Shares of Hayward Holdings, Inc. (HAYW) soared 10.57% in pre-market trading on Wednesday following the release of the company's impressive third-quarter financial results for fiscal year 2025. The pool equipment manufacturer not only beat analyst expectations but also raised its full-year guidance, signaling strong confidence in its business outlook.
Hayward reported adjusted earnings per share of $0.14 for the third quarter, surpassing the consensus estimate of $0.12. The company's sales for the quarter reached $244.3 million, significantly exceeding the expected $232.7 million. This robust performance was driven by a 7% year-over-year increase in net sales, with growth observed across both its North America and Europe & Rest of World segments.
Adding to investor optimism, Hayward raised its full-year 2025 guidance. The company now expects net sales of $1.095 billion to $1.110 billion, representing an increase of approximately 4% to 5.5% from fiscal year 2024. Adjusted EBITDA is projected to be between $292 million and $297 million, indicating an increase of about 5% to 7% from the previous year. This upward revision in guidance reflects the company's strong year-to-date performance and solid participation in early buy programs.
Furthermore, Hayward demonstrated improved financial health, with cash flow from operations increasing to $283.0 million for the nine months ended September 27, 2025. The company also reduced its net leverage to 1.8x, the lowest level in over three years, showcasing its strengthened balance sheet. These factors, combined with the strong quarterly results and raised guidance, have contributed to the significant pre-market rally in Hayward's stock price.