HAYW · CIK 1834622
What Hayward Holdings, Inc. told the SEC could break it.
Hayward's sales are heavily concentrated through a few distributors: its two largest customers were about 33% and 12% of net sales in fiscal 2025, so losing or being scaled back by the largest would hit results materially. Its cost side is exposed to the materials in its pool equipment — metals like ruthenium, copper, steel, titanium and aluminum, plus resins and packaging board — leaving it open to commodity-price swings and availability across the global supply chain. Trade policy sharpens that input risk: because it sources key parts and components from suppliers in China (and a China manufacturing facility) and uses steel and aluminum, U.S. tariffs on Chinese goods and metal imports have already raised its costs and hurt profitability.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- two largest customershigh
Hayward's two largest customers accounted for ~33% and ~12% of net sales in Fiscal Year 2025; sales are concentrated through distributors. Customers are unnamed in the filing.
“Our two largest customers represented approximately 33% and 12%, respectively, of our net sales in Fiscal Year 2025.”
SEC filing →As of 2026
Commodity & input dependence
- metals (ruthenium, copper, steel, titanium, aluminum) and resinsmedium
Hayward purchases metals (ruthenium, copper, steel, titanium, aluminum), resins (PP, ABS, HDPE, PVC) and liner board, exposing it to commodity price swings and material availability in the global supply chain.
“We also purchase raw materials, such as metals (ruthenium, copper, steel, titanium and aluminum), resins (PP, ABS, HDPE and PVC), and liner board (for packaging), which expose us to changes in commodity pricing and the availability of materials within the global supply chain.”
SEC filing →As of 2026
Regulatory & policy
- China & steel/aluminum tariffsmedium
Hayward sources key parts/components from China and a China manufacturing facility, and uses steel and aluminum; U.S. tariffs on Chinese goods and steel/aluminum imports have already increased its costs and adversely affected profitability.
“Because we purchase certain key parts and components from suppliers in China and use steel and aluminum in many of our products, such tariffs and trade restrictions have increased our costs and adversely affected our profitability.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“Our largest suppliers include Pentair plc, Zodiac Pool Systems, Inc. and Hayward Holdings, Inc., which accounted for approximately 20%, 12% and 11%, respectively, of the cost of products we sold in 2025.”
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