Hayward Beats Q4 Earnings Expectations

Pool equipment manufacturer reports strong aftermarket performance and guides for continued growth in 2026

Feb. 25, 2026 at 4:12pm

Hayward (NYSE:HAYW), a leading manufacturer of residential and commercial swimming pool equipment, reported its fourth-quarter and full-year 2025 financial results on Wednesday, beating analysts' expectations. The company reported earnings per share of $0.29, exceeding the consensus estimate of $0.28, on revenue of $349.38 million, up 6.8% year-over-year.

Why it matters

Hayward's strong performance, driven by its aftermarket business, underscores the company's ability to capitalize on the growing demand for pool upgrades and automation in the U.S. market. The company's investments in new product development and operational improvements position it well to continue gaining market share.

The details

Hayward reported a net margin of 12.54% and a return on equity of 11.24% for the quarter. The company's full-year 2026 guidance calls for approximately 4% net sales growth, adjusted diluted EPS of $0.82–$0.86 (6%–12% growth), and roughly $200 million of free cash flow, with about $40 million in capital expenditures to modernize its U.S. operations. Hayward is also scaling its OmniX ecosystem, now standard on new variable speed pumps and gas heaters, and launching new products to pursue upgrades across an estimated 3.5 million under-automated U.S. pools.

  • Hayward reported its Q4 and full-year 2025 financial results on Wednesday, February 25, 2026.
  • The company provided its full-year 2026 guidance as part of the earnings release.

The players

Hayward

A leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products.

Kevin Holleran

The CEO of Hayward.

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What they’re saying

“Hayward beat expectations in Q4 and FY2025 with net sales up 7%, adjusted EBITDA up 8% for the year, record 48% gross margin, adjusted diluted EPS up 15% to $0.77, and reduced net leverage to 1.9x, driven by aftermarket strength and cash generation.”

— Kevin Holleran, CEO

What’s next

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The takeaway

Hayward's strong financial performance and strategic investments in new products and operational improvements position the company well to capitalize on the growing demand for pool upgrades and automation in the U.S. market, reinforcing its aftermarket-driven business model.