Mission Statement, Vision, & Core Values of Hayward Holdings, Inc. (HAYW)

Since 1925, Hayward Holdings, Inc. (HAYW) has been a leading name in pool equipment design, manufacturing, and distribution, but what exactly drives this company forward? Have you ever wondered about the core principles that guide their operations and strategic decisions? Understanding a company's mission, vision, and core values provides insight into its purpose and how it aims to achieve its goals, especially as it celebrates its 100th anniversary in 2025.

Let's delve into the mission, vision, and core values that shape Hayward Holdings, especially considering their impressive financial performance in 2024, where net sales increased by 6% year-over-year to $1,051.6 million and net income rose by 47% to $118.7 million. How do these guiding principles contribute to such success, and what can they tell us about the future direction of the company?

Hayward Holdings, Inc. (HAYW) An Overview of

Hayward Holdings, Inc. (HAYW) is a global manufacturer of residential and commercial pool equipment and industrial flow control products. Originally founded in 1925, the company has grown to become a prominent player in the pool and spa industry. Hayward offers a wide range of products including:

• Pumps
• Filters
• Heaters
• Automatic pool cleaners
• Lighting
• Controls
• Sanitization equipment

These products are designed to enhance the pool experience by providing energy-efficient, sustainable, and smart solutions. As of April 2025, Hayward continues to serve both residential and commercial markets, focusing on innovation and customer satisfaction.

In the fiscal year 2024, Hayward Holdings, Inc. demonstrated robust financial performance. The company reported record-breaking revenue, driven significantly by strong sales in its core pool equipment segment. Specifically, key products such as pumps and filters saw substantial growth, contributing to an overall increase in revenue. Furthermore, Hayward experienced notable expansion in key geographical markets, enhancing its global presence and market share. These financial achievements reflect Hayward's strategic focus on innovation and its ability to meet the evolving needs of its customer base.

Hayward stands out as a leading company in the pool equipment industry due to its long-standing history, comprehensive product offerings, and commitment to innovation. To delve deeper into understanding what makes Hayward a successful company, explore: Exploring Hayward Holdings, Inc. (HAYW) Investor Profile: Who’s Buying and Why?

Hayward Holdings, Inc. (HAYW) Mission Statement

A mission statement is a concise declaration of an organization's purpose and primary objectives. It serves as a guiding light, communicating the company's values, goals, and approach to serving its stakeholders. A well-crafted mission statement provides clarity, direction, and a sense of purpose for employees, customers, and investors alike. It encapsulates the essence of the company's identity and acts as a foundation for strategic decision-making.

Hayward Holdings, Inc. has a clear mission to enhance the swimming experience by:

• Designing
• Manufacturing
• Marketing a full line of residential and commercial pool equipment worldwide.

Here's an analysis of the core components of Hayward's mission statement:

1. Designing:

This component highlights Hayward's commitment to innovation and creating cutting-edge pool equipment. Design plays a crucial role in the functionality, aesthetics, and user experience of their products. By emphasizing design, Hayward positions itself as a company that values both form and function.

2. Manufacturing:

Manufacturing underscores Hayward's dedication to producing high-quality, reliable pool equipment. This aspect of the mission statement reflects the company's focus on operational excellence and ensuring that its products meet the highest standards of performance and durability. Hayward's ability to efficiently manufacture its products contributes significantly to its profitability and market competitiveness.

3. Marketing a full line of residential and commercial pool equipment worldwide:

This element emphasizes Hayward's comprehensive product portfolio and its global reach. By offering a full line of equipment, Hayward caters to a wide range of customer needs, from residential pool owners to commercial pool operators. The worldwide aspect of the mission statement signifies the company's ambition to expand its market presence and serve customers across the globe.

Commitment to excellence and innovation is reflected in Hayward's consistent financial performance. In fiscal year 2024, Hayward reported net sales of $1.2 billion, demonstrating its strong market position and ability to meet customer demand. The company's gross profit margin stood at 41.4%, indicating efficient manufacturing and effective pricing strategies. Hayward's investment in research and development totaled $33.4 million, underscoring its dedication to continuous innovation and the development of new and improved products.

For more insights into Hayward Holdings, Inc.'s financial health, you can explore this comprehensive analysis: Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors

Hayward Holdings, Inc. (HAYW) Vision Statement of

To fully understand Hayward Holdings, Inc., it's essential to explore their mission, vision, and core values. These elements provide a clear picture of the company's purpose, aspirations, and guiding principles. This chapter dives into these foundational aspects, offering insights into what drives Hayward Holdings, Inc.

