Hayward Holdings, Inc. (HAYW) SEC Filings & Earnings Calls

Tariff and trade uncertainty

“The imposition of, and threat of imposition of, tariffs and other trade restrictions ... have created substantial uncertainty in the global economy.” · word for word

Geopolitical conflict impact on E&RW

“The decrease in volume was driven by the impact of geopolitical conflicts in the Middle East.” · word for word

Geopolitical conflicts in the Middle East impacting E&RW segment volume and income.

“The decrease in volume was driven by the impact of geopolitical conflicts in the Middle East.” · word for word

Tariffs and inflation pressuring gross margin; partially offset by price but still a headwind.

“Gross profit margin decreased by 50 basis points to 48.7% primarily due to an increase in cost of sales driven by tariffs and inflation.” · word for word

Higher incentive compensation driving SG&A increase; could pressure margins if revenue growth slows.

“The increase in SG&A was mainly attributable to higher incentive compensation.” · word for word

Debt refinancing costs increased interest expense in the quarter; though one-time, it reduced net income.

“Interest expense, net, increased by 24% to $17.0 million, primarily due to $5.2 million of debt financing costs from the entry into the Amended and Restated First Lien Credit Agreement.”

Tariff and inflation cost pressure partially offset by pricing power

“Gross profit margin increase partially offset by an increase in cost of sales driven by tariffs and inflation”

Operating cash flow turned negative in Q1 due to working capital build

“Net cash used in operating activities for the three months ended March 28, 2026 increased by $144.8 million” · word for word

Tariff and trade uncertainty

“This uncertainty, as well as the direct impact of tariffs and other trade restrictions, may adversely affect the Company’s business by reducing market demand for the Company’s products, increasing the Company’s supply costs that cannot be passed on to customers” · word for word

Geopolitical conflict impact

“armed conflicts in the Middle East and in Ukraine and Russia have adversely affected market demand in the Middle East and Asia, which has negatively impacted our results in our E&RW segment” · word for word

Seasonal cash flow pressure

“Net cash used in operating activities increased to $150.6 million for the three months ended March 28, 2026 from $5.9 million for the three months ended March 29, 2025, an increase of $144.7 million” · word for word

Macroeconomic and Industry Headwinds

“Despite macroeconomic challenges faced by the pool industry, the Company achieved sales and earnings growth” · word for word

Tariff and inflationary pressures could impact margins if not fully mitigated.

“Company successfully mitigated tariffs and inflation in 2025, but future tariff changes remain a risk.”

Europe & Rest of World segment saw slight revenue decline, indicating regional weakness.

“Europe & Rest of World net sales decreased by 1% to $40.7 million.” · word for word

SG&A expense increased 14% due to variable compensation and litigation settlement.

“SG&A expense increased by 14% to $67.0 million, partly due to settlement in principle related to securities class action litigation.” · word for word

High leverage and interest rate exposure

“As of December 31, 2025, the Company’s total indebtedness was approximately $963.5 million... a 1% increase in the effective interest rate would have resulted in an increase in annual interest rate expense of approximately $3.6 million, net of interest rate swap settlements.” · word for word

Securities class action litigation

“We are currently subject to a securities class action lawsuit.” · word for word

Tariff and trade restriction risk

“The imposition of, and threat of imposition of, tariffs and other trade restrictions by the United States government in 2025... may adversely affect the Company's business by reducing market demand for the Company's products, increasing the Company's supply costs that cannot be passed on to customers” · word for word

Geopolitical conflict risk

“Armed conflicts in the Middle East and in Ukraine and Russia have adversely affected market demand in the Middle East and Asia, which has negatively impacted our results in our E&RW segment.” · word for word

Litigation risk

“We have been, and in the future may be, made a party to litigation arising in the ordinary course of our business... including those relating to commercial or contractual disputes... intellectual property matters, product liability...” · word for word

Tariff and inflation costs partially offset; litigation expense noted; competitive pressures in food space for Hawkins.

“tariff mitigation actions; non-recurring litigation expense”