Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. Includes stock-based compensation and related employer payroll taxes on stock-based compensation for the periods presented.
Hydrofarm is your first stop for all your indoor agriculture needs. We proudly serve leafy greens to Nashville from our farm in Hermitage. The Companys mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects. Copyright 2023 by Hydrofarm. Hydrofarm LLC Shoemakersville, PA 1 month ago Be among the first 25 applicants See who Hydrofarm LLC has hired for this role . First Quarter 2023 Highlights vs. We define Free Cash Flow (non-GAAP) as Net cash from (used in) operating activities less capital expenditures for property, plant and equipment. Local. Find new package designs that brands items as Hydrofarms latest high tech offerings. Stakes, scissors, trimmers, trellis nets and more.
We define Adjusted Gross Profit Margin (non-GAAP) as a percent of net sales as Adjusted Gross Profit (as defined above) divided by net sales realized in the respective period. Adjusted SG&A(1) decreased to $16.2million in the first quarter of 2023, compared to $19.2million in the prior year period. There are several limitations related to the use of our non-GAAP financial measures as compared to the closest comparable GAAP measures. Cash used in operating activities of $(9.0) million and negative Free Cash Flow. Khng c ng dng ti chnh no c yu thch hn, Ty chnh cc tp lnh v cc tng c ngi dng chia s, ng nhp hoc to ti khon min ph trn i c tin tc ny. After 45 years of getting our hands dirty, theres nothing we cant figure out together. Hydrofarm Holdings Group, Inc. (Exact name of registrant as specified in its charter) . For the three months ended March31, 2022, the Company recorded an impairment primarily related to a charge associated with a note receivable that originated in 2019 in connection with a third party independent processor. The reduction in price was mainly due to the sell-through of discounted lighting products. Get started here to register for an account. The Company had approximately $39 million of available borrowing capacity on its Revolving Credit Facility, and was in compliance with debt covenants as of March31, 2023. Parque Empresarial Sector P-9, Building C (Door 1)50639 Figueruelas, Zaragoza, Espaa. The Company completed the sale-leaseback of real estate located in Eugene, Oregon and received approximately $8.6 million in gross proceeds, which was classified per GAAP as a financing activity and was not reflected in cash used in operating activities or Free Cash Flow(1). The company offers its products under the Phantom, PhotoBio, Active Aqua, Active Air, HEAVY 16, House & Garden, Mad Farmer, Roots Organics, Soul, Procision, Grotek, Gaia Green, and Innovative Growers Equipment brands. Bill Toler, Chairman and Chief Executive Officer, and John Lindeman, Chief Financial Officer, will host the call. Soils and soilless substrates designed for our favorite plants. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The decrease primarily relates to a decline in compensation costs and other professional fees as a result of the restructuring plan and related cost saving initiatives. Get started here to register for an account. Between Hydrofarms industry-leading house brands and our distributed products, youre covered across every category. Find company research, competitor information, contact details & financial data for Hydrofarm East of Shoemakersville, PA. Get the latest business insights from Dun & Bradstreet. Enter your information to find Hydrofarm retail partners in your area or anywhere across the United States and Canada. Whether youre new to Hydrofarm or a longtime customer, you may be curious about why we remain committed to remaining a wholesale-only vendor. Everything to get any grow off to a healthy start. Gross profit decreased to $11.4million during the first quarter of 2023 compared to $16.6million in the prior year period. A plant's journey from seed to harvest is a delicate one that requires care and attention. Unlike some of our competitors, we dont even have retail stores. All Rights Reserved. Give us a call for product recommendations, custom service requests, order and shipment help, technical issueswhatever it is, you'll get quick, actionable answers. Healthy. Hydrofarm Holdings Group, Inc.
We proudly serve leafy greens to Nashville from our farm in Hermitage. Hydrofarm Holdings Group, Inc.
Further reduction in inventory and net working capital helping to generate positive Free Cash Flow. We wish Terry all the best in his future endeavors., Fitch added, I am grateful for my time at Hydrofarm and believe that the Company has the right leadership team to successfully navigate the challenging operating environment.. The decrease was primarily related to lower sales, partially offset by higher adjusted gross profit margin and lower adjusted SG&A. Expect good news from HydroHouse Farms! SHOEMAKERSVILLE, Apr 26, 2023 (GLOBE NEWSWIRE via COMTEX) -- SHOEMAKERSVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM . Our goal is to provide you with the best shopping experience in the industry.
