Hayward Holdings Inc

hayward-pool.com

What Do They Do?

Sells residential pool equipment to distributors, retailers and builders, as well as commercial pool equipment and industrial flow-control products.

How Do They Make Money?

Customers buy pool equipment; the sale is counted when it ships, and customers generally pay after shipment, while select early-buy customers get longer to pay.

revenue

Segment	Share	How money arrives
Residential pool Sold outright	90% FY2022: 94%	Sold outright
Commercial pool Sold outright	5.8% FY2022: 2.6%	Sold outright
Flow control Sold outright	4.2% FY2022: 3.8%	Sold outright

Who Are Their Customers?

Most sales go through distributors to pool builders and servicers; Hayward also sells directly to large retailers and pool builders, and sells to buying groups, whose members may order through headquarters or directly.

Customers above 10% of revenue, FY2025

of revenue from two customers (33%, 12%)

FY2024: 47% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.

Operating income, FY2025

21% of revenue

▲ +12% vs FY2024 ($208.8M, 20%)

Net income, FY2025

14% of revenue

▲ +28% vs FY2024 ($118.7M, 11%)

Free cash flow, FY2025

20% of revenue

▲ +20% vs FY2024 ($189.7M, 18%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 27, 2026

Revenue: ▲ +6%; vs $299.6M in Q2 FY2025
Net income: ▲ +2%; vs $44.8M in Q2 FY2025

Residential pool share of revenue vs 89.3% in Q2 FY2025

Shrinking. Revenue fell 20% in 4 years, from $1.4B in FY2021 to $1.1B in FY2025, about 5% a year.

Revenue over time

Residential pool Commercial pool Flow control

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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