Hayward Bundle
What is the history of Hayward Holdings?
Hayward Holdings, Inc. has been a key player in the pool and outdoor living sector for almost a century, growing from a small metal foundry into a global leader in pool equipment and automation. Celebrating its 100th anniversary in 2025, the company has consistently pushed innovation, especially in energy-efficient and user-friendly solutions.
The company's dedication to technological progress, seen in its SmartPad™ and Omni® connected automation systems, has cemented its leading position in the industry. Its journey is a testament to enduring impact and strategic growth.
Founded in 1925 by Irving M. Hayward in Hartford, Connecticut, the company initially focused on specialty metal valves and industrial flow control. This foundation paved the way for revolutionary pool maintenance products. Today, Hayward Holdings holds a significant market position, with an estimated North American residential pool market share of around 30%.
Hayward's progression from its humble beginnings to its current status as a publicly traded entity with strong financial results highlights its lasting influence. In fiscal year 2024, the company achieved net sales of $1,051.6 million and a net income of $118.7 million, indicating continued robust growth and strategic adaptability. This evolution, from its founding narrative to its future prospects, is a compelling story.
What is the Hayward Founding Story?
The Hayward Company history begins in 1925 when Irving M. Hayward founded the company. Initially, it operated as a metal foundry in Hartford, Connecticut, focusing on specialty metal valves and industrial flow control products. This early specialization laid the groundwork for the company's future innovations.
Hayward Company Origins
The Hayward founder, Irving M. Hayward, established the company in 1925. Its early operations centered on metal foundry work, producing specialty valves and industrial flow control items.
- Founded in 1925 by Irving M. Hayward
- Initial focus on metal foundry and industrial flow control
- Early products included specialty metal valves
- Demonstrated early commitment to robust metal products
A significant shift occurred in 1964 when Oscar Davis acquired the company. Davis, who had experience in plastics manufacturing, recognized the potential to transition from metal to thermoplastics for pool equipment. This strategic pivot marked a crucial turning point, moving the company towards what would become its primary market.
Evolution Under New Ownership
Oscar Davis acquired the company in 1964, bringing a new vision. He saw the opportunity to innovate by using thermoplastics in the pool equipment sector, a departure from traditional metal manufacturing.
- Acquisition by Oscar Davis in 1964
- Introduction of thermoplastics into product lines
- Revolutionized pool equipment manufacturing
- Leveraged growing interest in residential pools
The mid-20th century provided a favorable economic climate for this transition, with a growing demand for residential swimming pools. This period of expansion and adaptation is a key part of the Brief History of Hayward, showcasing its ability to evolve with market trends and technological advancements.
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What Drove the Early Growth of Hayward?
The Hayward Company's journey into the pool industry began with a strategic pivot from industrial metal products. This transformation was significantly propelled by Oscar Davis's acquisition in 1964, which ushered in the innovative use of thermoplastics for pool equipment, fundamentally reshaping the sector and initiating a period of rapid expansion for the company, now known as Hayward Pool Products, Inc.
Pioneering Thermoplastic Filters
During the 1960s and 1970s, the company introduced the first thermoplastic swimming pool filter, a product that greatly simplified pool maintenance. This innovation was a key milestone in the Hayward Company history.
Product Innovation and Market Reach
Following the filter, groundbreaking products like the PoolVac, Super Pump®, and Pro™ Series filters were launched, solidifying the company's reputation. The company also expanded its manufacturing and distribution, reaching pool owners across the United States and globally.
Strategic Acquisitions and Growth
Hayward's growth was further accelerated through strategic acquisitions, such as Arneson Products, Inc. in 2004, which broadened its product offerings to include automatic pool covers. This expansion helped solidify its market position.
Ownership Changes and Recent Developments
The company experienced several ownership transitions, each influencing its strategic direction. A significant event was Pamplona Capital Management's acquisition in 2017, followed by the June 2024 acquisition of ChlorKing, a commercial pool services provider, further broadening its market presence and aligning with the Competitors Landscape of Hayward.
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What are the key Milestones in Hayward history?
The Hayward Company has a rich history marked by significant milestones and continuous innovation in the pool and outdoor living sector. From its early days, the company has been a pioneer, consistently introducing products that set new industry standards. This journey reflects a commitment to technological advancement and strategic growth, navigating market dynamics and challenges to maintain its leadership position.
| Year | Milestone |
|---|---|
| Early Years | Introduced the industry's first thermoplastic swimming pool filter, revolutionizing pool maintenance. |
| Ongoing | Developed benchmark products like the PoolVac, Super Pump®, and Pro™ Series filters. |
| 2004 | Acquired Arneson Products, Inc., expanding its product offerings. |
| April 2021 | Received the ENERGY STAR® Award for Excellence in Product Design for its TriStar® pump line. |
| 2018 | Acquired the Kripsol Group, enhancing its global presence and product lines. |
| June 2024 | Acquired ChlorKing, strengthening its commercial pool services division. |
| Q1 2025 | Launched OmniX, a cost-effective solution for accelerating technology adoption in non-automated pools. |
Hayward has consistently pushed the boundaries of innovation, most notably with its proprietary Omni® connected automation and control technologies, offering users advanced wireless control for their outdoor living spaces. The company's commitment to energy efficiency is underscored by its ENERGY STAR® Award for the TriStar® pump line, highlighting its dedication to sustainable product development.
