HAYWARD HOLDINGS, INC., 10-Q filed on 4/29/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 28, 2026
Apr. 27, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 28, 2026  
Document Transition Report false  
Entity File Number 001-40208  
Entity Registrant Name Hayward Holdings, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 82-2060643  
Entity Address, Address Line One 1415 Vantage Park Drive  
Entity Address, Address Line Two Suite 400  
Entity Address, City or Town Charlotte  
Entity Address, State or Province NC  
Entity Address, Postal Zip Code 28203  
City Area Code 704  
Local Phone Number 837-8002  
Title of 12(b) Security Common stock, $.001 per share  
Trading Symbol HAYW  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   216,962,992
Amendment Flag false  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2026  
Current Fiscal Year End Date --12-31  
Entity Central Index Key 0001834622  
v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 135,794 $ 329,648
Short-term investments 94,935 69,462
Accounts receivable, net of allowances of $1,614 and $1,931, respectively 430,878 280,161
Inventories, net 229,032 210,739
Prepaid expenses 14,702 19,500
Income tax receivable 0 656
Other current assets 42,927 41,080
Total current assets 948,268 951,246
Property, plant and equipment, net of accumulated depreciation of $130,634 and $125,807, respectively 165,466 164,560
Goodwill 949,778 951,197
Trademark 736,000 736,000
Customer relationships, net 172,865 178,126
Other intangibles, net 85,854 88,899
Other non-current assets 77,352 80,956
Total assets 3,135,583 3,150,984
Current liabilities    
Current portion of long-term debt 11,053 13,261
Accounts payable 86,097 77,007
Accrued expenses and other liabilities 178,408 224,222
Income taxes payable 15,231 8,754
Total current liabilities 290,789 323,244
Long-term debt, net 942,756 943,547
Deferred tax liabilities, net 227,734 227,449
Other non-current liabilities 62,570 63,736
Total liabilities 1,523,849 1,557,976
Commitments and contingencies (Note 12)
Stockholders’ equity    
Preferred stock, $0.001 par value, 100,000,000 authorized, no shares issued or outstanding as of March 28, 2026 and December 31, 2025 0 0
Common stock $0.001 par value, 750,000,000 authorized; 246,928,772 issued and 217,662,403 outstanding at March 28, 2026; 246,272,783 issued and 217,356,414 outstanding at December 31, 2025 247 247
Additional paid-in capital 1,113,530 1,109,522
Common stock in treasury; 29,266,369 and 28,916,369 at March 28, 2026 and December 31, 2025, respectively (370,720) (363,182)
Retained earnings 874,493 851,134
Accumulated other comprehensive loss (5,816) (4,713)
Total stockholders’ equity 1,611,734 1,593,008
Total liabilities and stockholders’ equity $ 3,135,583 $ 3,150,984
v3.26.1
Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Accounts receivable, allowances $ 1,614 $ 1,931
Property, plant, and equipment, accumulated depreciation $ 130,634 $ 125,807
Preferred shares par value (in usd per share) $ 0.001 $ 0.001
Preferred stock authorized (in shares) 100,000,000 100,000,000
Preferred stock issued (in shares) 0 0
Preferred stock outstanding (in shares) 0 0
Common stock, par value (in usd per share) $ 0.001 $ 0.001
Common stock, authorized (in shares) 750,000,000 750,000,000
Common stock issued (in shares) 246,928,772 246,272,783
Common stock outstanding (in shares) 217,662,403 217,356,414
Common treasury stock (in shares) 29,266,369 28,916,369
v3.26.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Income Statement [Abstract]    
Net sales $ 255,216 $ 228,841
Cost of sales 136,515 123,588
Gross profit 118,701 105,253
Selling, general and administrative expense 62,586 56,995
Research, development and engineering expense 6,756 5,986
Acquisition and restructuring related expense 505 1,926
Amortization of intangible assets 6,366 6,835
Operating income 42,488 33,511
Interest expense, net 11,507 13,651
Loss on debt extinguishment 201 0
Other expense, net 666 1,179
Total other expense 12,374 14,830
Income from operations before income taxes 30,114 18,681
Provision for income taxes 6,755 4,348
Net income $ 23,359 $ 14,333
Earnings per share    
Basic (in usd per share) $ 0.11 $ 0.07
Diluted (in usd per share) $ 0.11 $ 0.06
Weighted average common shares outstanding    
Basic (in shares) 217,359,824 215,962,018
Diluted (in shares) 222,423,409 221,851,399
v3.26.1
Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 23,359 $ 14,333
Other comprehensive (loss) income:    
Foreign currency translation adjustments, gross (2,923) 3,729
Foreign currency translation adjustments, taxes 0 0
Foreign currency translation adjustments, net (2,923) 3,729
Net change on cash flow hedges, gross 2,427 (6,250)
Net change on cash flow hedges, taxes (607) 1,562
Net change on cash flow hedges, net 1,820 (4,688)
Comprehensive income $ 22,256 $ 13,374
v3.26.1
Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Dec. 31, 2024   215,778,520        
Beginning balance at Dec. 31, 2024 $ 1,423,647 $ 245 $ 1,093,468 $ (358,133) $ 699,564 $ (11,497)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 14,333       14,333  
Stock-based compensation 2,935   2,935      
Issuance of common stock (in shares)   425,617        
Issuance of common stock 416   416      
Taxes paid for net share settlement of equity awards (993)     (993)    
Other comprehensive loss (959)         (959)
Ending balance (in shares) at Mar. 29, 2025   216,204,137        
Ending balance at Mar. 29, 2025 $ 1,439,379 $ 245 1,096,819 (359,126) 713,897 (12,456)
Beginning balance (in shares) at Dec. 31, 2025 217,356,414 217,356,414        
Beginning balance at Dec. 31, 2025 $ 1,593,008 $ 247 1,109,522 (363,182) 851,134 (4,713)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 23,359       23,359  
Stock-based compensation 3,624   3,624      
Issuance of common stock (in shares)   655,989        
Issuance of common stock 384   384      
Repurchase of common stock (in shares)   (350,000)        
Repurchase of common stock (5,851)     (5,851)    
Taxes paid for net share settlement of equity awards (1,687)     (1,687)    
Other comprehensive loss $ (1,103)         (1,103)
Ending balance (in shares) at Mar. 28, 2026 217,662,403 217,662,403        
Ending balance at Mar. 28, 2026 $ 1,611,734 $ 247 $ 1,113,530 $ (370,720) $ 874,493 $ (5,816)
v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Cash flows from operating activities    
Net income $ 23,359 $ 14,333
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation 5,949 6,263
Amortization of intangible assets 8,181 8,535
Amortization of deferred debt issuance fees 826 837
Stock-based compensation 3,624 2,935
Deferred income taxes (benefit) (273) (709)
Allowance for credit losses (282) (5)
Loss on sale/disposal of property, plant and equipment 689 11
Changes in operating assets and liabilities    
Accounts receivable (151,601) (13,931)
Inventories (18,915) (14,977)
Other current and non-current assets 6,174 7,918
Accounts payable 9,220 13,519
Accrued expenses and other liabilities (37,588) (30,579)
Net cash used in operating activities (150,637) (5,850)
Cash flows from investing activities    
Purchases of property, plant, and equipment (7,132) (5,517)
Software development costs (152) (595)
Proceeds from sale of property, plant, and equipment 0 1
Purchases of short-term investments (84,880) 0
Proceeds from short-term investments 60,000 0
Net cash used in investing activities (32,164) (6,111)
Cash flows from financing activities    
Payments of long-term debt (3,384) (590)
Payments of short-term notes payable 0 (1,788)
Purchase of common stock (5,851) 0
Taxes paid for net share settlement of equity awards (1,687) (993)
Other, net (43) (364)
Net cash used in financing activities (10,965) (3,735)
Effect of exchange rate changes on cash and cash equivalents (88) 440
Change in cash and cash equivalents (193,854) (15,256)
Cash and cash equivalents, beginning of period 329,648 196,589
Cash and cash equivalents, end of period 135,794 181,333
Supplemental disclosures of cash flow information:    
Cash paid-interest 9,248 9,826
Cash paid-income taxes, net of refunds (126) 151
Non-cash investing and financing activities:    
Accrued and unpaid purchases of property, plant, and equipment 1,891 2,232
Equipment financed under finance leases $ 0 $ 103
v3.26.1
Nature of Operations and Organization
 3 Months Ended
Mar. 28, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations and Organization
1. Nature of Operations and Organization
Hayward Holdings, Inc. (“Hayward,” the “Company,” “we,” “our” or “us”) is a leading global specialty water management company focused on designing and manufacturing pool and outdoor living technology and industrial flow control products. The Company has seven manufacturing facilities worldwide, which are located in North Carolina, Georgia, Tennessee, Rhode Island, Spain (two) and China, and other facilities in the United States, Canada, France and Australia. Cash flow is impacted by the seasonality of the swimming pool business. Cash flow is usually higher in the second and third quarters due to terms of sale to our customers.
We establish actual interim closing dates using a fiscal calendar in which our fiscal quarters end on the Saturday closest to and before the calendar quarter end, with the exception of year-end, which ends on December 31 of each fiscal year. The interim closing date for the first, second and third quarters of 2026 are March 28, June 27, and September 26, compared to the respective March 29, June 28, and September 27, 2025 dates. We had one fewer working day for the three months ended March 28, 2026 compared to the three months ended March 29, 2025.
v3.26.1
Significant Accounting Policies
 3 Months Ended
Mar. 28, 2026
Accounting Policies [Abstract]  
Significant Accounting Policies
2. Significant Accounting Policies
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information.
