Hayward Holdings, Inc. (HAYW): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the company behind the innovative technology that keeps your pool sparkling? Hayward Holdings, Inc. (HAYW), a global designer, manufacturer, and marketer of pool and outdoor living technology, has been shaping the industry for a century. With a strong finish to fiscal year 2024, reporting a 6% increase in net sales to $1,051.6 million and a 47% surge in net income to $118.7 million, how has this company managed to stay ahead, and what's next as they celebrate their 100th anniversary in 2025? Dive in to discover the history, ownership, mission, operational mechanics, and revenue streams that define this industry leader.

Hayward Holdings, Inc. (HAYW) History

Hayward Holdings, Inc. Founding Timeline

Year established

The company traces its origins back to 1925.

Original location

The company was originally located in Hartford, Connecticut.

Founding team members

The founder of the company was Irving M. Hayward.

Initial capital/funding

Details regarding the initial capital or funding for the company's establishment are not readily available.

Hayward Holdings, Inc. Evolution Milestones

Hayward Holdings, Inc. Transformative Moments

• Strategic Acquisitions: The company has grown significantly through strategic acquisitions, such as Arneson Products, Inc. in 2004 and Kripsol Group in 2018. These acquisitions have expanded its product line and global presence, strengthening its position in the pool equipment market.
• Change in Ownership: The company has experienced several changes in ownership, from Novo Industrial Corporation in 1964 to Pamplona Capital Management in 2017. Each change in ownership has brought new strategic directions and investment, shaping the company's trajectory.
• Management Buyout: The management buyout led by Oscar Davis in 1994 was a transformative moment, returning the company to private ownership and potentially refocusing its strategic goals.
• Becoming a Publicly Traded Company: In 2021, the company became a publicly traded company, allowing for greater access to capital markets and increased visibility.

For insights into the company's financial performance, see Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors.

Hayward Holdings, Inc. (HAYW) Ownership Structure

As a publicly traded company, Hayward Holdings, Inc.'s ownership is distributed among various shareholders, including institutional investors, individual investors, and company insiders.

Hayward's Current Status

Hayward Holdings, Inc. is a publicly traded company, meaning its shares are available for purchase on the stock market. This allows a wide range of investors to own a portion of the company.

Hayward's Ownership Breakdown

The ownership of Hayward is distributed among various types of shareholders. As of the fiscal year 2024, the estimated ownership breakdown is as follows:

Hayward's Leadership

The leadership team plays a crucial role in guiding the strategic direction and operational execution of the company. Here are some key members of the leadership team:

• Kevin Holleran: President and Chief Executive Officer
• Eifion Jones: Senior Vice President and Chief Financial Officer
• Robert Davis: Executive Vice President and President, Americas

These individuals, along with other key executives, are responsible for the overall management and performance of Hayward Holdings, Inc.

To gain more insights into the financial stability and performance of Hayward Holdings, Inc., consider exploring: Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors

Hayward Holdings, Inc. (HAYW) Mission and Values

Hayward Holdings, Inc. focuses on engineering smart, sustainable solutions for the global pool and wellness industry, emphasizing innovation, quality, and customer satisfaction. The company's values revolve around integrity, teamwork, and a commitment to creating exceptional experiences for its customers and partners.

Hayward's Core Purpose

Official mission statement

Hayward's mission statement reflects its dedication to enhancing the pool and wellness experience through innovative and reliable products. While a direct, publicly available mission statement from Hayward Holdings, Inc. is not found, we can infer their core mission from their actions and public statements:

• To improve the backyard living experience through the design, manufacture, and marketing of best-in-class pool equipment.
• To provide innovative, energy-efficient, and sustainable solutions.
• To deliver superior customer service and support.

Vision statement

Hayward envisions itself as the leading global provider of pool and wellness solutions, recognized for its innovation, quality, and customer focus. The company aims to transform the pool experience by integrating smart technology and sustainable practices. The vision encompasses:

• Being the preferred choice for pool owners and professionals worldwide.
• Driving industry innovation through continuous research and development.
• Promoting environmental stewardship by offering energy-efficient products.

Company slogan/tagline

Hayward's tagline, 'Clearly the Best,' encapsulates its commitment to providing high-quality, innovative pool solutions. This slogan reflects the company's dedication to excellence and its focus on delivering superior products and services to its customers.

To delve deeper into Hayward's mission, vision, and core values, explore this comprehensive resource: Mission Statement, Vision, & Core Values of Hayward Holdings, Inc. (HAYW).

Hayward Holdings, Inc. (HAYW) How It Works

Hayward Holdings, Inc. operates by manufacturing and marketing a full line of residential and commercial pool equipment and associated automation systems. It focuses on innovation, energy efficiency, and creating a better pool experience for consumers and professionals.

