Hayward

Hayward designs and makes equipment for swimming pools and outdoor living, such as pumps, filters, heaters, cleaners, lights, sanitizers and automation controls, and it also makes industrial flow control products. It estimates its share of the North American residential pool market at about 33%. About 85% of its North American residential pool sales go to the aftermarket, which repairs, replaces and upgrades equipment on existing pools, so most demand repeats each year.

It sells mostly through pool equipment distributors, and it has an Early Buy program that gives customers longer payment terms before the season. Its SmartPad equipment connects pool products to an app. It reports two segments: North America, with $226.4 million of net sales in Q3 2026, and Europe and Rest of World, with $33.8 million.

The market doubts that Hayward can keep growing while pool spending is weak. High interest rates and a cautious consumer slow new pool construction and large remodels, and in 2026 most of Hayward's sales growth came from higher prices that offset inflation and tariffs. In Q3 2026, gross margin was 47.9%, and inflation was slightly larger than the price benefit in both segments. Sales in Europe and Rest of World fell 6% in Q3 2026 because of the conflicts in the Middle East.

Investors fear that price increases can not continue, and that volume can fall if consumers cut back. For the gap to close, three things must be true. Hayward must meet its raised 2026 guidance of about 5% to 6% net sales growth and adjusted diluted EPS of $0.86 to $0.88. Volumes must stay stable or grow, which shows that the aftermarket base holds up when prices rise.

Volume grew modestly in Q3 2026, and early buy orders for the 2027 season were ahead of the prior year in North America. Gross margin must stay near 48% to 49% while tariffs remain. Hayward has room to act, because net leverage was 1.5 times on September 26, 2026, and it bought back $115.3 million of shares in the first nine months of 2026. The full-year report with the first 2027 guidance in early 2027 and the 2027 pool season give the evidence.

If sales and margins hold, the gap can close over the next three to four quarters. If the consumer weakens further, the gap can stay until pool construction recovers.

1. Oct 28, 2026Passed

   Q3 2026 results: volume, price and marginNet sales growth with stable volume, gross margin near 49% and the 2026 guidance kept pass; falling volume or a cut to the guidance fails.Outcome: Net sales grew 6% with modest volume growth, gross margin was 47.9%, and Hayward raised its 2026 guidance to adjusted diluted EPS of $0.86 to $0.88.
2. Jan 28, 2027 · est.Pending

   Full-year 2026 results and 2027 guidanceAdjusted diluted EPS of $0.86 to $0.88 for 2026 and a 2027 outlook with sales and earnings growth pass; a 2027 outlook with lower sales fails.
3. Jul 2027 · est.Pending

   Q2 2027 results: the main pool seasonVolume growth in North America in the main season passes; a second year of growth only from price, with lower volume, fails.

Every passed and failed checkpoint across all picks

• October 28, 2026Hayward reported Q3 2026 results. Net sales were $260.1 million, up 6%, from higher prices and modest volume growth. Gross margin rose 10 basis points to 47.9%. Net income was $32.4 million, up 35%, and adjusted diluted EPS was $0.18, up 29%. North America sales grew 9%, and Europe and Rest of World sales fell 6%. Hayward raised its 2026 guidance to net sales growth of about 5% to 6% and adjusted diluted EPS of $0.86 to $0.88. It said that early buy orders for the 2027 season were ahead of the prior year in North America. In Q3 2026, it bought back about 3.4 million shares for about $51.5 million.
• September 30, 2026Hayward appointed Jared Arrowood, its corporate controller, as Chief Accounting Officer from October 1, 2026. CFO Eifion Jones stays CFO and Treasurer.
• July 29, 2026Hayward reported Q2 2026 results. Net sales were $318.4 million, up 6%, mostly from higher prices. Gross margin fell 50 basis points to 48.7% because of tariffs and inflation. Net income was $45.6 million, and adjusted diluted EPS was $0.26, up 8%. North America sales grew 9%, and Europe and Rest of World sales fell 8%. Hayward kept its 2026 guidance.

Last earnings

October 28, 2026 (8-K on sec.gov)

Next earnings

Expected about January 28, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 26, 2026Filed October 28, 2026 · hayw-20260926
• 8-KEarnings releaseFiled October 28, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled October 2, 2026 · hayw-20260930
• 10-QQuarterly report for the period ended Jun 27, 2026Filed July 29, 2026 · hayw-20260627
• 8-KEarnings releaseFiled July 29, 2026 · Press release and exhibits
• 8-KNew material agreement and New debt or financial obligationFiled June 23, 2026 · hayw-20260623
• 8-KShareholder vote resultsFiled May 22, 2026 · hayw-20260521
• 10-QQuarterly report for the period ended Mar 28, 2026Filed April 29, 2026 · hayw-20260328
• 8-KEarnings releaseFiled April 29, 2026 · Press release and exhibits
• 10-KAnnual report for the period ended Dec 31, 2025Filed February 25, 2026 · hayw-20251231

Every filing on SEC EDGAR (CIK 1834622)

• Demand depends on consumer spending on pools. High interest rates and a weak consumer slow new pool construction and large remodels. In 2026, most of Hayward's sales growth came from higher prices, and volume can fall if consumers cut back.
• Tariffs raise Hayward's costs. Gross margin fell 50 basis points to 48.7% in Q2 2026 because of tariffs and inflation. In Q3 2026, inflation was slightly larger than the price benefit, and gross margin fell slightly in both segments. After the US Supreme Court ruled against the IEEPA tariffs on February 20, 2026, the US announced new tariffs under other laws, and Hayward may have to return part of any tariff refund to customers.
• Sales are seasonal and depend on the weather and on the stock that distributors buy. A cool or wet season, or distributors that cut inventory, can lower sales in a quarter.
• Sales in Europe and Rest of World fell 8% in Q2 2026 and 6% in Q3 2026 because of the conflicts in the Middle East. Shareholder derivative lawsuits about past disclosures are still open, and Hayward can not estimate their cost.

Hayward's debt is mostly a secured term loan of $960.0 million due June 23, 2033, which it refinanced on June 23, 2026, at term SOFR plus 2.00%. At September 26, 2026, debt also included $1.2 million of other bank debt and $3.7 million of finance leases. Read more

Hayward does not pay a dividend.

Source: company filings and market data, read on November 13, 2026.