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Hayward Holdings, Inc. and its direct wholly owned subsidiary, Hayward Intermediate, Inc., are holding companies with no other operations, material assets or liabilities other than the ownership by Hayward Intermediate, Inc. of all of the equity interests in Hayward Industries, Inc., which is the borrower under our First Lien Term Facility and ABL Revolving Credit Facility (collectively, the “Credit Facilities”). Refer to Note 21. Condensed Financial Information of Registrant (Parent Company Only) of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025 for the financial information detail of the holding company, Hayward.
These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto for the fiscal year ended December 31, 2025. The results of operations for the three months ended March 28, 2026 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending December 31, 2026.
All intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified for comparative purposes to conform to the current presentation.
During the fourth quarter of 2025, the Company changed its accounting principle related to the presentation of warranty costs. Prior period amounts have been updated to conform to the current year presentation for the change in accounting principle.
Accounts Receivable, Net
On July 3, 2024, the Company entered into a Receivables Purchase Agreement under which it may offer to sell eligible accounts receivable. The agreement is uncommitted and the eligible accounts receivable to be sold under the agreement consist of up to $125 million in accounts receivable generated by sales to specified customers of the Company. The Company will be paid a discounted purchase price for each receivable sold. The discount rate used to determine the purchase price for the subject receivables is based upon an annual interest rate equal to the forward-looking term rate based on the secured overnight financing rate for the period of time between payment to the Company and the due date for the receivable plus a buffer period specific to the obligor, plus a margin applicable to the specified obligor.
Transactions under this agreement are accounted for as sales of accounts receivable, and the receivables sold are removed from the unaudited condensed consolidated balance sheets at the time of the sales transaction. For ease of administration, the Company collects customer payments related to the receivables sold and remits those payments to the purchaser. Proceeds received from the sales of accounts receivable are classified as operating cash flows in the unaudited condensed consolidated statements of cash flows . We record the discount in the “Other expense, net” line in the unaudited condensed consolidated statements of operations . The Company, as the servicer under the Receivables Purchase Agreement, continues to service the accounts receivable sold. No sales of accounts receivable occurred during the three months ended March 28, 2026. For the three
months ended March 29, 2025, there were $99.1 million of proceeds from the sale of $100.0 million of receivables under the Receivables Purchase Agreement, and $100.0 million of sold receivables remained to be collected and remitted to the transferee as of March 29, 2025. The loss recognized on the sales for the three months ended March 29, 2025 was $0.9 million.
Recently Issued Accounting Standards
Disaggregation of Income Statement Expenses
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Disaggregation of Income Statement Expenses, which includes requirements that an entity disclose in the notes to the financial statements specified information about certain costs and expenses, including the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation and (d) intangible asset amortization included in each relevant expense caption presented on the statement of operations. The standard also requires disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, as well as the total amount of selling expenses and an entity’s definition of selling expenses. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the standard on its disclosures.
Intangibles - Goodwill and Other Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal‑use software by eliminating references to prescriptive development stages and replacing them with a principles‑based capitalization model. Under the new approach, entities can begin capitalizing software development costs once management has authorized and committed funding and it is “probable to complete” (i.e., probable that the software will be completed and used), provided there is no “significant development uncertainty.” The update also aligns disclosure of capitalized internal software costs with those for property, plant, and equipment, and permits entities to adopt the standard via prospective, modified, or retrospective transition methods. The amendments in this update are effective for fiscal years and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the standard on its condensed financial statements and related disclosures.
v3.26.1
Revenue
 3 Months Ended
Mar. 28, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
3. Revenue
The following table disaggregates net sales between product groups and geographic regions, respectively (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Product groups
Residential pool$223,802 $201,777 
Commercial pool17,917 15,010 
Flow control13,497 12,054 
Total$255,216 $228,841 
Geographic
United States$192,143 $173,072 
Canada17,654 13,997 
Europe31,766 27,957 
Rest of World13,653 13,815 
Total International63,073 55,769 
Total$255,216 $228,841 
v3.26.1
Inventories
 3 Months Ended
Mar. 28, 2026
Inventory Disclosure [Abstract]  
Inventories
4. Inventories
Inventories, net, consist of the following (in thousands):
March 28, 2026December 31, 2025
Raw materials$86,203 $80,148 
Work in progress23,151 21,180 
Finished goods119,678 109,411 
Total$229,032 $210,739 
v3.26.1
Accrued Expenses and Other Liabilities
 3 Months Ended
Mar. 28, 2026
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities
5. Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
March 28, 2026December 31, 2025
Selling, promotional and advertising$43,025 $71,618 
Warranty reserve27,964 26,800 
Insurance reserve20,368 30,410 
Inventory purchases19,723 16,315 
Employee compensation and benefits16,761 37,230 
Freight10,907 8,926 
Payroll taxes10,688 5,195 
Operating lease liability - short term9,446 10,048 
Accrued interest4,874 505 
Taxes - non income4,135 2,987 
Deferred income3,604 3,211 
Professional fees2,124 2,548 
Other accrued liabilities4,789 8,429 
Total
$178,408 $224,222 
The Company offers warranties on certain of its products and records an accrual for estimated future claims. Such accruals are based on historical experience and management’s estimate of the level of future claims.
The following table summarizes the warranty reserve activities (in thousands):

Balance at December 31, 2025
$26,800 
Accrual for warranties issued during the period 8,136 
Payments(6,972)
Balance at March 28, 2026
$27,964 

Balance at December 31, 2024
$25,306 
Accrual for warranties issued during the period 8,122 
Payments(6,741)
Balance at March 29, 2025
$26,687 
Warranty expenses were $8.1 million for each of the three months ended March 28, 2026 and March 29, 2025.
v3.26.1
Income Taxes
 3 Months Ended
Mar. 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
6. Income Taxes
The Company’s effective tax rate for the three months ended March 28, 2026 and March 29, 2025 was 22.4% and 23.3%, respectively, after discrete items. The change in the Company’s effective tax rate was primarily driven by lower state taxes.
The Company will recognize a tax benefit in the financial statements for an uncertain tax position only if the Company’s assessment is that the position is “more likely than not” (i.e., a likelihood greater than 50 percent) to be allowed by the tax jurisdiction based solely on the technical merits of the position. The term “tax position” refers to a position in a previously filed tax return or a position expected to be taken in a future tax return that is reflected in measuring current or deferred income tax assets and liabilities for financial reporting purposes. There were uncertain tax positions of $0.5 million as of both March 28, 2026 and December 31, 2025.
In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Management evaluates the need for valuation allowances on the deferred tax assets according to the provisions of ASC 740, Income Taxes. In making this determination, the Company assesses all available evidence (positive and negative) including recent earnings, internally-prepared taxable income projections, and historical financial performance.
v3.26.1
Long-Term Debt, Net
 3 Months Ended
Mar. 28, 2026
Debt Disclosure [Abstract]  
Long-Term Debt, Net
7. Long-Term Debt, Net
Long-term debt, net, consists of the following (in thousands):
March 28, 2026December 31, 2025
First Lien Term Facility, due May 28, 2028$955,000 $955,000 
ABL Revolving Credit Facility— — 
Other bank debt1,429 4,826 
Finance lease obligations3,422 3,639 
Subtotal959,851 963,465 
Less: Current portion of the long-term debt(11,053)(13,261)
Less: Unamortized debt issuance costs(6,042)(6,657)
Total$942,756 $943,547 
On June 18, 2025, the Company entered into the Fifth Amendment to its existing ABL Revolving Credit Facility (the “ABL Facility”) to extend the maturity date to February 25, 2028. The amendment also included the removal of the 10 basis points credit spread adjustment previously applicable to Secured Overnight Financing Rate borrowings and the removal of the first-in, last-out subfacility.
The Credit Facilities contain collateral requirements, restrictions, and covenants, including restrictions under the First Lien Term Facility on the Company’s ability to pay dividends on the Company's common stock, par value $0.001 per share (“Common Stock”). Under the agreement governing the First Lien Credit Facility (the “First Lien Credit Agreement”), the Company must also make an annual mandatory prepayment of principal commencing April 2023 for between 0% and 50% of the excess cash, as defined in the First Lien Credit Agreement, generated in the prior calendar year. The amount due varies with the First Lien Leverage Ratio as defined in the First Lien Credit Agreement, from zero if the First Lien Leverage Ratio is less than or equal to 2.5x, to fifty percent if the First Lien Leverage Ratio is greater than 3.0x less certain allowed deductions. The Company did not have a mandatory prepayment in 2026 based on the First Lien Leverage Ratio as of December 31, 2025 and the applicable criteria under the First Lien Credit Agreement. All outstanding principal under the First Lien Credit Agreement is due at maturity on May 28, 2028. As of March 28, 2026, the Company was in compliance with all covenants under the Credit Facilities.
v3.26.1
Derivatives and Hedging Transactions
 3 Months Ended
Mar. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Transactions
8. Derivatives and Hedging Transactions
The Company holds derivative financial instruments for the purpose of hedging the risks of certain identifiable and anticipated transactions. In general, the types of risks hedged are those relating to the variability of future earnings and cash flows caused by movements in foreign currency exchange rates and interest rates. In hedging the transactions, the Company in the normal course of business, holds the following types of derivatives.
Interest Rate Swap Agreements
The Company enters into interest rate swap agreements designated as cash flow hedges to manage its interest rate risk related to its variable rate debt obligations. As cash flow hedges, unrealized gains are recognized as assets while unrealized losses are recognized as liabilities. The interest rate swap agreements are highly correlated to the changes in interest rates to which the Company is exposed. Unrealized gains and losses on these instruments have been designated as effective and as such, the related gains or losses have been recorded as a component of accumulated other comprehensive (loss) income, net of tax.
Other comprehensive income or loss is reclassified into current period income when the hedged interest expense affects earnings.
The Company was a party to interest rate swap agreements with an aggregate notional amount of $700.0 million and $600.0 million as of March 28, 2026 and December 31, 2025, respectively. The increase was attributable to a temporary timing overlap between the instrument that matured at the end of March 2026 and the instrument that became effective at the beginning of the Company's fiscal second quarter to replace the expiring notional amount.
