Why Hayward Holdings Stock Is Surging Today

Hayward Holdings, Inc. HAYW shares are trading higher after the company reported better-than-expected sales results.

Hayward Holdings reported first-quarter sales results of $334.40 million, which beat the $258.49 million analyst estimate.

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Hayward Holdings Inc is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. The company recently went public in March with a 40.3-million-share offering at a price point of $17 to $19. 

Hayward's stock was trading 27% higher at $24.65 on Wednesday at the time of publication. The stock set a new high of $25.28 and has a low of $15.61.