Hayward Holdings (HAYW) Soars to 52-Week High on Bullish Outlook, Strong Q3
We recently published 10 Stocks Defying Wall Street Slump; 8 Hit Fresh Highs. Hayward Holdings Inc. (NYSE:HAYW) is one of the best-performing stocks on Thursday.
Shares of Hayward Holdings rallied to a new 52-week high on Wednesday following an impressive third quarter earnings performance, coupled with a bullish growth outlook for the full-year period.
In intra-day trading, Hayward Holdings Inc. (NYSE:HAYW) soared to its highest price of $17.65 before trimming gains to end the day just up by 12 percent at $17.17 apiece.
Photo by jared rice on unsplash
Investors cheered a strong net earnings performance during the third quarter, jumping 45 percent to $24 million from the $16.5 million in the same period last year.
Net sales also grew by 7.4 percent to $244 million from $227 million year-on-year, driven by positive net price to offset inflation and tariffs, increased volume, and the favorable impact from foreign currency translation.
Hayward Holdings Inc. (NYSE:HAYW) said the volume jump was primarily due to favorable timing of orders in the 2025 season.
For the full year, Hayward Holdings Inc. (NYSE:HAYW) is targeting net sales to end between $1.095 billion to $1.11 billion, or an increase of 4.5 percent to 5.5 percent from fiscal year 2024, as compared with its previous guidance of $1.07 billion to $1.1 billion.
It also expects adjusted EBITDA to be in the range of $292 million to $297 million, or a 5 to 7 percent growth year-on-year, as compared with the $280 million to $290 million outlook previously.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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