As of March 28, 2026, a notional amount of $100.0 million matures in fiscal April 2026, a notional amount of $250.0 million matures in January 2027, a notional amount of $100.0 million matures in March 2027, and a notional amount of $250.0 million matures in March 2028.
Foreign Exchange Contracts
The Company periodically enters into foreign exchange contracts to manage risks associated with foreign currency transactions and future variability of intercompany cash flows arising from those transactions that may be adversely affected by changes in exchange rates. These contracts are marked-to-market with the resulting gains and losses recognized in earnings. For the three months ended March 28, 2026 and March 29, 2025, the Company recognized $0.8 million of income and $0.8 million of expense, respectively, in Other expense, net, related to foreign exchange contracts.
The following table summarizes the gross fair values and location on the unaudited condensed consolidated balance sheets of the Company’s significant derivative instruments (in thousands):
Other Current AssetsOther Non-Current AssetsAccrued Expenses and Other LiabilitiesOther Current AssetsOther Non-Current AssetsAccrued Expenses and Other LiabilitiesOther Non-Current Liabilities
March 28, 2026December 31, 2025
Interest rate swaps$4,804 $2,042 $42 $— $4,680 $122 $180 
Foreign exchange contracts424 — 475 129 — 884 — 
Total$5,228 $2,042 $517 $129 $4,680 $1,006 $180 
The following table presents the effects of derivative instruments by contract type in accumulated other comprehensive (loss) income (“AOCI”) in the Company’s unaudited condensed consolidated financial statements (in thousands):
Gain (Loss) Recognized in AOCI (1)
Gain (Loss) Reclassified From AOCI to Earnings (2)
Location of Gain (Loss) Reclassified from AOCI into Earnings
Three Months EndedThree Months Ended
March 28, 2026March 29, 2025March 28, 2026March 29, 2025
Interest rate swaps (3)
$3,791 $(3,460)$1,364 $2,790 Interest expense, net
(1) The tax expense and benefit, respectively, on the gain (loss) recognized in AOCI for the three months ended March 28, 2026 and March 29, 2025 was $0.9 million and $0.9 million, respectively.
(2) The tax expense on the gain reclassified from AOCI to earnings for the three months ended March 28, 2026 and March 29, 2025 was $0.3 million and $0.7 million, respectively.
(3) The Company estimates that $6.4 million of unrealized gains will be reclassified from AOCI into earnings in the next 12 months.
v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 28, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
9. Fair Value Measurements
The Company is required to disclose the estimated fair values of all financial instruments, even if they are not carried at their fair value. The fair values of financial instruments are estimates based upon market conditions and perceived risks. These estimates require management’s judgment and may not be indicative of the future fair values of the assets and liabilities.
The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy:
•Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities.
•Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities.
•Level 3 - One or more inputs are unobservable and significant.
Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s financial instruments include cash and cash equivalents, short-term investments, accounts receivable, and accounts payable. The carrying amount of these instruments approximate fair value because of their short-term nature.
The Company’s interest rate swaps and foreign exchange contracts are measured in the financial statements at fair value on a recurring basis. The fair values of these instruments are estimated using industry standard valuation models using market-based observable inputs, including interest rate curves. These instruments are customary, over-the-counter contracts with various bank counterparties. Accordingly, the fair value measurements of the interest rate swaps and foreign exchange contracts are categorized as Level 2.
The Company’s investment plan assets as part of the nonqualified Hayward Industries Supplemental Retirement Plan (the “Supplemental Retirement Plan”) are presented in the financial statements at fair value on a recurring basis and are based on quoted market prices in active markets. Accordingly, the fair value measurements of the Supplemental Retirement Plan assets are categorized as Level 1. The value of investments related to the Supplemental Retirement Plan is included in other assets and a corresponding liability to participants is recorded in other liabilities.
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis (in thousands):
March 28, 2026December 31, 2025
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Assets:
Interest rate swaps
$— $6,846 $— $6,846 $— $4,680 $— $4,680 
Foreign exchange contracts
— 424 — 424 — 129 — 129 
Supplemental Retirement Plan assets
11,188 — — 11,188 10,405 — — 10,405 
Liabilities:
Interest rate swaps
$— $42 $— $42 $— $302 $— $302 
Foreign exchange contracts
— 475 — 475 — 884 — 884 
Supplemental Retirement Plan liabilities
11,188 — — 11,188 10,405 — — 10,405 
The estimated fair value of the long-term debt and related current maturities (excluding finance leases and other bank debt) is based on observable quoted prices in active markets for similar liabilities and is classified as a Level 2 input. The Company's short-term investments are held-to-maturity fixed income securities and carried at amortized cost.
The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value (in thousands):
March 28, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Assets:
Short-term investments (1)
Commercial paper
$19,935 $19,935 $69,462 $69,462 
Time deposits75,000 75,000 $— $— 
Liabilities:
Long-term debt and related current maturities$955,000 $958,581 $955,000 $960,969 
(1) The Company held $94.9 million in held-to-maturity debt securities with maturity dates within one year. The fair value of the Company's held-to-maturity debt securities approximates their amortized cost.
v3.26.1
Segments and Related Information
 3 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Segments and Related Information
10. Segments and Related Information
The Company’s operational and management structure is aligned to its key geographies and go-to market strategy resulting in two reportable segments: North America (“NAM”) and Europe & Rest of World (“E&RW”). Operating segments have not been aggregated to form the reportable segments. The Company’s CODM is the President and Chief Executive Officer. The Company determined its reportable segments based on how the Company’s CODM reviews the Company’s operating results in assessing performance and allocating resources. The CODM uses segment income in assessing performance of and allocating resources to the reportable segments. Segment income is defined as net sales less cost of sales, less segment selling, general and administrative expense (“SG&A”) and segment research development and engineering expense (“RD&E”), excluding acquisition and restructuring related expense, as well as amortization of intangible assets recorded within SG&A expense.
The CODM does not evaluate reportable segments using asset information as these are managed on an enterprise-wide basis. The accounting policies of the segments are the same as those of Hayward.
NAM manufactures and sells residential and commercial swimming pool equipment and supplies as well as equipment that controls the flow of fluids.
E&RW manufactures and sells residential and commercial swimming pool equipment and supplies.
The Company sells its products primarily through distributors and retailers. Financial information by reportable segment, net of intercompany transactions, is included in the following summary (in thousands):
Three Months EndedThree Months Ended
March 28, 2026March 29, 2025
NAM
E&RW
Total
NAM
E&RW
Total
External net sales$209,797 $45,419 $255,216 $187,069 $41,772 $228,841 
Significant Segment Expenses
Cost of Sales107,376 29,139 136,515 95,826 27,762 123,588 
Segment selling, general and administrative expense45,473 7,683 53,156 42,132 7,143 49,275 
Research, development and engineering expense6,442 314 6,756 5,657 329 5,986 
Segment income50,506 8,283 58,789 43,454 6,538 49,992 
Capital expenditures (1)
7,227 57 7,284 5,900 212 6,112 
Depreciation and amortization (1)(2)
6,829 508 7,337 7,200 414 7,614 
Intersegment sales5,663 119 5,782 6,684 63 6,747 

(1) Capital expenditures and depreciation associated with Corporate are not included in these totals.
(2) Amortization expense excluded from segment income is not included in these totals.
The following table presents a reconciliation of segment income to income from operations before income taxes (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Total segment income$58,789 $49,992 
Corporate expense, net9,430 7,720 
Acquisition and restructuring related expense505 1,926 
Amortization of intangible assets6,366 6,835 
Operating income42,488 33,511 
Interest expense, net11,507 13,651 
Loss on debt extinguishment201 — 
Other (income) expense, net666 1,179 
Total other expense12,374 14,830 
Income from operations before income taxes$30,114 $18,681 
v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 28, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
11. Earnings Per Share
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except share and per share data):
Three Months Ended
March 28, 2026March 29, 2025
Net income attributable to common stockholders$23,359 $14,333 
Weighted average number of common shares outstanding, basic217,359,824 215,962,018 
Effect of dilutive securities(a)
5,063,585 5,889,381 
Weighted average number of common shares outstanding, diluted222,423,409 221,851,399 
Earnings per share attributable to common stockholders, basic$0.11 $0.07 
Earnings per share attributable to common stockholders, diluted$0.11 $0.06 
(a) For the three months ended March 28, 2026 and March 29, 2025, there were potential common shares totaling approximately 2.0 million and 1.8 million, respectively, that were excluded from the computation of diluted EPS as the effect of inclusion of such shares would have been anti-dilutive.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 28, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
12. Commitments and Contingencies
Litigation
The Company is involved in litigation arising in the normal course of business, including involving product liability claims. Where appropriate, these matters have been submitted to the Company’s insurance carrier. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. It is not possible to quantify the ultimate liability, if any, in these matters.
