Hayward Now Expects FY24 Net Sales Of $1.010B-$1.040B Vs. $1.02B Est. (Prior View: $1.010B-$1.060B)
Portfolio Pulse from Benzinga Newsdesk
Hayward has updated its full-year 2024 guidance, narrowing its net sales expectations to $1.010 billion to $1.040 billion, reflecting better margins but challenging demand in new construction and remodels. Adjusted EBITDA is now expected to be $255 million to $270 million.
July 30, 2024 | 11:21 am
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Hayward has narrowed its FY24 net sales guidance to $1.010 billion to $1.040 billion, reflecting better margins but challenging demand in new construction and remodels. Adjusted EBITDA is now expected to be $255 million to $270 million.
The narrowing of guidance indicates a more precise outlook, with better margins offsetting challenging demand. This mixed update is likely to have a neutral short-term impact on the stock price.
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