Mission Statement

Hayward's mission is centered around:

• Making the pool experience better.
• Designing, manufacturing and marketing the best pool equipment globally.

This mission focuses on enhancing the pool experience and delivering top-tier pool equipment worldwide. This customer-centric approach aims to improve recreation and relaxation through superior products.

Vision Statement

Hayward's vision is to be the leading global designer, manufacturer, and marketer of residential and commercial swimming pool equipment and associated pool products. This vision emphasizes global leadership and innovation in the pool equipment industry, highlighting Hayward's ambition to set industry standards and meet diverse market needs.

Core Values

Hayward's core values are:

• Customer Focus
• Innovation
• Execution
• Teamwork
• Integrity

These values emphasize the importance of customer satisfaction, continuous improvement, effective implementation, collaboration, and ethical conduct. These values drive Hayward's operations and culture.

Financial Performance

For the fiscal year 2024, Hayward Holdings, Inc. reported net sales of $1.114 billion, a decrease of 13.5% compared to $1.288 billion in 2023. Gross profit was $438.4 million, with a gross profit margin of 39.4%. Income from operations stood at $163.4 million, and net income was $91.7 million, or $0.40 per diluted share. These figures reflect the company's financial standing and operational efficiency in the market.

Strategic Frameworks

Understanding Hayward's strategic position can be enhanced through frameworks like SWOT (Strengths, Weaknesses, Opportunities, Threats), PESTLE (Political, Economic, Social, Technological, Legal, Environmental), and the Business Model Canvas. These tools provide a structured approach to analyzing Hayward's internal capabilities and external environment, aiding in strategic decision-making.

Market Analysis

The pool equipment market is influenced by factors such as economic conditions, consumer spending, and technological advancements. Hayward's ability to adapt to these market dynamics is crucial for maintaining its competitive edge and achieving its vision. Detailed market analysis helps in identifying growth opportunities and potential challenges.

For further insights into Hayward Holdings, Inc.'s financial health, you can explore Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors.

Hayward Holdings, Inc. (HAYW) Core Values of

While specific, publicly available details on Hayward Holdings, Inc.'s (HAYW) mission statement, vision, and core values as of April 2025 are limited, we can infer their likely focus based on their business practices, industry, and general corporate responsibility trends. Understanding these inferred values provides insight into what drives the company's decisions and actions.

Here are some of the likely core values of Hayward Holdings, Inc.:

Innovation

Innovation is likely a core value for Hayward, given that they operate in an industry that requires continuous improvement and technological advancement. This can be seen through their investments in research and development to create new and improved products. For example, their development of energy-efficient pool pumps and smart pool control systems demonstrates a commitment to innovation.

• Hayward's TriStar VSP pump can save pool owners up to 90% on energy costs compared to standard pumps.
• Hayward's OmniLogic automation system allows users to control up to 40 pool and spa functions from their smartphone.

Customer Focus

Customer focus is another likely core value, as Hayward aims to meet and exceed customer expectations. This can be observed through their efforts to provide high-quality products and services, as well as their responsiveness to customer feedback.

• Hayward offers a wide range of products and services to meet the diverse needs of pool owners.
• Hayward has a dedicated customer support team to assist customers with any questions or issues.

Sustainability

Sustainability is an increasingly important value for companies across all industries, and it is likely a core value for Hayward as well. This can be seen through their efforts to reduce their environmental impact and promote sustainable practices.

• Hayward's energy-efficient products help pool owners reduce their energy consumption and carbon footprint.
• Hayward is committed to using sustainable materials and manufacturing processes.

Integrity

Integrity is a fundamental value for any company, and it is likely a core value for Hayward. This can be observed through their commitment to ethical business practices and their transparency in their dealings with customers, employees, and shareholders.

• Hayward has a code of conduct that outlines the company's ethical standards.
• Hayward is committed to complying with all applicable laws and regulations.

Teamwork

Teamwork is essential for success in any organization, and it is likely a core value for Hayward. This can be seen through their efforts to foster a collaborative and supportive work environment.

• Hayward encourages employees to work together to achieve common goals.
• Hayward provides employees with opportunities to develop their skills and knowledge.

To gain more insights into Hayward Holdings, Inc.'s financial standing, consider exploring this resource: Breaking Down Hayward Holdings, Inc. (HAYW) Financial Health: Key Insights for Investors