChlorKing performed well in the first full quarter of ownership, and we are already seeing the synergies of the integration with Hayward’s existing commercial pool business. The early buy program is progressing in line with our expected participation. We continue to execute our growth strategy by advancing our technology leadership position with innovative connected pool solutions, leveraging our culture of continuous improvement and operational excellence, and expanding customer relationships. We are updating our 2024 outlook to reflect modestly improved sales and profitability.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HAYW:
- Hayward price target raised to $16 from $15.50 at Stifel
- Hayward Holdings, Inc. (HAYW) Q3 Earnings Cheat Sheet
- Pentair price target raised to $110 from $97 at KeyBanc
- MSD Aqua Partners Distributes Hayward Holdings Shares
- Hayward management to meet with KeyBanc
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
