Hayward Holdings Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

October 30, 2024

Hayward Holdings (NYSE:HAYW) Third Quarter 2024 Results

Key Financial Results

Revenue: US$227.6m (up 3.3% from 3Q 2023).
Net income: US$16.5m (up 40% from 3Q 2023).
Profit margin: 7.3% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.077 (up from US$0.055 in 3Q 2023).

earnings-and-revenue-growth — NYSE:HAYW Earnings and Revenue Growth October 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hayward Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Hayward Holdings you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Hayward Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.