Hayward Holdings, Inc. Reports Net Income of $8.41 Million for the First Quarter of 2023

Hayward Holdings, Inc.(HAYW), a leading player in the indu stry, has released its unaudited condensed consolidated financial statements for the first quarter of 2023. The report highlights the company's net income of $8.41 million and revenue of $210.14 million for the quarter, showcasing the financial performance during the period.

Financial Statements Overview

The company's balance sheet as of April 1, 2023, shows total assets of $2.93 billion. The current assets amounted to $678.37 million, including cash and cash equivalents, accounts receivable, inventories, prepaid expenses, income tax receivable, and other current assets. The non-current assets, such as property, plant, and equipment, goodwill, trademark, customer relationships, and other intangibles, stood at $2.25 billion.

On the liabilities side, current liabilities amounted to $195.05 million, which included the current portion of long-term debt, accounts payable, accrued expenses, and income taxes payable. Non-current liabilities stood at $1.5 billion, comprising long-term debt, deferred tax liabilities, and other non-current liabilities.