Hayward Holdings Files Q3 2024 10-Q

TL;DR

Hayward Holdings filed its Q3 2024 10-Q, showing current financial status. **Check financials.**

AI Summary

Hayward Holdings, Inc. filed its 10-Q for the period ending September 28, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details are presented within the report, which is crucial for understanding the company's current financial health and future outlook.

Why It Matters

This 10-Q filing provides investors and analysts with a detailed look at Hayward Holdings' financial standing as of Q3 2024, impacting investment decisions and market perception.

Risk Assessment

Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details within can reveal underlying risks or strengths.

Key Numbers

• 20240928 — Reporting Period End Date (Indicates the specific date for which financial data is reported.)
• 20241029 — Filing Date (Shows when the report was officially submitted to the SEC.)

Key Players & Entities

• Hayward Holdings, Inc. (company) — Filer of the 10-Q
• 20240928 (date) — End of the reporting period
• 20241029 (date) — Filing date
• 0001834622-24-000131 (other) — Accession Number
• 001-40208 (other) — SEC File Number

FAQ

Filing Documents

• hayw-20240928.htm (10-Q) — 1501KB
• a2024q3exhibit311.htm (EX-31.1) — 10KB
• a2024q3exhibit312.htm (EX-31.2) — 10KB
• a2024q3exhibit321.htm (EX-32.1) — 6KB
• a2024q3exhibit322.htm (EX-32.2) — 5KB
• hayw-20240928_g1.jpg (GRAPHIC) — 5KB
• 0001834622-24-000131.txt ( ) — 7615KB
• hayw-20240928.xsd (EX-101.SCH) — 46KB
• hayw-20240928_cal.xml (EX-101.CAL) — 93KB
• hayw-20240928_def.xml (EX-101.DEF) — 173KB
• hayw-20240928_lab.xml (EX-101.LAB) — 614KB
• hayw-20240928_pre.xml (EX-101.PRE) — 411KB
• hayw-20240928_htm.xml (XML) — 1221KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION ITEM 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 1 Unaudited Condensed Consolidated Balance Sheets 1 Unaudited Condensed Consolidated Statements of Operations 2 Unaudited Condensed Consolidated Statements of Comprehensive Income 3 Unaudited Condensed Consolidated Statements of Changes in Redeemable Stock and Stockholders ' Equity 4 Unaudited Condensed Consolidated Statements of Cash Flows 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 Note 1 Nature of Operations and Organization 7 Note 2 Significant Accounting Policies 7 Note 3 Revenue 8 Note 4 Inventories 8 Note 5 Accrued Expenses and Other Liabilities 8 Note 6 Income Taxes 9 Note 7 Long-Term Debt 10 Note 8 Derivatives and Hedging Transactions 11 Note 9 Fair Value Measurements 12 Note 10 Segments and Related Information 13 Note 11 Earnings Per Share 15 Note 12 Commitments and Contingencies 15 Note 13 Leases 17 Note 14 Stockholders' Equity 17 Note 15 Stock-based Compensation 18 Note 16 Acquisitions and Restructuring 18 Note 17 Related-Party Transactions 20 I TEM 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 21 I TEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 I TEM 4.

Controls and Procedures

Controls and Procedures 36

—OTHER INFORMATION

PART II—OTHER INFORMATION I TEM 1.

Legal Proceedings

Legal Proceedings 37 I TEM 1A.

Risk Factors

Risk Factors 38 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 39

Other Information

ITEM 5. Other Information 40 ITEM 6. Exhibits 41

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Hayward Holdings, Inc. Unaudited Condensed Consolidated Balance Sheets (Dollars in thousands, except per share data) September 28, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents $ 274,184 $ 178,097 Short-term investments — 25,000 Accounts receivable, net of allowances of $ 2,881 and $ 2,870 , respectively 99,932 270,875 Inventories, net 229,363 215,180 Prepaid expenses 15,541 14,331 Income tax receivable 11,634 9,994 Other current assets 18,898 11,264 Total current assets 649,552 724,741 Property, plant, and equipment, net of accumulated depreciation of $ 108,726 and $ 95,917 , respectively 164,654 158,979 Goodwill 953,175 935,013 Trademark 736,000 736,000 Customer relationships, net 209,836 206,308 Other intangibles, net 92,479 94,082 Other non-current assets 84,168 91,161 Total assets $ 2,889,864 $ 2,946,284 Liabilities and Stockholders' Equity Current liabilities Current portion of long-term debt $ 14,079 $ 15,088 Accounts payable 73,562 68,943 Accrued expenses and other liabilities 159,709 155,543 Income taxes payable 825 109 Total current liabilities 248,175 239,683 Long-term debt, net 959,906 1,079,280 Deferred tax liabilities, net 239,362 248,967 Other non-current liabilities 69,266 66,896 Total liabilities 1,516,709 1,634,826 Commitments and contingencies (Note 12) Stockholders' equity Preferred stock, $ 0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of September 28, 2024 and December 31, 2023 — — Common stock $ 0.001 par value, 750,000,000 authorized; 244,078,929 issued and 215,412,560 outstanding at September 28, 2024; 242,832,045 issued and 214,165,676 outstanding at December 31, 2023 244 243 Additional paid-in capital 1,089,782 1,080,894 Common stock in treasury; 28,666,369 and 28,666,369 at September 28, 2024 and December 31, 2023, respectively ( 358,125 ) ( 357,755 ) Retained earnings 644,831 580,909 Accumulated other compr

View Full Filing

View this 10-Q filing on SEC EDGAR