On August 2, 2023, a securities class action complaint was filed in the United States District Court for the District of New Jersey against the Company and certain of its current directors and officers (Kevin Holleran and Eifion Jones) and MSD Partners, L.P. and CCMP Capital Advisors, LP on behalf of a putative class of stockholders who acquired shares of the Company’s Common Stock between March 2, 2022 and July 27, 2022. That action is captioned City of Southfield Fire and Police Retirement System vs. Hayward Holdings, Inc., et al., 2:23-cv-04146-WJM-ESK (D.N.J.) (“City of Southfield”). On September 28, 2023, a second, related securities class action complaint was filed in the United States District Court for the District of New Jersey against the Company and certain of its current directors and officers (Kevin Holleran and Eifion Jones) and MSD Partners, L.P. and CCMP Capital Advisors, LP on behalf of a putative class of stockholders who acquired shares of the Company’s Common Stock between October 27, 2021 and July 28, 2022. That action is captioned Erie County Employees’ Retirement System vs. Hayward Holdings, Inc., et al., 2:23-cv-04146-WJM-ESK (D.N.J.) (“Erie County”). On December 19,
2023, the Court issued a ruling consolidating the two securities class actions (City of Southfield and Erie County) under the City of Southfield docket (the “Securities Class Action”) and appointing a lead plaintiff. In a consolidated class action complaint filed March 4, 2024, the lead plaintiff alleged on behalf of a putative class of stockholders who acquired shares of the Company's common stock between October 27, 2021 and July 28, 2022, among other things, that the Company, Kevin Holleran, and Eifion Jones violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (by, among other things, making materially false or misleading statements regarding inventory, growth, and demand trends and the Company’s financial projections for 2022. On October 2, 2024, the Court issued an Opinion and Order dismissing the consolidated class action complaint and granting the lead plaintiff leave to file an amended complaint within 30 days. On November 1, 2024, the lead plaintiff filed a consolidated amended class action complaint making substantially similar allegations as in the consolidated class action complaint, but adding additional defendants affiliated with MSD Partners, L.P. and CCMP Capital Advisors, LP. On December 18, 2024, the Company and all other defendants moved to dismiss the consolidated amended class action complaint. On June 4, 2025, the Court issued an Opinion and Order granting in part and denying in part the motion to dismiss. The Court thereafter ordered the parties to mediation. On November 20, 2025, the parties reported to the Court that they had reached a settlement in principle, which is subject to Court approval. On February 28, 2026, the Court granted preliminary approval of settlement. The final settlement hearing is scheduled for July 28, 2026. The Securities Class Action seeks unspecified monetary damages on behalf of a putative class and an award of costs and expenses, including reasonable attorneys’ fees.
On November 27, 2023, a shareholder derivative lawsuit was filed in the United States District Court for the District of New Jersey against current and past officers and directors of the Company captioned Heicklen v. Holleran, et al., 2:23-cv-22649 (D.N.J.) (the “Heicklen Action”). On August 28, 2025, a second shareholder derivative lawsuit was filed in the United States District Court for the District of New Jersey against current and past officers and directors of the Company, as well as defendants affiliated with MSD Partners, L.P., CCMP Capital Advisors, LP, and Alberta Investment Management Corporation captioned Hertzog v. Holleran, et al., 2:25-cv-14856 (D.N.J.) (the “Hertzog Action”). On November 18, 2025, a third shareholder derivative lawsuit was filed in the Court of Chancery of the State of Delaware against certain current and past officers and directors of the Company, as well as defendants affiliated with MSD Partners, L.P. and CCMP Capital Advisors, LP captioned Roberta Tackett, Aqua Palace, LLC and Jennifer Roberts vs. Hayward Holdings, Inc., et. al., C.A. No. 2025-1344 (Del. Ch.) (the “Tackett Action”). On April 9, 2026, a fourth shareholder derivative lawsuit was filed in the Court of Chancery of the State of Delaware against certain current and past officers and directors of the Company captioned David Aitken vs. Kevin Holleran, et al., C.A. 2026-0472 (Del. Ch.) (the "Aitken Action" and together with the Heicklen, Hertzog, and Tackett Actions, the "Derivative Actions"). The Derivative Actions allege claims for breaches of fiduciary duties to Company stockholders and/or aiding and abetting breaches of fiduciary duties in connection with the claims in the Securities Class Action. The Heicklen Action also alleges claims for unjust enrichment, corporate waste, and violations of Section 10(b) of the Exchange Act. The Hertzog Action also alleges claims for insider trading, corporate waste, and violations of Sections 14(a), 21D, 20(a), 29(B) of the Exchange Act. The Tackett Action also alleges claims for insider trading and aiding and abetting insider trading. The Aitken Action also alleges claims for unjust enrichment and waste of corporate assets. The plaintiffs in the Derivative Actions seek recovery of unspecified compensatory and punitive damages and attorneys' fees and costs, improvements to the Company’s corporate governance and internal procedures, disgorgement, and restitution. The Heicklen and Hertzog Actions are presently stayed. In the Tackett and Aitken Actions, defendants’ time to respond to the complaint has not yet commenced.
We dispute the allegations of wrongdoing in the Securities Class Action and the Derivative Actions. During the three months ended March 28, 2026, the Company’s insurance carriers paid $10.0 million of the Securities Class Action settlement. As of March 28, 2026, the Company has $9.9 million of the loss contingency and $7.3 million of insurance receivables related to the settlement, which are recorded within accrued expenses and other liabilities and other current assets on the consolidated balance sheets, respectively. In view of the complexity and ongoing and uncertain nature of the outstanding proceedings and inquiries, at this time we are unable to estimate a reasonably possible range of financial obligation that we may incur to resolve the Derivative Actions. Additional expenses incurred, if any, related to this case are subject to insurance recoveries pursuant to the Company’s retention amount with its insurance carriers.
Contingencies
On February 20, 2026, the United States Supreme Court issued a ruling striking down certain tariffs previously imposed under the International Emergency Economic Powers Act (“IEEPA”). Following the Supreme Court’s decision, the U.S. announced its intention to invoke other laws to collect tariffs and announced new tariffs on imports, in addition to any existing non-IEEPA tariffs. There remains substantial uncertainty regarding the duration of existing and newly announced tariffs, potential changes or pauses to such tariffs, tariff levels, and whether further additional tariffs or other retaliatory actions may be imposed, modified, or suspended, and the impacts of such actions on our business. Furthermore, the Company may be eligible
to receive refunds of certain tariffs it paid that were levied under the IEEPA. If it is determined that the Company is eligible for refunds, the availability, amount and timing of such refunds is uncertain and subject to further developments. In the event the Company receives a refund of tariffs previously paid, it may elect or be required to return a portion of such amounts to customers that provided the Company tariff relief and/or price concessions. Any such obligations could reduce any benefit from a refund. No refund asset or liability has been recorded as of the three months ended March 28, 2026.
The Company participates in customs duty drawback programs that provide for the refund of certain import duties, taxes, and fees paid on imported material that is subsequently exported. Such recoveries are subject to review, audit, and final liquidation by customs authorities and require compliance with statutory filing deadlines and documentation requirements. Although we do not currently estimate any additional duty drawback claims related to the current year or prior years to be refunded to CBP, we continue to assess our obligations. Future recoveries of these claims, if any, may differ from amounts previously estimated.
v3.26.1
Leases
 3 Months Ended
Mar. 28, 2026
Leases [Abstract]  
Leases
13. Leases
The Company’s operating and finance lease portfolio is described in Note 15. Leases of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025.
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$345 $751 
Finance leases— 103 
Supplemental balance sheet information related to leases was as follows (in thousands):
March 28, 2026December 31, 2025
Operating leases
Other non-current assets$51,920 $54,242 
Accrued expenses and other liabilities9,446 10,048 
Other non-current liabilities49,589 51,351 
Total operating lease liabilities59,035 61,399 
Finance leases
Property, plant and equipment4,255 4,262 
Accumulated depreciation(774)(588)
Property, plant and equipment, net3,481 3,674 
Current maturities of long-term debt850 839 
Long-term debt2,572 2,800 
Total finance lease liabilities$3,422 $3,639 
Leases
13. Leases
The Company’s operating and finance lease portfolio is described in Note 15. Leases of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025.
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$345 $751 
Finance leases— 103 
Supplemental balance sheet information related to leases was as follows (in thousands):
March 28, 2026December 31, 2025
Operating leases
Other non-current assets$51,920 $54,242 
Accrued expenses and other liabilities9,446 10,048 
Other non-current liabilities49,589 51,351 
Total operating lease liabilities59,035 61,399 
Finance leases
Property, plant and equipment4,255 4,262 
Accumulated depreciation(774)(588)
Property, plant and equipment, net3,481 3,674 
Current maturities of long-term debt850 839 
Long-term debt2,572 2,800 
Total finance lease liabilities$3,422 $3,639 
v3.26.1
Stockholders’ Equity
 3 Months Ended
Mar. 28, 2026
Equity [Abstract]  
Stockholders’ Equity
14. Stockholders’ Equity
Preferred Stock
The Company’s Second Restated Certificate of Incorporation authorizes the Company to issue up to 100,000,000 shares of preferred stock, $0.001 value per share, all of which is undesignated.
Common Stock
The Company’s Second Restated Certificate of Incorporation authorizes the Company to issue up to 750,000,000 shares of Common Stock, $0.001 value per share. Each share of Common Stock is entitled to one vote on all matters submitted to a vote
of the Company’s stockholders. The holders of Common Stock are entitled to receive dividends, if any, as may be declared by the Board of Directors.
Dividends paid
For the three months ended March 28, 2026 and March 29, 2025, no dividends were declared or paid to the Company’s common stockholders.
Share Repurchase Program
On July 28, 2025, the Board of Directors authorized the Company’s share repurchase program (the “Share Repurchase Program”) such that the Company is authorized to repurchase from time to time up to an aggregate of $450 million of its outstanding shares of Common Stock, which authorization expires on July 28, 2028.
During the three months ended March 28, 2026, the Company repurchased 350,000 shares of Common Stock in the open market at an average price per share of $16.72, for an aggregate consideration of approximately $5.9 million, as part of the Share Repurchase Program. As of March 28, 2026, $440.2 million remained available for additional share repurchases under the program.
v3.26.1
Stock-based Compensation
 3 Months Ended
Mar. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation
15. Stock-based Compensation
Stock-based compensation expense recorded in the unaudited condensed consolidated statements of operations for equity-classified stock-based awards was $3.6 million and $2.9 million for the three months ended March 28, 2026 and March 29, 2025, respectively.
The Company has established two equity incentive plans as described below.
