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

Hydrofarm Holdings Group, a prominent manufacturer and distributor of hydroponics equipment, will host a conference call to discuss its first quarter 2023 results on May 10, 2023, at 4:30 PM ET. The results will be released after market close on the same day. Interested parties can access the call by dialing 1-877-451-6152 or via a live webcast available on Hydrofarm's official website. The company, with over 40 years of experience, focuses on providing innovative solutions for controlled environment agriculture.

Hydrofarm Holdings Group (Nasdaq: HYFM) reported significant financial challenges for Q4 and FY 2022, with Q4 net sales dropping to $61.5 million from $110.4 million in 2021. A gross loss of $(0.5) million contrasted sharply with a gross profit of $18.7 million the previous year. The company faced a net loss of $(35.3) million, worsening from a $(11.0) million loss in Q4 2021. For FY 2022, net sales fell to $344.5 million from $479.4 million, resulting in a net loss of $(285.4) million versus a net income of $13.4 million in the prior year. Looking ahead, Hydrofarm anticipates 2023 net sales between $290 million and $310 million, with a focus on restructuring for cost savings.

Hydrofarm Holdings Group, a leader in hydroponics equipment and supplies, has scheduled a conference call for March 9, 2023, at 4:30 PM ET. This call will discuss the fourth quarter and full year 2022 financial results. The corresponding press release will be issued after market close on the same day. Interested parties can join the call by dialing 1-888-886-7786 or access the live webcast on the company’s website under the 'Investors' section. Hydrofarm has been supporting growers for over 40 years by providing innovative products that enhance agricultural productivity.

Hydrofarm Holdings Group (Nasdaq: HYFM), a leader in hydroponics equipment for controlled environment agriculture, will participate in a fireside chat at the 25th Annual ICR Conference on January 10, 2023, at 1:00 PM ET. This event will be webcast live, with replays available on Hydrofarm's corporate website and the ICR Conference site. Hydrofarm has over 40 years of experience in providing innovative products that enhance growers' productivity and efficiency.

Hydrofarm Holdings Group reported third-quarter 2022 financial results, with net sales dropping to $74.2 million from $123.8 million year-over-year. Gross profit fell to $5.9 million, leading to a net loss of $(23.5) million or $(0.52) per share. The company attributes these declines to industry challenges and reserves totaling $5.5 million for inventory and receivables. Despite this, Hydrofarm reiterated its full-year 2022 outlook, projecting net sales between $330 million and $347 million, and aiming for adjusted EBITDA between $(25) million to $(16) million.

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM), a top independent manufacturer of hydroponics equipment, will host a conference call on November 9, 2022, at 4:30 PM ET to discuss its Q3 2022 results. A press release with these results will be issued post-market close on the same day. Interested parties can join the call by calling 201-389-0879, with a replay available until November 16, 2022. The call will also be webcast live on Hydrofarm’s website under the 'Investors' section.

Hydrofarm Holdings Group (Nasdaq: HYFM) has entered an exclusive distribution agreement with AG Gas to market advanced CO₂ enrichment solutions for commercial cultivators in North America. This technology, proven to boost crop yields by 20% to over 50%, enhances photosynthesis efficiency. The partnership aims to expand the reach of AG Gas’s systems, which have demonstrated success in California, including doubling yields in outdoor tomatoes. Both companies emphasize the importance of innovation in agricultural productivity.