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Hayward Holdings, Inc.

For the period ended Sep 27, 2025. Filed Oct 29, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 27, 2025 · Filed Oct 29, 2025

HAYW$16.61-1.7%Stored close · as of Nov 10, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 27, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-40208

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of

incorporation or organization)

1415 Vantage Park Drive

Suite 400

Charlotte, NC

(Address of Principal Executive

Office)

82-2060643

(I.R.S. Employer Identification No.)

(Zip Code)

(704)837-8002

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $.001 per shareHAYWNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

The registrant had outstanding 216,863,239 shares of common stock as of October 27, 2025.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of Hayward Holdings, Inc. (the “Company,” “we” or “us”) contains certain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (the “Act”) and releases issued by the Securities and Exchange Commission. Such forward-looking statements relating to us are based on the beliefs of our management as well as assumptions made by, and information currently available to, us. These forward-looking statements include, but are not limited to, statements about our strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements contained in or incorporated by reference in this Quarterly Report on Form 10-Q that are not historical facts. When used in this document, words such as “may,” “will,” “should,” “could,” “intend,” “potential,” “continue,” “anticipate,” “believe,” “estimate,” “expect,” “plan,” “target,” “predict,” “project,” “seek” and similar expressions as they relate to us are intended to identify forward-looking statements. We believe that it is important to communicate our future expectations to our shareholders, and we therefore make forward-looking statements in reliance upon the safe harbor provisions of the Act. However, there may be events in the future that we are not able to accurately predict or control, and actual results may differ materially from the expectations we describe in our forward-looking statements.

Examples of forward-looking statements include, among others, statements we make regarding: our financial position; business plans and objectives; general economic and industry trends; business prospects; future product development and acquisition strategies; future channel stocking levels; growth and expansion opportunities; operating results; and working capital and liquidity. The forward-looking statements in this Quarterly Report on Form 10-Q are only predictions. We may not achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place significant reliance on our forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of forward-looking statements taken from third-party industry and market reports.

Important factors that could affect our future results and could cause those results or other outcomes to differ materially from those indicated in our forward-looking statements include the following:

our relationships with and the performance of distributors, builders, buying groups, retailers, e-tailers and servicers who sell our products to pool owners;

the impact of changes in laws, regulations and administrative policy, including those that limit U.S. tax benefits, impact trade agreements, or address the impacts of climate change;

impacts on our business from the sensitivity of our business to seasonality and unfavorable economic and business conditions;

our ability to develop, manufacture and effectively and profitably market and sell our new planned and future products;

the impact of product manufacturing disruptions, including as a result of catastrophe, procurement challenges and other events beyond our control;

competition from national and global companies, as well as lower-cost manufacturers;

the imposition, or threat of imposition, of tariffs and other trade restrictions could adversely affect our business, including as a result of an adverse impact on general economic conditions;

our ability to execute on growth strategies and expansion opportunities;

our exposure to credit risk on our accounts receivable;

impacts on our business from political, regulatory, economic, trade and other risks associated with operating international businesses, including risks associated with geopolitical conflict;

our ability to maintain favorable relationships with suppliers and manage disruptions to our global supply chain and the availability of raw materials;

our ability to identify emerging technological and other trends in our target end markets;

failure of markets to accept new product introductions and enhancements;

the ability to successfully identify, finance, complete and integrate acquisitions;

our reliance on information technology systems and susceptibility to threats to those systems, including cybersecurity threats, and risks arising from our collection and use of personal information data;

our use of artificial intelligence technologies may not be successful and may present business, intellectual property, compliance and reputational risks;

misuse of our technology-enabled products could lead to reduced sales, liability claims or harm to our reputation;

regulatory changes and developments affecting our current and future products;

volatility in currency exchange rates and interest rates;

our ability to service our existing indebtedness and obtain additional capital to finance operations and our growth opportunities;

our ability to establish, maintain and effectively enforce intellectual property protection for our products, as well as our ability to operate our business without infringing, misappropriating or otherwise violating the intellectual property rights of others;

the impact of material cost and other inflation, including as a result of new or increased tariffs;

our ability to attract and retain senior management and other qualified personnel;

the outcome of litigation and governmental proceedings;

uncertainties related to distribution channel inventory practices and the impact on our net sales volumes;

our ability to realize cost savings from restructuring activities; and

other factors set forth in the respective “Risk Factors” section of this Quarterly Report on Form 10-Q and of our Annual Report on Form 10-K for the year ended December 31, 2024.

Many of these factors are macroeconomic in nature and are, therefore, beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from those described in this Quarterly Report on Form 10-Q as anticipated, believed, estimated, expected, intended, planned or projected. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report. Unless required by United States federal securities laws, we neither intend nor assume any obligation to update these forward-looking statements for any reason after the date of this Quarterly Report on Form 10-Q to conform these statements to actual results or to changes in our expectations.

HAYWARD HOLDINGS, INC.
Table of Contents
PART I—FINANCIAL INFORMATION
ITEM 1.Financial Statements (unaudited)1
Unaudited Condensed Consolidated Balance Sheets1
Unaudited Condensed Consolidated Statements of Operations2
Unaudited Condensed Consolidated Statements of Comprehensive Income3
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity4
Unaudited Condensed Consolidated Statements of Cash Flows6
Notes to Unaudited Condensed Consolidated Financial Statements7
Note 1 Nature of Operations and Organization7
Note 2 Significant Accounting Policies7
Note 3 Revenue8
Note 4 Inventories9
Note 5 Accrued Expenses and Other Liabilities9
Note 6 Income Taxes10
Note 7 Long-Term Debt11
Note 8 Derivatives and Hedging Transactions11
Note 9 Fair Value Measurements13
Note 10 Segments and Related Information14
Note 11 Earnings Per Share16
Note 12 Commitments and Contingencies16
Note 13 Leases18
Note 14 Stockholders’ Equity19
Note 15 Stock-based Compensation19
Note 16 Acquisitions and Restructuring20
Note 17 Related-Party Transactions21
Note 18 Accumulated Other Comprehensive Income21
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk38
ITEM 4.Controls and Procedures38
PART II—OTHER INFORMATION
ITEM 1.Legal Proceedings39
ITEM 1A.Risk Factors40
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds41
ITEM 5.Other Information41
ITEM 6.Exhibits42
SIGNATURES43

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