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Investigation announced for Investors who lost money with shares of Hayward Holdings, Inc. (NYSE: HAYW)

03-16-2023 01:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Hayward Holdings, Inc. (NYSE: HAYW) shares over potential securities laws violations.

An investigation for investors in Hayward Holdings, Inc. (NYSE: HAYW) shares over potential securities laws violations.

An investigation on behalf of investors of Hayward Holdings, Inc. (NYSE: HAYW) shares over potential securities laws violations by Hayward Holdings, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Hayward Holdings, Inc. (NYSE: HAYW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Hayward Holdings, Inc. (NYSE: HAYW) concerning whether a series of statements by Hayward Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Charlotte, NC based Hayward Holdings, Inc. designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. Hayward Holdings, Inc. reported that its annual Total Revenue declined from $1.4 billion in 2021 to over $1.31 billion in 2022, and that its Net Income declined from $203.72 million in 2021 to $179.34 million in 2022.

On July 28, 2022, Hayward Holdings, Inc. announced, that it was expecting its channel partners to reduce its inventory on hand by approximately 4 to 6 weeks in the second half of 2022. Consequently, the company revised its full-year 2022 outlook, anticipating a decline in net sales between 2% and 6% year-over-year, in contrast to its earlier forecast of net sales growth between 9% and 12% year-over-year.

Shares of Hayward Holdings, Inc. (NYSE: HAYW) declined to as low as $8.30 per share on October 13, 2022.

Those who purchased shares of Hayward Holdings, Inc. (NYSE: HAYW) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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