Filing Flows › Hayward Holdings (HAYW) › Q1 2025
Hayward Holdings (HAYW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hayward Holdings (HAYW) reported revenue of $229M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -30% from the quarter before. Operating margin was 14.6%, net earnings $14.3M (6.3% of revenue).
Hayward Holdings, Q1 2025: revenue $229M (+8% year over year), operating margin 14.6%, net earnings $14.3M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $229M | -30% | +8% |
| Gross profit | $113M | -26% | +8% |
| Operating profit | $33.5M | -56% | +9% |
| Net earnings | $14.3M | -74% | +46% |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $228.8M in Q1 2025, up 8% year over year and down 30% from the previous quarter. Residential pool was the largest line at 88% of revenue. Residential pool added $9.9M year over year (up 5%), 61% of the total change. Flow control declined 1%.
Gross margin was 49.5%, up 0.3 points from a year earlier. Operating profit was $33.5M, a 14.6% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 15% margin then. Operating expenses grew 8% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $14.3M, up 46% year over year. The effective tax rate was 23.3%.
Operating cash flow was −$5.8M. Non-cash charges added back $13.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $36.2M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$11.4M.
Questions
What was Hayward Holdings' revenue in the first quarter 2025?
Hayward Holdings (HAYW) reported revenue of $229M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -30% from the quarter before.
Was Hayward Holdings profitable in the first quarter 2025?
Operating profit was $33.5M (14.6% of revenue) and net earnings $14.3M.
Source: Hayward Holdings 10-Q on SEC EDGAR.