James (on behalf of Saree Boroditsky)'s questions to Hayward Holdings Inc (HAYW) leadership • Q3 2024
Question
James, on behalf of Saree Boroditsky, inquired about the progress of the 'early buy' program compared to last year and its expected coverage for 2025. He also asked about feedback from dealers and builders regarding their backlogs and the new construction outlook.
Answer
CEO Kevin Holleran reported that the early buy program is progressing as expected with solid participation, similar to the prior year, but is not yet complete. He explained it helps level-load production and stock the channel for the upcoming season. On the market outlook, Holleran stated he is not hearing that new construction leads are picking up yet, but there is optimism that future interest rate cuts could spark demand. He emphasized that over 50% of revenue comes from the resilient aftermarket.