Thermoplastic Pool Filter
The introduction of the industry's first thermoplastic swimming pool filter marked a significant turning point, simplifying pool maintenance for consumers.
Omni® Connected Automation
This proprietary technology provides enhanced flexibility and wireless control, allowing users to manage their outdoor living environments with greater ease.
ENERGY STAR® Award
Recognition for the TriStar® pump line highlights the company's focus on developing energy-efficient products that benefit both consumers and the environment.
OmniX Launch
The Q1 2025 launch of OmniX aims to democratize smart pool technology, making advanced control accessible to a wider market and increasing equipment integration.
Commercial Aquatics Expansion
The company has strategically expanded its commercial aquatics division, offering a comprehensive and efficient product range tailored for larger facilities.
Strategic Acquisitions
Key acquisitions, such as Arneson Products, Kripsol Group, and ChlorKing, have been instrumental in broadening the company's product portfolio and strengthening its global footprint, supporting its Growth Strategy of Hayward.
Hayward has faced considerable challenges, including market downturns and the impact of tariffs, which estimated an annualized cost increase of approximately $30 million. The company has also navigated a supply chain lawsuit in June 2025, successfully defending against most fraud claims. Despite these hurdles, Hayward has demonstrated remarkable resilience, maintaining strong profitability with a record gross profit margin of 52.7% in Q2 2025 and an adjusted EBITDA margin of 29.5%, largely due to its focus on the aftermarket, which constitutes about 80% of its net sales.
Tariff Impact Mitigation
The company has actively implemented strategies like price adjustments and cost reduction initiatives to counteract the financial impact of tariffs. Efforts are also underway to diversify the supply chain and reduce reliance on specific import sources.
Supply Chain Lawsuit Defense
Hayward successfully defended against a supply chain lawsuit in June 2025, mitigating claims related to investor communications post-pandemic. This outcome underscores the company's robust legal and operational framework.
Market Volatility Navigation
The company has shown an ability to adapt to market downturns and competitive pressures through strategic repositioning. This adaptability is crucial for sustained growth in a dynamic industry.
Maintaining Profitability
Despite external pressures, Hayward has maintained strong financial performance, evidenced by its high gross profit and adjusted EBITDA margins in Q2 2025. This financial strength is a testament to its operational efficiency.
Aftermarket Focus
The company's strategic emphasis on the aftermarket, which accounts for approximately 80% of net sales, provides a stable and predictable revenue stream. This focus enhances financial resilience.
Technological Adaptation
The ongoing investment in and rollout of new technologies like OmniX demonstrate a commitment to staying ahead of market trends. This proactive approach ensures continued relevance and customer engagement.
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What is the Timeline of Key Events for Hayward?
The Hayward Company, with its origins tracing back to 1925, has undergone a significant transformation from its early days in metal valves to becoming a leader in pool and spa equipment. This evolution is marked by strategic acquisitions and a consistent focus on innovation, shaping its journey through nearly a century of operation.
| Year | Key Event |
|---|---|
| 1925 | The Hayward Company was founded by Irving M. Hayward, initially focusing on metal valves and industrial flow control products in Hartford, Connecticut. |
| 1964 | Oscar Davis acquired Hayward, initiating a pivotal shift towards thermoplastic pool equipment. |
| 1969 | Hayward relocated its operations to Elizabeth, New Jersey. |
| 2004 | Hayward expanded its product line by acquiring Arneson Products, Inc., which included automatic pool covers. |
| 2017 | Pamplona Capital Management acquired Hayward. |
| 2018 | Hayward acquired Kripsol Group, enhancing its global presence and product offerings. |
| March 2021 | Hayward Holdings successfully listed on the New York Stock Exchange under the ticker NYSE: HAYW. |
| April 2021 | Hayward's TriStar® pump line was recognized with the ENERGY STAR® Award for Excellence in Product Design. |
| June 2024 | Hayward acquired ChlorKing, a company specializing in commercial swimming pool services. |
| February 2025 | Hayward reported full fiscal year 2024 net sales of $1,051.6 million, a 6% increase year-over-year, and net income of $118.7 million, a 47% surge. |
| May 2025 | Hayward reported Q1 fiscal year 2025 net sales of $228.8 million, an 8% increase year-over-year, and net income of $14.3 million, a 46% increase. |
| July 2025 | Hayward reported Q2 fiscal year 2025 net sales of $299.6 million, a 5% increase year-over-year, and net income of $44.8 million, a 19% increase, alongside the launch of OmniX, a new IoT technology for pool automation. |
Financial Performance and Growth Projections
For fiscal year 2025, Hayward anticipates net sales between $1.070 billion and $1.100 billion, representing a 2-5% increase. Adjusted EBITDA is projected to be between $280 million and $290 million.
Strategic Initiatives and Market Focus
The company is committed to investing in its Omni® connected automation and control technologies and expanding its digital presence. This includes leveraging e-commerce channels to broaden market reach and enhance customer engagement, aligning with their Marketing Strategy of Hayward.
Addressing Challenges and Enhancing Value
Hayward plans to mitigate tariff impacts, projected at $30 million annually for 2025, through strategic price adjustments and cost reductions. The company aims to increase the value of its offerings per pool by providing advanced automation solutions and energy-efficient products.
Industry Outlook and Financial Stability
The pool equipment market is expected to grow at a 7.12% CAGR through 2030, supporting Hayward's long-term prospects. The company maintains a strong balance sheet, with net leverage reduced to 2.1x as of Q2 2025, demonstrating financial resilience.
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