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Why Shares in Hayward Holdings Sank Today

Why Shares in Hayward Holdings Sank Today

Shares in pool and spa equipment company Hayward Holdings (NYSE: HAYW) had declined as much as 10% as of 1 p.m. ET on Monday. It's not often that investors get to view a set of fourth-quarter earnings containing a 60% increase in net sales as disappointing. Back in October, management guided toward a full-year net sales increase of 59% to 62% and adjusted full-year earnings before interest, taxation, depreciation, and amortization (EBITDA) of $405 million to $425 million.