Hayward Earnings: As Rival Pentair Takes On Water, Firm Finds Solid Ground
Hayward's second-quarter adjusted EPS of $0.26 came in $0.02 above the FactSet consensus estimate. Net sales increased by 6% year over year on higher pricing as volumes stayed flat. Management maintained its full-year outlook and expects net sales growth of around 5% and adjusted EPS of $0.84-$0.87.