Hayward Holdings, Inc. (NYSE:HAYW) Q2 2024 Results Conference Call July 30, 2024 9:00 AM ET

Company Participants

Kevin Maczka - VP, IR
Kevin Holleran - President and CEO
Eifion Jones - SVP and CFO

Conference Call Participants

Ryan Merkel - William Blair
Nigel Coe - Wolfe Research
Jeff Hammond - KeyBanc Capital Markets
Andrew Carter - Stifel
Saree Boroditsky - Jefferies
Michael Pesendorfer - Baird
Rafe Jadrosich - Bank of America

Operator

Greetings, and welcome to the Hayward Holdings Second Quarter 2024 Earnings Call. My name is Melissa, and I will be your operator for today's call. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the call over to Kevin Maczka, Vice President, Investor Relations. Thank you, sir. You may begin.

Kevin Maczka

Thank you, and good morning, everyone.

We issued our second quarter 2024 earnings press release this morning, which has been posted to the Investor Relations section of our website at investor.hayward.com. There, you can also find an earnings slide presentation that we will reference during this call.

I'm joined today by Kevin Holleran, President and Chief Executive Officer; and Eifion Jones, Senior Vice President and Chief Financial Officer.

Before we begin, I would like to remind everyone that during this call, the company may make certain statements that are considered forward-looking in nature, including management's outlook for 2024 and future periods. Such statements are subject to a variety of risks and uncertainties, including those discussed in our most recent Form 10-K and 10-Q filings with the Securities and Exchange Commission that could cause actual results to differ materially. The company does not undertake any duty to update such forward-looking statements.

Additionally, during today's call, the company will discuss non-GAAP measures. Reconciliations of historical non-GAAP measures discussed on this call to the comparable GAAP measures can be found in our earnings release and the appendix to the slide presentation.

I would now like to turn the call over to Kevin Holleran.

Kevin Holleran

Thank you, Kevin, and good morning, everyone. It's my pleasure to welcome all of you to Hayward's Second Quarter Earnings Call.

I'll start on Slide 4 of our earnings presentation with today's key messages. I'm pleased to report second quarter results consistent with expectations. We executed well again this quarter in a challenging industry environment, delivering strong profitability, increased cash flow and an improved balance sheet.

We continue to advance our growth strategy, centered-around technology leadership, brand and multichannel strength and operational excellence and expect this to result in above-market growth and shareholder value creation. I'm proud of the performance of the entire Hayward team during the quarter.