Hayward Holdings, Inc. (NYSE: HAYW) began Wednesday trading sharply higher. The company, a leading global specialty water management concern focused on designing and manufacturing pool and outdoor living technology and industrial flow control products, today announced financial results for the second quarter of fiscal year 2026, ended June 27.
Net sales increased by 6% to $318.4 million for the second quarter of fiscal 2026. The increase in net sales during the quarter was driven by positive net price to offset inflation and tariffs and the favorable impact from foreign currency translation.
Gross profit increased by 5% to $155.1 million for the second quarter of fiscal 2026. Gross profit margin decreased by 50 basis points to 48.7% primarily due to an increase in cost of sales driven by tariffs and inflation, partially offset by positive net price.
Selling, general, and administrative expense increased by 4% to $64.3 million for the second quarter of fiscal 2026. The increase in SG&A was mainly attributable to higher incentive compensation.
As a percentage of net sales, SG&A decreased to 20.2% for the second quarter of fiscal 2026 as compared to 20.5% in the prior-year period, a decrease of 30 basis points, as the growth in net sales exceeded the growth in SG&A.
HAYW hiked $1.02, or 6.7%, to $16.15.
