Hydrofarm Holdings Group, Inc. Stock Price, News & Analysis

Hydrofarm Holdings Group (NASDAQ: HYFM), a leading manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), has scheduled its first quarter 2025 earnings conference call for Tuesday, May 13, 2025, at 8:30 AM ET.

The company will release its Q1 2025 financial results via press release before the market opens on the same day. Investors can access the conference call by dialing 1-800-343-5172 with conference ID: HYFMQ1. The call will also be available via webcast on Hydrofarm's website under the Investors section.

Hydrofarm Holdings Group (NASDAQ: HYFM) has released its Q4 and full-year 2024 financial results, showing continued challenges in the hydroponics industry. Q4 net sales declined 20.9% to $37.3 million from $47.2 million year-over-year, while full-year 2024 revenue decreased to $190.3 million from $226.6 million.

The company reported a Q4 net loss of $17.5 million, compared to $15.2 million in the previous year. Full-year net loss increased to $66.7 million. Despite challenges, the company achieved positive Q4 operating cash flow of $2.7 million and maintained zero balance on its Revolving Credit Facility.

For 2025 outlook, Hydrofarm expects net sales to decrease 10-20%, with negative but improved Adjusted EBITDA and Free Cash Flow compared to 2024. The company has successfully increased its proprietary brands sales mix to 56% in 2024 from 35% in 2020, while reducing manufacturing footprint by nearly 60% since early 2023.

Hydrofarm Holdings Group (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), has scheduled its fourth quarter and full year 2024 earnings conference call for March 5, 2025, at 8:30 AM ET. The company will release its financial results via press release before the market opens on the same day. Investors can access the conference call by dialing 1-800-343-5172 with conference ID: HYFMQ4, or through the webcast available on the company's website under the Investors section.

Hydrofarm Holdings Group (HYFM) has announced a 1-for-10 reverse stock split effective February 12, 2025, at 5:00 pm Eastern Time. The stock will trade on a split-adjusted basis on Nasdaq starting February 13, 2025, under the same symbol 'HYFM'. This strategic move aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.

The reverse split will reduce outstanding shares from 46,144,512 to approximately 4,614,451, while maintaining the total authorized shares. Stockholders' ownership percentages will remain unchanged, except for fractional shares, which will be settled in cash based on the closing price on February 12, 2025. The company's equity incentive plans, stock options, restricted stock units, and performance stock units will be proportionally adjusted.

Hydrofarm Holdings Group (HYFM) reported Q3 2024 results with net sales decreasing 18.8% to $44.0 million compared to $54.2 million in Q3 2023. Gross Profit Margin improved to 19.4% from 6.1%, while Adjusted Gross Profit Margin increased to 24.3% from 23.0%. Net loss improved to $13.1 million from $19.9 million. The company reaffirmed its 2024 outlook, expecting net sales to decrease in low to high teens percentage, with positive Adjusted EBITDA and Free Cash Flow. The decline in sales was primarily attributed to a 13.7% decline in volume/mix due to cannabis industry oversupply and a 4.9% decrease in price.

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) has announced a leadership succession plan effective January 1, 2025. Bill Toler, current Chairman and CEO, will retire from his CEO position and become Executive Chairman. John Lindeman, current EVP and CFO, will assume the role of CEO. Other leadership changes include:

• Mark Parker, current EVP of Sales and Business Development, will be promoted to President
• Kevin O'Brien, current Chief Accounting Officer, will be promoted to CFO
• Erica Ackerman, current Corporate Controller, will assume the additional role of CAO

Toler, 65, expressed confidence in the transition plan and the company's future direction. Lindeman, with his extensive experience in finance and leadership, looks forward to enhancing value and driving growth for Hydrofarm.

Hydrofarm Holdings Group, a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), has announced its participation in a fireside chat with Water Tower Research (WTR). The Company was featured on the WTR Small-Cap Spotlight with Jesse Redmond, Head of Cannabis at WTR.

The episode is now available for replay on various platforms including Apple Podcasts, Spotify, and all podcast platforms. Additionally, it can be accessed on the WTR website and on Hydrofarm's investor relations website under the "News & Events" section.

This fireside chat provides an opportunity for investors and interested parties to gain insights into Hydrofarm's business and industry trends in the CEA sector.

Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), a leading manufacturer and distributor of hydroponics equipment, has received a 180-day extension from Nasdaq to regain compliance with the Bid Price Rule. The new deadline is March 10, 2025. The rule requires the company's stock to close at $1.00 or higher for at least 10 consecutive business days. Hydrofarm is considering options to meet this requirement, including a potential reverse stock split. This extension does not immediately affect the listing or trading of HYFM shares on the Nasdaq Capital Market.

Hydrofarm Holdings Group (Nasdaq: HYFM) reported a net sales decrease of 13.1% to $54.8 million for Q2 2024, down from $63.1 million in Q2 2023. The company also experienced a net loss increase to $23.5 million from $12.9 million. Gross profit margin dropped to 19.8% from 23.0%, and Adjusted EBITDA decreased to $1.7 million from $2.5 million.

Despite declines, Hydrofarm achieved positive Adjusted EBITDA for the fourth time in five quarters, improving Adjusted Gross Profit Margin sequentially. SG&A expenses were reduced by 20% due to restructuring and cost-saving measures. The company completed an asset sale in May 2024, expecting further cost savings and productivity improvements.

As of June 30, 2024, Hydrofarm held $30.3 million in cash and $20 million in borrowing capacity. It reaffirmed its 2024 outlook with expectations of positive Adjusted EBITDA and Free Cash Flow.