Modest increases have been reported by the industry’s Big 3 manufacturers in 2024’s second quarter and first half.
• Fluidra. In the first half of 2024, the Barcelona-based firm saw a slight but expected decline in sales, at 1,171 million euro ($1,307 million), compared with 1,186 million euro ($1,324 million) in the same period of 2023. The quarter’s net profit increased year over year by 8%, to 112M euro ($125 million).
However, the global company’s North American operation enjoyed an increase of 8.2% in sales during the second quarter. In the first half of the year, the company saw sales of 500 million euro ($558 million) in North America. The continent accounted for 45.2% of the company’s sales in the first quarter, 40.6% the second.
• Hayward. For the second quarter, the Charlotte, N.C.-based manufacturer reported a modest increase in sales to $284.4 million. The company attributed the hike to increases in net price. However, those increases were partially offset by a decline in volume resulting from a reduction in new construction and remodels in the U.S., among other factors around the globe.
Gross profit increased for the company by 6% to $145.1 million in the second quarter, which the firm attributed to operational efficiencies and net price increases.
Hayward is expecting better performance than originally expected this year, with projected net sales of $1.010 billion to $1.040 billion, representing an increase of approximately 2% to 5% from 2023, partially due to the acquisition of ChlorKing.
• Pentair. The pool segment of the manufacturer saw 17% of net sales growth. Reportable segment income rose 27% year over year, to $134 million.
For the first half of 2024, the manufacturer reported net sales of $751 million for its pool segment, compared with $698.6 million the first half of 2023.
Second-quarter sales for the entire company stood at $1.1 billion, representing a year-over-year increase of 2%.