Hayward's Product/Service Portfolio

Hayward's Operational Framework

Hayward Holdings operates through the following key processes:

• Product Development: Hayward focuses on innovation, continually developing new products and technologies to improve pool efficiency, automation, and the overall user experience.
• Manufacturing: The company manufactures its products in various facilities, focusing on quality control and efficient production processes.
• Distribution: Hayward distributes its products through a network of distributors, dealers, and retailers, ensuring broad market coverage.
• Sales and Marketing: Hayward employs a multi-channel sales and marketing strategy, targeting both residential and commercial customers with tailored campaigns and product offerings.
• Customer Support: Hayward provides customer support and technical assistance to ensure customer satisfaction and build brand loyalty.

Hayward's Strategic Advantages

• Brand Recognition: Hayward is a well-known and respected brand in the pool equipment industry, with a long history of quality and innovation.
• Broad Product Portfolio: Hayward offers a comprehensive range of products, providing a one-stop-shop for pool owners and professionals.
• Technological Innovation: Hayward is committed to developing innovative products and technologies, such as energy-efficient pumps and smart pool control systems.
• Extensive Distribution Network: Hayward has a wide distribution network, ensuring that its products are readily available to customers across the globe.
• Strong Customer Relationships: Hayward has built strong relationships with its customers, providing excellent customer support and building brand loyalty.

To gain more insights into the financial performance and stability of Hayward Holdings, Inc., consider exploring this resource: Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors

Hayward Holdings, Inc. (HAYW) How It Makes Money

Hayward Holdings, Inc. primarily generates revenue by manufacturing and marketing a full line of residential and commercial pool equipment and associated automation systems.

Hayward's Revenue Breakdown

While detailed percentage breakdowns for 2024 aren't available in the provided search results, we can discuss the general structure of Hayward's revenue streams based on available information.

Hayward's Business Economics

Hayward's business economics are influenced by several key factors:

• Seasonality: Pool-related sales are highly seasonal, with the strongest demand typically occurring in the spring and summer months. This seasonality affects Hayward's quarterly revenue and profitability.
• Housing Market: The new pool construction market is closely tied to the overall health of the housing market. Economic downturns that impact residential construction can negatively affect Hayward's sales.
• Replacement Cycle: A significant portion of Hayward's revenue comes from the replacement of existing pool equipment. The lifespan of pool equipment and consumer preferences drive this replacement cycle.
• Technological Innovation: Hayward invests in research and development to introduce innovative products, such as smart pool automation systems and energy-efficient equipment. These innovations can command higher prices and increase market share.
• Distribution Network: Hayward relies on a network of distributors, dealers, and retailers to sell its products. The effectiveness of this distribution network impacts its ability to reach customers and generate sales.
• Pricing Strategies: Hayward employs various pricing strategies, including competitive pricing, value-based pricing, and premium pricing for innovative products. These strategies aim to maximize profitability while remaining competitive in the market.

Hayward's Financial Performance

Analyzing Hayward's financial performance involves considering these key points:

• Revenue Growth: Monitoring Hayward's revenue growth rate provides insights into its ability to expand its market share and capitalize on industry trends.
• Gross Profit Margin: The gross profit margin reflects Hayward's efficiency in managing its production costs and pricing its products.
• Operating Income: Operating income indicates Hayward's profitability from its core business operations, excluding interest and taxes.
• Net Income: Net income represents Hayward's bottom-line profitability after all expenses and taxes.
• Cash Flow: Analyzing Hayward's cash flow from operations, investing, and financing activities provides insights into its financial health and ability to fund future growth.

For more insights into Hayward Holdings, Inc., consider reading: Exploring Hayward Holdings, Inc. (HAYW) Investor Profile: Who’s Buying and Why?

Hayward Holdings, Inc. (HAYW) Market Position & Future Outlook

Hayward Holdings stands as a prominent player in the pool equipment industry, maintaining a robust market presence and a forward-looking approach to growth and innovation.

Competitive Landscape

Opportunities & Challenges

Industry Position

• Hayward Holdings holds a strong position in the pool equipment industry, driven by its comprehensive product range and established brand.
• The company focuses on innovation, particularly in smart and energy-efficient pool solutions, to meet evolving consumer preferences and environmental concerns.
• Hayward's commitment to expanding its digital presence and leveraging e-commerce channels enhances its market reach and customer engagement.

To gain more insights into Hayward's core values and strategic vision, explore: Mission Statement, Vision, & Core Values of Hayward Holdings, Inc. (HAYW).