Hayward Holdings Reports 6.3% Increase in Q2 2026 Net Sales to $318.4 Million

Hayward Holdings, Inc. reported a notable increase in financial performance for the second quarter of 2026, with net sales reaching $318.4 million, up 6.3% from $299.6 million in the same period last year. For the first half of 2026, net sales totaled $573.6 million, reflecting an 8.5% increase compared to $528.4 million in the first half of 2025. The company's gross profit also rose, amounting to $155.1 million for the quarter and $273.8 million for the six months, marking increases of 5.2% and 8.3%, respectively. However, the gross profit margin slightly decreased to 48.7% for the quarter and 47.7% for the half-year, attributed to rising costs from inflation and tariffs.

In terms of operational changes, Hayward's selling, general, and administrative expenses (SG&A) increased to $64.3 million for the quarter, primarily due to higher incentive compensation. The company also reported a rise in research and development expenses, which reached $7.7 million for the quarter, reflecting a focus on new product development. Notably, Hayward incurred $0.7 million in acquisition and restructuring-related expenses during the second quarter, a decrease from $1.6 million in the prior year, indicating a shift in focus from acquisitions to internal restructuring efforts.

The company’s balance sheet showed total assets of $3.1 billion as of June 27, 2026, a slight decrease from $3.15 billion at the end of 2025. Cash and cash equivalents were reported at $304.1 million, down from $329.6 million. Hayward's long-term debt increased marginally to $945.6 million, reflecting the refinancing of its debt under a new credit agreement established in June 2026, which included a $960 million term loan and a $425 million revolving credit facility.

Geographically, the North America segment accounted for 87% of total net sales, while the Europe & Rest of World segment contributed 13%. The North America segment saw a significant sales increase of 8.8% for the quarter, while the Europe & Rest of World segment experienced an 8.3% decline in sales, primarily due to geopolitical factors affecting demand. The company maintains a strong market position, with an estimated 33% share of the North American residential pool market, and anticipates continued growth driven by aftermarket sales and product innovation.

Looking ahead, Hayward Holdings expressed confidence in its ability to navigate market challenges and capitalize on growth opportunities. The company plans to focus on enhancing its product offerings and expanding its market presence, particularly in the aftermarket segment, which is expected to drive recurring revenue. The management remains optimistic about the future, citing a solid liquidity position and ongoing investments in research and development as key components of its growth strategy.