2021 Equity Incentive Plan
In March 2021, the Company adopted the 2021 Equity Incentive Plan (the “2021 Plan”). Under the 2021 Plan, up to 13,737,500 shares of Common Stock may be granted to employees, directors and consultants in the form of stock options, restricted stock units and other stock-based awards. The terms of awards granted under the 2021 Plan are determined by the Compensation Committee of the Board of Directors, subject to the provisions of the 2021 Plan.
Options granted under the 2021 Plan expire no later than 10 years from the date of grant. The vesting period of stock options and restricted stock units granted under the 2021 Plan is generally three years from the date of grant.
During the three months ended March 28, 2026, the Company granted 498,488 time-based restricted stock units and 322,873 performance-based restricted stock units (at the target performance level) under the 2021 Plan with a weighted-average grant-date fair value per share of $16.00 and $16.58, respectively.
v3.26.1
Acquisitions and Restructuring
 3 Months Ended
Mar. 28, 2026
Acquisition, Restructuring and Related Activities [Abstract]  
Acquisitions and Restructuring
16. Acquisitions and Restructuring
Acquisition and restructuring related expense, net consists of the following (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Business restructuring costs$505 $213 
Acquisition transaction and integration costs— 1,713 
Total $505 $1,926 
The following tables summarize the status of the Company’s restructuring related expense and related liability balances (in thousands):
2026 Activity
Liability as of January 1, 2026
Costs RecognizedCash Payments
Liability as of March 28, 2026
One-time termination benefits$831 $505 $(531)$805 
Facility-related9 — (9)— 
Other8 — (8)— 
Total$848 $505 $(548)$805 

2025 Activity
Liability as of January 1, 2025
Costs RecognizedCash Payments
Liability as of March 29, 2025
One-time termination benefits$1,534 $213 $(42)$1,705 
Other28 — (28)— 
Total$1,562 $213 $(70)$1,705 

Acquisitions
On June 26, 2024, the Company acquired the equity interests of ChlorKing HoldCo, LLC and related entities (“ChlorKing”). The acquired business includes pool saline chlorinators and UV disinfection systems serving the commercial pools and water treatment market segments. For the three months ended March 29, 2025, transaction expenses recognized for the acquisition were $1.7 million. These expenses are included within Acquisition and restructuring related expense on the Company’s unaudited condensed consolidated statements of operations.
v3.26.1
Related-Party Transactions
 3 Months Ended
Mar. 28, 2026
Related Party Transactions [Abstract]  
Related-Party Transactions
17. Related-Party Transactions
During the three months ended March 28, 2026 and March 29, 2025, the Company did not incur any significant related-party transactions.
v3.26.1
Accumulated Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 28, 2026
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income
18. Accumulated Other Comprehensive (Loss) Income
The changes in accumulated other comprehensive (loss) income are provided in the tables below (in thousands):
Cumulative Translation AdjustmentUnrecognized (Losses) Gain on Derivative Instruments for Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income, Net of Taxes
Balance at December 31, 2025$(7,996)$3,283 $(4,713)
Other comprehensive income (loss) before reclassifications(2,923)3,791 868 
Amounts reclassified from accumulated other comprehensive income— (1,364)(1,364)
Net current period other comprehensive income (loss)(2,923)2,427 (496)
Tax amounts— (607)(607)
Balance at March 28, 2026$(10,919)$5,103 $(5,816)
Cumulative Translation AdjustmentUnrecognized (Losses) Gain on Derivative Instruments for Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income, Net of Taxes
Balance at December 31, 2024$(24,720)$13,223 $(11,497)
Other comprehensive (loss) income before reclassifications3,729 (3,460)269 
Amounts reclassified from accumulated other comprehensive income— (2,790)(2,790)
Net current period other comprehensive (loss) income3,729 (6,250)(2,521)
Tax amounts— 1,562 1,562 
Balance at March 29, 2025$(20,991)$8,535 $(12,456)
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 28, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Kevin Holleran [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On March 10, 2026, Kevin Holleran, our President and Chief Executive Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell, subject to certain conditions, up to 515,000 shares of our common stock. Sales may be made under this trading plan through December 31, 2026, for a duration of 297 days.
Name Kevin Holleran
Title President and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 10, 2026
Expiration Date December 31, 2026
Arrangement Duration 297 days
Aggregate Available 515,000
v3.26.1
Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 28, 2026
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information.
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Hayward Holdings, Inc. and its direct wholly owned subsidiary, Hayward Intermediate, Inc., are holding companies with no other operations, material assets or liabilities other than the ownership by Hayward Intermediate, Inc. of all of the equity interests in Hayward Industries, Inc., which is the borrower under our First Lien Term Facility and ABL Revolving Credit Facility (collectively, the “Credit Facilities”). Refer to Note 21. Condensed Financial Information of Registrant (Parent Company Only) of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025 for the financial information detail of the holding company, Hayward.
These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto for the fiscal year ended December 31, 2025. The results of operations for the three months ended March 28, 2026 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending December 31, 2026.
All intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified for comparative purposes to conform to the current presentation.
During the fourth quarter of 2025, the Company changed its accounting principle related to the presentation of warranty costs. Prior period amounts have been updated to conform to the current year presentation for the change in accounting principle.
Accounts Receivable, Net
Accounts Receivable, Net
On July 3, 2024, the Company entered into a Receivables Purchase Agreement under which it may offer to sell eligible accounts receivable. The agreement is uncommitted and the eligible accounts receivable to be sold under the agreement consist of up to $125 million in accounts receivable generated by sales to specified customers of the Company. The Company will be paid a discounted purchase price for each receivable sold. The discount rate used to determine the purchase price for the subject receivables is based upon an annual interest rate equal to the forward-looking term rate based on the secured overnight financing rate for the period of time between payment to the Company and the due date for the receivable plus a buffer period specific to the obligor, plus a margin applicable to the specified obligor.
Transactions under this agreement are accounted for as sales of accounts receivable, and the receivables sold are removed from the unaudited condensed consolidated balance sheets at the time of the sales transaction. For ease of administration, the Company collects customer payments related to the receivables sold and remits those payments to the purchaser. Proceeds received from the sales of accounts receivable are classified as operating cash flows in the unaudited condensed consolidated statements of cash flows . We record the discount in the “Other expense, net” line in the unaudited condensed consolidated statements of operations . The Company, as the servicer under the Receivables Purchase Agreement, continues to service the accounts receivable sold.
Recently Issued Accounting Standards
Recently Issued Accounting Standards
Disaggregation of Income Statement Expenses
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03, Disaggregation of Income Statement Expenses, which includes requirements that an entity disclose in the notes to the financial statements specified information about certain costs and expenses, including the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation and (d) intangible asset amortization included in each relevant expense caption presented on the statement of operations. The standard also requires disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, as well as the total amount of selling expenses and an entity’s definition of selling expenses. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the standard on its disclosures.
Intangibles - Goodwill and Other Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal‑use software by eliminating references to prescriptive development stages and replacing them with a principles‑based capitalization model. Under the new approach, entities can begin capitalizing software development costs once management has authorized and committed funding and it is “probable to complete” (i.e., probable that the software will be completed and used), provided there is no “significant development uncertainty.” The update also aligns disclosure of capitalized internal software costs with those for property, plant, and equipment, and permits entities to adopt the standard via prospective, modified, or retrospective transition methods. The amendments in this update are effective for fiscal years and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the standard on its condensed financial statements and related disclosures.
Fair Value Measurements
The Company is required to disclose the estimated fair values of all financial instruments, even if they are not carried at their fair value. The fair values of financial instruments are estimates based upon market conditions and perceived risks. These estimates require management’s judgment and may not be indicative of the future fair values of the assets and liabilities.
The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy:
•Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities.
•Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities.
•Level 3 - One or more inputs are unobservable and significant.
