Hayward Holdings Inc
HAYW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >$^ | LOCK|NsP#z | LOCK|h@!@w%h |
Hayward Earnings: Strong Margin Expansion Considering Volume Declines
Narrow-moat-rated Hayward delivered solid third-quarter results, featuring an 8% year-over-year increase in adjusted EBITDA to $51.1 million. We’ve raised our fair value estimate to $16 from $15.40, reflecting our slightly more optimistic near-term revenue growth projections and time value of money.
