Hayward Holdings, Inc. (NYSE:HAYW) Q4 2022 Earnings Call Transcript

Eifion Jones: Yes. So we would — based upon view of history and our analysis of history that there’s never been any price kickback, John. I mean this industry has a disciplined pricing mechanism as instituted at the beginning of the seasonal year, typically October 1. It’s been historically maybe slightly higher percent. This has been an unusual period over the last couple of years, but we’ve not seen any price pushback at this time. And nor do we expect any. Equipment tends to be at a very low cost element of the overall pool installed costs, typically 10%. As long as we can continue as an OEM to bring meaningful value-based products to the consumer, we believe price will remain very sticky as we go forward. Now we do recognize that promotional campaigns and rebates maybe a little bit lighter over the preceding 2 years, that will revert to a more normal rebate of promotional activity structure in ’23, but core pricing will remain sticky.

Operator: Thank you. And with that, we will conclude the question-and-answer portion of today’s call. I would now like to hand the conference back over to Kevin Holleran for closing remarks.

Kevin Holleran: Thank you. I’d just like to thank everyone for their interest in Hayward. Our business is very well positioned to navigate the near-term challenges and deliver value for all stakeholders in the years ahead. This would not be possible without the hard work, dedication and resilience of our employees and partners around the world. Please contact our team. If you have any follow-up questions, and we look forward to talking to you again on the first quarter earnings call. Thank you, Daniel, and you may now end the call.

Operator: And with that, we will conclude today’s conference call. Thank you for participating. You may now disconnect your lines.