Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Hydrofarm Holdings Group, Inc. (HYFM)
Company Research
Source: Yahoo! Finance
2024 Outlook Calls for Lower Net Sales, Positive Adjusted EBITDA and Positive Free Cash Flow SHOEMAKERSVILLE, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter Highlights vs. Prior Year Period: Net sales decreased to $47.2 million compared to $61.5 million. Gross Profit increased to $8.4 million compared to Gross Loss of $(0.5) million. Gross Profit Margin increased to 17.9% of net sales compared to (0.8)%. Adjusted Gross Profit increased to $11.5 million compared to $9.0 million. Adjusted Gross Profit Margin increased to 24.3% of net sales compared to 14.7%. Net loss improved to $(15.2) million compared to net loss of $(35.3) million. Adjusted EBITDA increased
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News
- Hydrofarm Holdings Group, Inc. to Announce First Quarter 2024 Results on May 14, 2024GlobeNewswire
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HYFM
Earnings
- 2/29/24 - Miss
HYFM
Sec Filings
- 5/2/24 - Form 4
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- HYFM's page on the SEC website