Hayward Holdings Inc (HAYW)

History and Background

Hayward Holdings, Inc. was founded in 1925. Initially focused on industrial valves, Hayward shifted its focus to the swimming pool industry in the 1960s and grew through organic growth and strategic acquisitions.

Core Business Areas

• Residential Pool: Manufactures and markets a full line of residential pool equipment and supplies, including pumps, filters, heaters, cleaners, sanitization, automation and lighting.
• Commercial Pool: Provides equipment and solutions for commercial pools and aquatic facilities, including large-scale filtration systems, pumps, and sanitization solutions.

Leadership and Structure

Hayward is led by Kevin Holleran (President and CEO). The organizational structure consists of functional departments like Sales, Marketing, Operations, Finance, and Engineering.

Key Offerings

• TriVac Robotic Pool Cleaner: Robotic pool cleaner designed for residential pools. Competitors: Zodiac, Dolphin. Hard to find specific revenue data. Considered a market leader in Robotic Pool Cleaners.
• AquaRite Salt Chlorination Systems: Salt chlorination system for pool sanitization. Competitors: Pentair, Circupool. Captures the automation system market along with the Salt Chlorination System.
• OmniLogic Automation: Pool automation system for controlling pool and spa functions. Competitors: Pentair, Jandy/Fluidra.Captures the automation system market.

Industry Overview

The pool equipment industry is influenced by factors like housing starts, consumer spending, climate, and technological advancements. It's characterized by established players and increasing demand for energy-efficient and smart pool solutions.

Positioning

Hayward is positioned as a leading provider of innovative and energy-efficient pool equipment and solutions, with a strong brand reputation and extensive distribution network.

Total Addressable Market (TAM)

The global pool equipment market is estimated to be in the billions of dollars. Hayward is positioned to capture a significant portion of this TAM through its diverse product portfolio and market presence. TAM is around $11 Billion.

Key Competitors

• PNTA
• FLUID

Competitive Landscape

Hayward competes with Pentair and Fluidra based on product quality, innovation, and distribution. Hayward's strong brand and extensive portfolio are competitive advantages, but Pentair and Fluidra also have significant market presence.

Historical Growth: Prior to going private, Hayward experienced growth driven by product innovation and market expansion.

Future Projections: Future growth projections are not publicly available due to the company being privately held.

Recent Initiatives: Specific recent initiatives are not publicly available due to the company being privately held.

Hayward Holdings, leveraging a robust brand and diverse product range, has established a strong presence in the pool equipment sector. Innovation is critical to ensure the long-term dominance of their offerings to stay ahead of market trends. Potential threats include economic uncertainty and changing consumer preferences, requiring adaptive strategies. Staying competitive against established rivals and adapting to evolving consumer demand are crucial.

Data Sources:

• Company filings (when publicly traded)
• Industry reports
• Market analysis reports
• Company press releases (Historical)

Disclaimers:

Financial data and market share information may be estimates based on publicly available data prior to Hayward going private. Current information is limited.