v3.26.1
Revenue (Tables)
 3 Months Ended
Mar. 28, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Net Sales by Product Groups
The following table disaggregates net sales between product groups and geographic regions, respectively (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Product groups
Residential pool$223,802 $201,777 
Commercial pool17,917 15,010 
Flow control13,497 12,054 
Total$255,216 $228,841 
Geographic
United States$192,143 $173,072 
Canada17,654 13,997 
Europe31,766 27,957 
Rest of World13,653 13,815 
Total International63,073 55,769 
Total$255,216 $228,841 
Schedule of Net Sales by Geographic Destinations
The following table disaggregates net sales between product groups and geographic regions, respectively (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Product groups
Residential pool$223,802 $201,777 
Commercial pool17,917 15,010 
Flow control13,497 12,054 
Total$255,216 $228,841 
Geographic
United States$192,143 $173,072 
Canada17,654 13,997 
Europe31,766 27,957 
Rest of World13,653 13,815 
Total International63,073 55,769 
Total$255,216 $228,841 
v3.26.1
Inventories (Tables)
 3 Months Ended
Mar. 28, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories, Net
Inventories, net, consist of the following (in thousands):
March 28, 2026December 31, 2025
Raw materials$86,203 $80,148 
Work in progress23,151 21,180 
Finished goods119,678 109,411 
Total$229,032 $210,739 
v3.26.1
Accrued Expenses and Other Liabilities (Tables)
 3 Months Ended
Mar. 28, 2026
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities and Other Current Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
March 28, 2026December 31, 2025
Selling, promotional and advertising$43,025 $71,618 
Warranty reserve27,964 26,800 
Insurance reserve20,368 30,410 
Inventory purchases19,723 16,315 
Employee compensation and benefits16,761 37,230 
Freight10,907 8,926 
Payroll taxes10,688 5,195 
Operating lease liability - short term9,446 10,048 
Accrued interest4,874 505 
Taxes - non income4,135 2,987 
Deferred income3,604 3,211 
Professional fees2,124 2,548 
Other accrued liabilities4,789 8,429 
Total
$178,408 $224,222 
Schedule of Change in Warranty Reserve
The following table summarizes the warranty reserve activities (in thousands):

Balance at December 31, 2025
$26,800 
Accrual for warranties issued during the period 8,136 
Payments(6,972)
Balance at March 28, 2026
$27,964 

Balance at December 31, 2024
$25,306 
Accrual for warranties issued during the period 8,122 
Payments(6,741)
Balance at March 29, 2025
$26,687 
v3.26.1
Long-Term Debt, Net (Tables)
 3 Months Ended
Mar. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt, net, consists of the following (in thousands):
March 28, 2026December 31, 2025
First Lien Term Facility, due May 28, 2028$955,000 $955,000 
ABL Revolving Credit Facility— — 
Other bank debt1,429 4,826 
Finance lease obligations3,422 3,639 
Subtotal959,851 963,465 
Less: Current portion of the long-term debt(11,053)(13,261)
Less: Unamortized debt issuance costs(6,042)(6,657)
Total$942,756 $943,547 
v3.26.1
Derivatives and Hedging Transactions (Tables)
 3 Months Ended
Mar. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Effect of Derivative Instruments in the Statement of Financial Position and Operations and Comprehensive Income (Loss)
The following table summarizes the gross fair values and location on the unaudited condensed consolidated balance sheets of the Company’s significant derivative instruments (in thousands):
Other Current AssetsOther Non-Current AssetsAccrued Expenses and Other LiabilitiesOther Current AssetsOther Non-Current AssetsAccrued Expenses and Other LiabilitiesOther Non-Current Liabilities
March 28, 2026December 31, 2025
Interest rate swaps$4,804 $2,042 $42 $— $4,680 $122 $180 
Foreign exchange contracts424 — 475 129 — 884 — 
Total$5,228 $2,042 $517 $129 $4,680 $1,006 $180 
The following table presents the effects of derivative instruments by contract type in accumulated other comprehensive (loss) income (“AOCI”) in the Company’s unaudited condensed consolidated financial statements (in thousands):
Gain (Loss) Recognized in AOCI (1)
Gain (Loss) Reclassified From AOCI to Earnings (2)
Location of Gain (Loss) Reclassified from AOCI into Earnings
Three Months EndedThree Months Ended
March 28, 2026March 29, 2025March 28, 2026March 29, 2025
Interest rate swaps (3)
$3,791 $(3,460)$1,364 $2,790 Interest expense, net
(1) The tax expense and benefit, respectively, on the gain (loss) recognized in AOCI for the three months ended March 28, 2026 and March 29, 2025 was $0.9 million and $0.9 million, respectively.
(2) The tax expense on the gain reclassified from AOCI to earnings for the three months ended March 28, 2026 and March 29, 2025 was $0.3 million and $0.7 million, respectively.
(3) The Company estimates that $6.4 million of unrealized gains will be reclassified from AOCI into earnings in the next 12 months.
v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis (in thousands):
March 28, 2026December 31, 2025
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Assets:
Interest rate swaps
$— $6,846 $— $6,846 $— $4,680 $— $4,680 
Foreign exchange contracts
— 424 — 424 — 129 — 129 
Supplemental Retirement Plan assets
11,188 — — 11,188 10,405 — — 10,405 
Liabilities:
Interest rate swaps
$— $42 $— $42 $— $302 $— $302 
Foreign exchange contracts
— 475 — 475 — 884 — 884 
Supplemental Retirement Plan liabilities
11,188 — — 11,188 10,405 — — 10,405 
Schedule of Financial Assets and Liabilities
The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value (in thousands):
March 28, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Assets:
Short-term investments (1)
Commercial paper
$19,935 $19,935 $69,462 $69,462 
Time deposits75,000 75,000 $— $— 
Liabilities:
Long-term debt and related current maturities$955,000 $958,581 $955,000 $960,969 
(1) The Company held $94.9 million in held-to-maturity debt securities with maturity dates within one year. The fair value of the Company's held-to-maturity debt securities approximates their amortized cost.
v3.26.1
Segments and Related Information (Tables)
 3 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The Company sells its products primarily through distributors and retailers. Financial information by reportable segment, net of intercompany transactions, is included in the following summary (in thousands):
Three Months EndedThree Months Ended
March 28, 2026March 29, 2025
NAM
E&RW
Total
NAM
E&RW
Total
External net sales$209,797 $45,419 $255,216 $187,069 $41,772 $228,841 
Significant Segment Expenses
Cost of Sales107,376 29,139 136,515 95,826 27,762 123,588 
Segment selling, general and administrative expense45,473 7,683 53,156 42,132 7,143 49,275 
Research, development and engineering expense6,442 314 6,756 5,657 329 5,986 
Segment income50,506 8,283 58,789 43,454 6,538 49,992 
Capital expenditures (1)
7,227 57 7,284 5,900 212 6,112 
Depreciation and amortization (1)(2)
6,829 508 7,337 7,200 414 7,614 
Intersegment sales5,663 119 5,782 6,684 63 6,747 

(1) Capital expenditures and depreciation associated with Corporate are not included in these totals.
(2) Amortization expense excluded from segment income is not included in these totals.
The following table presents a reconciliation of segment income to income from operations before income taxes (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Total segment income$58,789 $49,992 
Corporate expense, net9,430 7,720 
Acquisition and restructuring related expense505 1,926 
Amortization of intangible assets6,366 6,835 
Operating income42,488 33,511 
Interest expense, net11,507 13,651 
Loss on debt extinguishment201 — 
Other (income) expense, net666 1,179 
Total other expense12,374 14,830 
Income from operations before income taxes$30,114 $18,681 
v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 28, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except share and per share data):
Three Months Ended
March 28, 2026March 29, 2025
Net income attributable to common stockholders$23,359 $14,333 
Weighted average number of common shares outstanding, basic217,359,824 215,962,018 
Effect of dilutive securities(a)
5,063,585 5,889,381 
Weighted average number of common shares outstanding, diluted222,423,409 221,851,399 
Earnings per share attributable to common stockholders, basic$0.11 $0.07 
Earnings per share attributable to common stockholders, diluted$0.11 $0.06 
(a) For the three months ended March 28, 2026 and March 29, 2025, there were potential common shares totaling approximately 2.0 million and 1.8 million, respectively, that were excluded from the computation of diluted EPS as the effect of inclusion of such shares would have been anti-dilutive.
v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 28, 2026
Leases [Abstract]  
Schedule of Lease, Cost
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$345 $751 
Finance leases— 103 
Schedule of Assets and Liabilities, Lessee
Supplemental balance sheet information related to leases was as follows (in thousands):
March 28, 2026December 31, 2025
Operating leases
Other non-current assets$51,920 $54,242 
Accrued expenses and other liabilities9,446 10,048 
Other non-current liabilities49,589 51,351 
Total operating lease liabilities59,035 61,399 
Finance leases
Property, plant and equipment4,255 4,262 
Accumulated depreciation(774)(588)
Property, plant and equipment, net3,481 3,674 
Current maturities of long-term debt850 839 
Long-term debt2,572 2,800 
Total finance lease liabilities$3,422 $3,639 
v3.26.1
Acquisitions and Restructuring (Tables)
 3 Months Ended
Mar. 28, 2026
Acquisition, Restructuring and Related Activities [Abstract]  
Schedule of Acquisitions and Restructuring Related Expense
Acquisition and restructuring related expense, net consists of the following (in thousands):
Three Months Ended
March 28, 2026March 29, 2025
Business restructuring costs$505 $213 
Acquisition transaction and integration costs— 1,713 
Total $505 $1,926 
Schedule of Charges for Facility Closure and Other One Time Termination Benefits
The following tables summarize the status of the Company’s restructuring related expense and related liability balances (in thousands):
2026 Activity
Liability as of January 1, 2026
Costs RecognizedCash Payments
Liability as of March 28, 2026
One-time termination benefits$831 $505 $(531)$805 
Facility-related9 — (9)— 
Other8 — (8)— 
Total$848 $505 $(548)$805 

2025 Activity
Liability as of January 1, 2025
Costs RecognizedCash Payments
Liability as of March 29, 2025
One-time termination benefits$1,534 $213 $(42)$1,705 
Other28 — (28)— 
Total$1,562 $213 $(70)$1,705 
v3.26.1
Accumulated Other Comprehensive (Loss) Income (Tables)
 3 Months Ended
Mar. 28, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income
