Sean Colman's questions to Hayward Holdings Inc (HAYW) leadership • Q1 2025
Question
Sean Colman, on for Rafe Jadrosich, asked for details on the drivers behind the implied volume decline in the full-year guidance, specifically regarding maintenance versus discretionary spending. He also questioned if price increases could limit automation adoption and asked about early sales trends for the new OmniX platform.
Answer
CFO Eifion Jones explained the guidance assumes a reduction in the discretionary side of the market (new construction, remodel) due to macro uncertainty, while the non-discretionary maintenance business remains resilient. President and CEO Kevin Holleran added that the guidance accounts for a potential trade-down in the aftermarket. Holleran positioned the new, more cost-effective OmniX platform as the solution to mitigate price concerns around automation adoption, noting that initial channel load-in and dealer pull-through have been 'encouraging.'