Hayward Holdings, Inc.

General Information

“With roots that go back nearly a century, Hayward has grown from a small, family-run company to a leading manufacturer of pool equipment and provider of enjoyable outdoor experiences.” Hayward CEO and President Kevin Holleran writes in his message, which opens the prospectus. Here’s more from the latest S-1/A filing: “We have an estimated North American residential pool market share of approximately 30%. We believe that we are well-positioned for future growth. We are an industry-leading global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. With the pool as the centerpiece of the growing outdoor living space, the pool industry has attractive market characteristics, including significant aftermarket requirements, innovation-led growth opportunities and a favorable industry structure. We are a leader in this market with a highly recognized brand, one of the largest installed bases of pool equipment in the world, decades-long relationships with our key channel partners and trade customers and a history of technological innovation. Our engineered products, which include various energy efficient and more environmentally sustainable offerings, enhance the pool owner’s outdoor living lifestyle while also delivering high quality water, pleasant ambiance and ease of use for the ultimate backyard experience. Aftermarket replacements and upgrades to higher value Internet-of-Things-enabled (“IoT”) and energy efficient models are a primary growth driver for our business as we estimate that aftermarket sales represented approximately 75% of net sales in Fiscal Year 2020 (the year ended Dec. 31, 2020).

(Note: Hayward Holdings priced its IPO of 40.28 million shares at $17 each – the low end of its $17-to-$19 range – on March 11, 2021, to raise $684.76 million.)

Industry: Pool Equipment & Supplies
Employees: 2555
Founded: 1925
Contact Information
Address 400 Connell Drive Suite 6100 Berkeley Heights, NJ 07922
Phone Number (908) 351-5400
Web Address http://www.hayward-pool.com/
View Prospectus: Hayward Holdings, Inc.
Financial Information
Market Cap $3902.52mil
Revenues $875.4 mil (last 12 months)
Net Income $43.3 mil (last 12 months)
IPO Profile
Symbol HAYW
Exchange NYSE
Shares (millions): 40.3
Price range $17.00 - $17.00
Est. $ Volume $684.8 mil
Manager / Joint Managers BofA Securities/Goldman Sachs/Nomura/Credit Suisse/Morgan Stanley/Baird/Guggenheim Securities/Jefferies
CO-Managers BMO Capital Markets/KeyBanc Capital Markets/William Blair/Houlihan Lokey/Moelis & Co.
Expected To Trade: 3/12/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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