The changes in accumulated other comprehensive (loss) income are provided in the tables below (in thousands):
Cumulative Translation AdjustmentUnrecognized (Losses) Gain on Derivative Instruments for Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income, Net of Taxes
Balance at December 31, 2025$(7,996)$3,283 $(4,713)
Other comprehensive income (loss) before reclassifications(2,923)3,791 868 
Amounts reclassified from accumulated other comprehensive income— (1,364)(1,364)
Net current period other comprehensive income (loss)(2,923)2,427 (496)
Tax amounts— (607)(607)
Balance at March 28, 2026$(10,919)$5,103 $(5,816)
Cumulative Translation AdjustmentUnrecognized (Losses) Gain on Derivative Instruments for Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income, Net of Taxes
Balance at December 31, 2024$(24,720)$13,223 $(11,497)
Other comprehensive (loss) income before reclassifications3,729 (3,460)269 
Amounts reclassified from accumulated other comprehensive income— (2,790)(2,790)
Net current period other comprehensive (loss) income3,729 (6,250)(2,521)
Tax amounts— 1,562 1,562 
Balance at March 29, 2025$(20,991)$8,535 $(12,456)
v3.26.1
Nature of Operations and Organization (Details)
Mar. 28, 2026
manufacturing_facility
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of manufacturing facilities 7
v3.26.1
Significant Accounting Policies (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Jul. 03, 2024
Accounting Policies [Abstract]      
Accounts receivable, held-for-sale     $ 125.0
Sale of accounts receivable $ 0.0    
Proceeds from sale   $ 99.1  
Receivables purchase agreements   100.0  
Investment sold   100.0  
Expense recognized on sales   $ 0.9  
v3.26.1
Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Revenue from External Customer [Line Items]    
Net sales $ 255,216 $ 228,841
United States    
Revenue from External Customer [Line Items]    
Net sales 192,143 173,072
Total International    
Revenue from External Customer [Line Items]    
Net sales 63,073 55,769
Canada    
Revenue from External Customer [Line Items]    
Net sales 17,654 13,997
Europe    
Revenue from External Customer [Line Items]    
Net sales 31,766 27,957
Rest of World    
Revenue from External Customer [Line Items]    
Net sales 13,653 13,815
Residential pool    
Revenue from External Customer [Line Items]    
Net sales 223,802 201,777
Commercial pool    
Revenue from External Customer [Line Items]    
Net sales 17,917 15,010
Flow control    
Revenue from External Customer [Line Items]    
Net sales $ 13,497 $ 12,054
v3.26.1
Inventories (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 86,203 $ 80,148
Work in progress 23,151 21,180
Finished goods 119,678 109,411
Total $ 229,032 $ 210,739
v3.26.1
Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Mar. 29, 2025
Dec. 31, 2024
Payables and Accruals [Abstract]        
Selling, promotional and advertising $ 43,025 $ 71,618    
Warranty reserve 27,964 26,800 $ 26,687 $ 25,306
Insurance reserve 20,368 30,410    
Inventory purchases 19,723 16,315    
Employee compensation and benefits 16,761 37,230    
Freight 10,907 8,926    
Payroll taxes 10,688 5,195    
Operating lease liability - short term 9,446 10,048    
Accrued interest 4,874 505    
Taxes - non income 4,135 2,987    
Deferred income 3,604 3,211    
Professional fees 2,124 2,548    
Other accrued liabilities 4,789 8,429    
Total $ 178,408 $ 224,222    
v3.26.1
Accrued Expenses and Other Liabilities - Schedule of Warranty Reserve (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Movement in Standard Product Warranty Accrual [Roll Forward]    
Beginning balance $ 26,800 $ 25,306
Accrual for warranties issued during the period 8,136 8,122
Payments (6,972) (6,741)
Ending balance $ 27,964 $ 26,687
v3.26.1
Accrued Expenses and Other Liabilities - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Payables and Accruals [Abstract]    
Warranty costs $ 8.1 $ 8.1
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Dec. 31, 2025
Income Tax Disclosure [Abstract]      
Effective tax rate 22.40% 23.30%  
Uncertain tax, interest and penalties $ 0.5   $ 0.5
v3.26.1
Long-Term Debt, Net - Schedule of Long-Term Debt (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Line of Credit Facility [Line Items]    
Other bank debt $ 1,429 $ 4,826
Finance lease obligations 3,422 3,639
Subtotal 959,851 963,465
Less: Current portion of the long-term debt (11,053) (13,261)
Less: Unamortized debt issuance costs (6,042) (6,657)
Total 942,756 943,547
Term Loan | First Lien Term Facility, due May 28, 2028    
Line of Credit Facility [Line Items]    
Long-term debt, gross 955,000 955,000
Revolving Credit Facility | ABL Revolving Credit Facility    
Line of Credit Facility [Line Items]    
Long-term debt, gross $ 0 $ 0
v3.26.1
Long-Term Debt, Net - Additional Information (Details) - $ / shares
 1 Months Ended
Jun. 18, 2025
Apr. 30, 2023
Mar. 28, 2026
Dec. 31, 2025
Line of Credit Facility [Line Items]        
Common stock, par value (in usd per share)     $ 0.001 $ 0.001
Line of Credit        
Line of Credit Facility [Line Items]        
Basis spread 0.10%      
Term Loan | First Lien Term Facility, due May 28, 2028        
Line of Credit Facility [Line Items]        
Common stock, par value (in usd per share)     $ 0.001  
Leverage ratio threshold for mandatory prepayment of zero   2.5    
Leverage ratio threshold for mandatory prepayment of fifty percent   3.0    
Term Loan | First Lien Term Facility, due May 28, 2028 | Minimum        
Line of Credit Facility [Line Items]        
Mandatory annual prepayment, percentage of excess cash   0.00%    
Term Loan | First Lien Term Facility, due May 28, 2028 | Maximum        
Line of Credit Facility [Line Items]        
Mandatory annual prepayment, percentage of excess cash   50.00%    
v3.26.1
Derivatives and Hedging Transactions - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Dec. 31, 2025
Derivative [Line Items]      
Other income (expense), net $ (666) $ (1,179)  
Interest rate swaps | Cash Flow Hedging      
Derivative [Line Items]      
Derivative, notional amount 700,000   $ 600,000
Interest Rate Swap Maturing April 2026      
Derivative [Line Items]      
Derivative, notional amount 100,000    
Interest Rate Swap Maturing January 2027      
Derivative [Line Items]      
Derivative, notional amount 250,000    
Interest Rate Swap Maturing March 2027      
Derivative [Line Items]      
Derivative, notional amount 100,000    
Interest Rate Swap Maturing March 2028      
Derivative [Line Items]      
Derivative, notional amount 250,000    
Foreign exchange contracts      
Derivative [Line Items]      
Other income (expense), net $ 800 $ (800)  
v3.26.1
Derivatives and Hedging Transactions - Schedule of Gross Fair Values and Location of Derivative Instruments (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Other Current Assets    
Derivatives, Fair Value [Line Items]    
Other Assets $ 5,228 $ 129
Other Current Assets | Interest rate swaps    
Derivatives, Fair Value [Line Items]    
Other Assets 4,804 0
Other Current Assets | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Other Assets 424 129
Other Non-Current Assets    
Derivatives, Fair Value [Line Items]    
Other Assets 2,042 4,680
Other Non-Current Assets | Interest rate swaps    
Derivatives, Fair Value [Line Items]    
Other Assets 2,042 4,680
Other Non-Current Assets | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Other Assets 0 0
Accrued Expenses and Other Liabilities    
Derivatives, Fair Value [Line Items]    
Other Liabilities 517 1,006
Accrued Expenses and Other Liabilities | Interest rate swaps    
Derivatives, Fair Value [Line Items]    
Other Liabilities 42 122
Accrued Expenses and Other Liabilities | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Other Liabilities $ 475 884
Other Non-Current Liabilities    
Derivatives, Fair Value [Line Items]    
Other Liabilities   180
Other Non-Current Liabilities | Interest rate swaps    
Derivatives, Fair Value [Line Items]    
Other Liabilities   180
Other Non-Current Liabilities | Foreign exchange contracts    
Derivatives, Fair Value [Line Items]    
Other Liabilities   $ 0
v3.26.1
Derivatives and Hedging Transactions - Schedule of Effects of Derivative Instruments by Contract Type in AOCI (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Tax expense on the gain reclassified from AOCI to earnings $ 300 $ 700
Interest Expense    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Recognized in AOCI, Interest rate swaps 3,791 (3,460)
Gain (Loss) Reclassified From AOCI to Earnings, Interest rate swaps 1,364 2,790
Tax (benefit) expense on the gain (loss) recognized in AOCI (900) 900
Interest Expense | Cash Flow Hedging    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Cash flow hedge gain to be reclassified within 12 months $ 6,400 $ 6,400
v3.26.1
Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Supplemental Retirement Plan assets    
Debt Instrument [Line Items]    
Supplemental Retirement Plan assets $ 11,188 $ 10,405
Supplemental Retirement Plan liabilities 11,188 10,405
Interest rate swaps    
Debt Instrument [Line Items]    
Assets 6,846 4,680
Liabilities 42 302
Foreign exchange contracts    
Debt Instrument [Line Items]    
Assets 424 129
Liabilities 475 884
Level 1 | Supplemental Retirement Plan assets    
Debt Instrument [Line Items]    
Supplemental Retirement Plan assets 11,188 10,405
Supplemental Retirement Plan liabilities 11,188 10,405
Level 1 | Interest rate swaps    
Debt Instrument [Line Items]    
Assets 0 0
Liabilities 0 0
Level 1 | Foreign exchange contracts    
Debt Instrument [Line Items]    
Assets 0 0
Liabilities 0 0
Level 2 | Supplemental Retirement Plan assets    
Debt Instrument [Line Items]    
Supplemental Retirement Plan assets 0 0
Supplemental Retirement Plan liabilities 0 0
Level 2 | Interest rate swaps    
Debt Instrument [Line Items]    
Assets 6,846 4,680
Liabilities 42 302
Level 2 | Foreign exchange contracts    
Debt Instrument [Line Items]    
Assets 424 129
Liabilities 475 884
Level 3 | Supplemental Retirement Plan assets    
Debt Instrument [Line Items]    
Supplemental Retirement Plan assets 0 0
Supplemental Retirement Plan liabilities 0 0
Level 3 | Interest rate swaps    
Debt Instrument [Line Items]    
Assets 0 0
Liabilities 0 0
Level 3 | Foreign exchange contracts    
Debt Instrument [Line Items]    
Assets 0 0
Liabilities $ 0 $ 0
v3.26.1
Fair Value Measurements - Schedule of Financial Assets and Liabilities Not Carried at Fair Value (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Short-term investments    
Short-term investments $ 94,935 $ 69,462
Carrying Value | Level 2    
Liabilities:    
Long-term debt and related current maturities 955,000 955,000
