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Hydrofarm Holdings Q3 Results: Revenue Decline But Improved Margins And Reduced Losses
Thursday, November 7, 2024 - 11:06am | 398Hydrofarm Holdings Group (NASDAQ:HYFM) posted its Q3 2024 results, showing mixed performance with a drop in net sales but improved gross margins. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter...
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Hydrofarm Holdings Reports Increased Net Loss In Q2 2024 Financial Results
Thursday, August 8, 2024 - 12:42pm | 445Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), which specializes in hydroponics equipment and supplies, reported $54.8 million in net revenue representing a 13.1% year-over-year decrease from $63.1 million. “In the second quarter, we delivered positive Adjusted EBITDA for the fourth time in...
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Ancillary Cannabis Co. Hydrofarm Reports YoY Drop In Q1 Sales, Gross Profit While Narrowing Loss, Expects To Cash In On Marijuana Rescheduling
Tuesday, May 14, 2024 - 8:23am | 541Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), a cannabis-focused manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced its financial results on Tuesday for its first quarter ended March 31, 2024. "We are pleased with our first...
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Restructuring Plan Pays Off For Ancillary Cannabis Co. Despite YoY Net Sales Drop In Q4
Thursday, February 29, 2024 - 9:53am | 601Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced its financial results Thursday for the fourth quarter and full year ended Dec. 31, 2023, revealing a 23% year-over-year drop to $47.2 million in net sales. "Successful execution of our restructuring plan and related cost savings efforts...
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Restructuring Efforts Yield Results For Cannabis-Focused Agriculture Equipment Maker Despite 27% YoY Revenue Drop In Q3
Friday, November 10, 2023 - 12:37pm | 902Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) announced its financial results on Thursday for the third quarter ended Sept. 30, 2023, revealing a nearly 27% year-over-year net sales drop to $54.2 million. Over the quarter, the company initiated a second phase of its restructuring plan,...
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Hydrofarm Q2 2023 Financials: A Look At Margins, EBITDA, And Growth Outlook
Wednesday, August 9, 2023 - 6:01pm | 376Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) reported its Q2 2023 financials Wednesday afternoon after market close. Net sales totaled $63.1 million, down from $97.5 million, yet gross profit surged to $14.5 million from $7.3 million, with a gross profit margin of 23.0%. Adjusted gross profit...
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Hydrofarm Holdings Q1 Net Sales Drop 45% YoY, What About Gross Profit?
Thursday, May 11, 2023 - 4:21pm | 496Hydrofarm Holdings Group (NASDAQ: HYFM), a leading manufacturer and distributor of hydroponics equipment and supplies, announced its financial results for the first quarter of 2023. Bill Toler, Hydrofarm chairman stated: “I am proud of our team who has worked tirelessly to execute...
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Hydrofarm 2022 Net Sales Decline 28% To 344.5M, What About Profit?
Friday, March 10, 2023 - 9:50am | 603Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) net sales in 2022 decreased 28% to $344.5 million compared to $479.4 million in 2021. Q4 2022 Financial Highlights vs. Prior Year Period: Net sales decreased 44% to $61.5 million compared to $110.4 million. Gross loss was $473,000 compared to gross...
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Hydrofarm Shares Trading Higher On Reaffirmed 2022 Full Year Outlook
Thursday, November 10, 2022 - 10:06am | 487Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) Q3 2022 net sales decreased 40% to $74.2 million compared to $123.8 million in Q3 2021. Q3 2022 Highlights vs. Q3 2021 Gross profit decreased to $5.9 million, or 7.9% of sales, during the third quarter of 2022 compared to $30.0 million, or 24.2% of...
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Hydrofarm Q2 Revenue Declines 27% YoY, What About Net Loss?
Wednesday, August 10, 2022 - 9:46am | 487Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) released financial results for its second quarter ended June 30, 2022, revealing net sales decreased 27% to $97.5 million compared to $133.8 million in Q2 2021. Q2 2022 Financial Highlights vs. Prior Year Period: Gross profit decreased 75% to $7.3...
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Hydrofarm Preliminary Q2 2022 Results Estimate A 28% Decrease In Sales YoY
Wednesday, August 3, 2022 - 8:49am | 656Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) release preliminary unaudited financial results for its second quarter ended June 30, 2022, revealing net sales estimated between $96.0 million to $97.5 million, as compared to $133.8 million for the three months ended June 30, 2021, a decrease of...
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Hydrofarm Holdings Announces Q1 Revenue Increases 1% Sequentially To $111.4M
Tuesday, May 10, 2022 - 6:06pm | 496Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced its financial results late Tuesday for its first quarter ended March 31, 2022. First...
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Fluence Partners With Hydrofarm To Distribute LED Lighting Solution For Craft Cannabis Growers
Thursday, March 17, 2022 - 11:31am | 272Fluence by OSRAM (OTCPK:OSAGF), a provider of energy-efficient LED lighting solutions for commercial cannabis and food production, entered into a distribution partnership with Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), a leading manufacturer and distributor of hydroponic equipment and supplies...
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Hydrofarm Q4 Revenue Declines 11% Sequentially to $110.4M
Tuesday, March 1, 2022 - 6:47pm | 457Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), announced its financial results for its fourth quarter and full fiscal year ended December 31...
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Hydrofarm Holdings Q3 Net Sales Improve 28% YoY To $123.8M, Reaffirms Guidance
Friday, November 12, 2021 - 12:36pm | 422Hydroponics equipment provider Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) announced its financial results Thursday for the third quarter ended September 30, 2021, reporting net sales of $123.8 million, compared to $96.7 million in the prior-year period. Third Quarter 2021 Highlights vs...