Carrying Value | Level 2 | Commercial paper    
Short-term investments    
Short-term investments 19,935 69,462
Carrying Value | Level 2 | Time deposits    
Short-term investments    
Short-term investments 75,000 0
Fair Value | Level 2    
Short-term investments    
Short-term investments 94,900 94,900
Liabilities:    
Long-term debt and related current maturities 958,581 960,969
Fair Value | Level 2 | Commercial paper    
Short-term investments    
Short-term investments 19,935 69,462
Fair Value | Level 2 | Time deposits    
Short-term investments    
Short-term investments $ 75,000 $ 0
v3.26.1
Segments and Related Information - Additional Information (Details)
 3 Months Ended
Mar. 28, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.26.1
Segments and Related Information - Schedule of Financial Information by Reportable Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Revenue, Major Customer [Line Items]    
External net sales $ 255,216 $ 228,841
Cost of Sales 136,515 123,588
Segment selling, general and administrative expense 62,586 56,995
Research, development and engineering expense 6,756 5,986
Operating income 42,488 33,511
Intersegment sales (255,216) (228,841)
Operating Segments    
Revenue, Major Customer [Line Items]    
External net sales 255,216 228,841
Cost of Sales 136,515 123,588
Segment selling, general and administrative expense 53,156 49,275
Research, development and engineering expense 6,756 5,986
Operating income 58,789 49,992
Capital expenditures 7,284 6,112
Depreciation and amortization 7,337 7,614
Intersegment sales (255,216) (228,841)
Intersegment sales    
Revenue, Major Customer [Line Items]    
External net sales 5,782 6,747
Intersegment sales (5,782) (6,747)
NAM | Operating Segments    
Revenue, Major Customer [Line Items]    
External net sales 209,797 187,069
Cost of Sales 107,376 95,826
Segment selling, general and administrative expense 45,473 42,132
Research, development and engineering expense 6,442 5,657
Operating income 50,506 43,454
Capital expenditures 7,227 5,900
Depreciation and amortization 6,829 7,200
Intersegment sales (209,797) (187,069)
NAM | Intersegment sales    
Revenue, Major Customer [Line Items]    
External net sales 5,663 6,684
Intersegment sales (5,663) (6,684)
E&RW | Operating Segments    
Revenue, Major Customer [Line Items]    
External net sales 45,419 41,772
Cost of Sales 29,139 27,762
Segment selling, general and administrative expense 7,683 7,143
Research, development and engineering expense 314 329
Operating income 8,283 6,538
Capital expenditures 57 212
Depreciation and amortization 508 414
Intersegment sales (45,419) (41,772)
E&RW | Intersegment sales    
Revenue, Major Customer [Line Items]    
External net sales 119 63
Intersegment sales $ (119) $ (63)
v3.26.1
Segments and Related Information - Schedule of Reconciliation of Segment Income to Income from Operations Before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Revenue, Major Customer [Line Items]    
Operating income $ 42,488 $ 33,511
Acquisition and restructuring related expense 505 1,926
Amortization of intangible assets 6,366 6,835
Interest expense, net 11,507 13,651
Loss on debt extinguishment 201 0
Other (income) expense, net 666 1,179
Total other expense 12,374 14,830
Income from operations before income taxes 30,114 18,681
Total segment income    
Revenue, Major Customer [Line Items]    
Operating income 58,789 49,992
Corporate expense, net    
Revenue, Major Customer [Line Items]    
Operating income $ 9,430 $ 7,720
v3.26.1
Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Earnings Per Share [Abstract]    
Net income attributable to common stockholders $ 23,359 $ 14,333
Weighted Average Number of Shares Outstanding, Basic    
Weighted average number of common shares outstanding, basic (in shares) 217,359,824 215,962,018
Effect of dilutive securities (in shares) 5,063,585 5,889,381
Weighted average number of common shares outstanding, diluted (in shares) 222,423,409 221,851,399
Earnings Per Share, Basic and Diluted    
Earnings per share attributable to common stockholders, basic (in usd per share) $ 0.11 $ 0.07
Earnings per share attributable to common stockholders, diluted (in usd per share) $ 0.11 $ 0.06
Excluded from the weighted average number of common shares outstanding, dilutive due to being anti-dilutive (in shares) 2,000,000.0 1,800,000
v3.26.1
Commitments and Contingencies (Details)
$ in Millions
 3 Months Ended
Oct. 02, 2024
Mar. 28, 2026
USD ($)
Dec. 19, 2023
classAction
Loss Contingencies [Line Items]      
Number of period to file an amended complaint 30 days    
Southfield and Erie      
Loss Contingencies [Line Items]      
Number of security class actions | classAction     2
Four Shareholder Derivative Lawsuits 2023 to 2026      
Loss Contingencies [Line Items]      
Litigation settlement, amount awarded to other party   $ 10.0  
Loss contingency accrual   9.9  
Loss contingency, receivable   $ 7.3  
v3.26.1
Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 345 $ 751
Finance leases $ 0 $ 103
v3.26.1
Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 31, 2025
Operating leases    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other non-current liabilities Other non-current liabilities
Other non-current assets $ 51,920 $ 54,242
Accrued expenses and other liabilities 9,446 10,048
Other non-current liabilities 49,589 51,351
Total operating lease liabilities $ 59,035 $ 61,399
Finance leases    
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Property, plant and equipment, net of accumulated depreciation of $130,634 and $125,807, respectively Property, plant and equipment, net of accumulated depreciation of $130,634 and $125,807, respectively
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Current portion of long-term debt Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Long-term debt, net Long-term debt, net
Property, plant and equipment $ 4,255 $ 4,262
Accumulated depreciation (774) (588)
Property, plant and equipment, net 3,481 3,674
Current maturities of long-term debt 850 839
Long-term debt 2,572 2,800
Total finance lease liabilities $ 3,422 $ 3,639
v3.26.1
Stockholders’ Equity (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 28, 2026
USD ($)
vote
$ / shares
shares
Mar. 29, 2025
USD ($)
$ / shares
Dec. 31, 2025
$ / shares
shares
Jul. 28, 2025
USD ($)
Share Repurchase Program [Line Items]        
Preferred stock authorized (in shares) | shares 100,000,000   100,000,000  
Preferred shares par value (in usd per share) $ 0.001   $ 0.001  
Common stock, authorized (in shares) | shares 750,000,000   750,000,000  
Common stock, par value (in usd per share) $ 0.001   $ 0.001  
Number of votes | vote 1      
Common stock dividends declared (in usd per share)   $ 0    
Common stock dividends cash paid (in usd per share) $ 0      
Purchase of common stock | $ $ 5,851 $ 0    
Share Repurchase Program        
Share Repurchase Program [Line Items]        
Share repurchase program amount | $       $ 450,000
Number of shares authorized for repurchase (in shares) | shares 350,000      
Repurchase price per share (in usd per share) $ 16.72      
Purchase of common stock | $ $ 5,900      
Remaining amount authorized for repurchase | $ $ 440,200      
v3.26.1
Stock-based Compensation (Details)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 28, 2026
USD ($)
incentivePlan
$ / shares
shares
Mar. 29, 2025
USD ($)
Mar. 31, 2021
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense | $ $ 3.6 $ 2.9  
Number of equity incentive plans | incentivePlan 2    
2021 Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common shares authorized for future issuance (in shares)     13,737,500
2021 Plan | Stock Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock options, expiration term 10 years    
2021 Plan | Time Based Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Vesting period 3 years    
Granted (in shares) 498,488    
Granted (in usd per share) | $ / shares $ 16.00    
2021 Plan | Performance Based Restricted Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Granted (in shares) 322,873    
Granted (in usd per share) | $ / shares $ 16.58    
v3.26.1
Acquisitions and Restructuring - Schedule of Acquisition and Restructuring Related Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Acquisition, Restructuring and Related Activities [Abstract]    
Business restructuring costs $ 505 $ 213
Acquisition transaction and integration costs 0 1,713
Total $ 505 $ 1,926
v3.26.1
Acquisitions and Restructuring - Schedule of Facility Closure and Other One-Time Termination Benefits (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Restructuring Reserve [Roll Forward]    
Beginning balance $ 848 $ 1,562
Costs Recognized 505 213
Cash Payments (548) (70)
Ending balance 805 1,705
One-time termination benefits    
Restructuring Reserve [Roll Forward]    
Beginning balance 831 1,534
Costs Recognized 505 213
Cash Payments (531) (42)
Ending balance 805 1,705
Facility-related    
Restructuring Reserve [Roll Forward]    
Beginning balance 9  
Costs Recognized 0  
Cash Payments (9)  
Ending balance 0  
Other    
Restructuring Reserve [Roll Forward]    
Beginning balance 8 28
Costs Recognized 0 0
Cash Payments (8) (28)
Ending balance $ 0 $ 0
v3.26.1
Acquisitions and Restructuring - Additional Information (Details)
$ in Millions
 3 Months Ended
Mar. 29, 2025
USD ($)
ChlorKing  
Restructuring Cost and Reserve [Line Items]  
Transaction costs $ 1.7
v3.26.1
Accumulated Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance $ 1,593,008 $ 1,423,647
Other comprehensive income (loss) before reclassifications 868 269
Amounts reclassified from accumulated other comprehensive income (1,364) (2,790)
Net current period other comprehensive income (loss) (496) (2,521)
Tax amounts (607) 1,562
Ending balance 1,611,734 1,439,379
Accumulated Other Comprehensive (Loss) Income, Net of Taxes    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (4,713) (11,497)
Ending balance (5,816) (12,456)
Cumulative Translation Adjustment    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance (7,996) (24,720)
Other comprehensive income (loss) before reclassifications (2,923) 3,729
Amounts reclassified from accumulated other comprehensive income 0 0
Net current period other comprehensive income (loss) (2,923) 3,729
Tax amounts 0 0
Ending balance (10,919) (20,991)
Unrecognized (Losses) Gain on Derivative Instruments for Cash Flow Hedges    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Beginning balance 3,283 13,223
Other comprehensive income (loss) before reclassifications 3,791 (3,460)
Amounts reclassified from accumulated other comprehensive income (1,364) (2,790)
Net current period other comprehensive income (loss) 2,427 (6,250)
Tax amounts (607) 1,562
Ending balance $ 5,103 $ 8,535