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SHOEMAKERSVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") HYFM, a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review first quarter 2023 results on Wednesday, May 10 . Are you a professional or distributor? Hydrofarm Holdings Group, Inc. SHOEMAKERSVILLE, Pa., May 10, 2023 (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 first quarter ended March31, 2023. These non-GAAP financial measures may be different than similarly titled measures used by other companies. The improvement includes benefits from selling a higher proportion of proprietary brand products and from improved productivity. Gross proceeds of $8.6 million from the sale-leaseback of real estate located in Eugene, Oregon, was classified as a financing activity and is not reflected in cash used in operating activities or Free Cash Flow. Superior customer service is the lifeblood of our company. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania. We have made strides by reducing our overall costs in an effort to position ourselves to drive profitability in the near-term by improving brand sales mix, increasing productivity and reducing SG&A. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Our seasoned team of category and technical specialists are here to help. SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq . Este sitio web utiliza cookies para que usted tenga la mejor experiencia de usuario. However, Free Cash Flow does not represent funds available for investment or other discretionary uses since it does not deduct cash used to service our debt or other cash flows from financing activities. SHOEMAKERSVILLE, Pa., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm") (Nasdaq: HYFM), a leading manufacturer and distributor of equipment and supplies for. Our non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. During the first quarter of 2023, the Company maintained a zero balance on its Revolving Credit Facility. Bill Toler, Chairman and Chief Executive Officer of Hydrofarm, said, I am proud of our team who has worked tirelessly to execute on our restructuring and related cost savings initiatives while navigating the challenging operating environment as the broader industry finds its way through supply/demand imbalances. Net sales of approximately $290 million to $310 million, and now expects results to be toward the lower end of the range.
He has been instrumental in laying the foundation for the company to capture future growth. We are a leading wholesale supplier of quality horticultural products to the European market. Net loss was $(16.8)million, or $(0.37) per diluted share, compared to net loss of $(23.3)million, or $(0.52) per diluted share. The decrease was primarily related to the decrease in net sales. SHOEMAKERSVILLE, Pa., May 10, 2023 (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 PDF Version Read More Wednesday, April 26, 2023 Improved year-over-year Adjusted Gross Profit. Suite 200Petaluma CA 94954800.634.9990, HYDROFARM WEST2225 Huntington Dr.Fairfield, CA 94533800.634.9990, HYDROFARM NORTHWEST58 SE 223rd Ave Building CGresham, OR 97030800.634.9990, HYDROFARM SOUTHWEST11099 Almond AveFontana, CA 92337800.634.9990, HYDROFARM MOUNTAIN4200 E 50th AveDenver, CO 80216-3158800.634.9990, HYDROFARM MIDWEST30104 Research Dr.New Hudson, MI 48165888.780.4567, HYDROFARM EAST1510 Main StShoemakersville, PA 19555888.780.4567, HYDROFARM CANADA WEST5744 268th StreetLangley, BC V4W 0B2800-663-2934, HYDROFARM CANADA EAST255 Holiday Inn Drive,Cambridge, ON. All Controllers, Monitors & Timers Brands, All Plant Care/Pest & Disease Control Brands, Phantom 60 Series DE Enclosed Lighting System, 1000W, 277-400V (10' 277V L7-15P Cord), House & Garden Commercial CalMag, 25 lbs Pail, GROW!T Commercial Coco, RapidRIZE Block 10"x10"x7", case of 10, Active Aqua IZON Rolling Bench, 4' Wide Center Section (2 of 2). About Hydrofarm Holdings Group, Inc.Hydrofarm is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, including grow lights, climate control solutions, growing media and nutrients, as well as a broad portfolio of innovative and proprietary branded products.
Hydrofarm is your first stop for all your indoor agriculture needs. Containers, bags, sealers, and desiccants, for a perfect cure. I have read and accept the privacy policy. We define Adjusted SG&A (non-GAAP) as a percent of net sales as Adjusted SG&A (as defined above) divided by net sales realized in the respective period. The decrease was primarily related to an $8.7 million decline in amortization expenses and a $7.2 million decline in costs associated with compensation, distribution center relocations, acquisitions, and other professional fees. For the three months ended March31, 2022, Other included severance costs related to workforce reductions to optimize our cost structure. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / ELECTRICAL EQUIPMENT, APPLIANCE, AND COMPONENT MANUFACTURING Register on our website to become a customer. For more than 40 years, Hydrofarm has helped growers in the U.S. and Canadian markets make growing easier and more productive. Our products incorporate only premium quality components. Copyright 2023 by Hydrofarm. Adjusted Gross Profit(1) margin increased to 22.6% of net sales in the first quarter of 2023, compared to 20.0% of net sales in the prior year period. For more than 40 years, Hydrofarm has helped growers in the U.S., Canadian and European markets make cultivation easier and more productive. We are ready to help grow your specialty retail store, your lawn-and-garden center, or your commercial grow. 3 Ancillary Cannabis Stocks To Watch, Ancillary Cannabis Stocks To Buy? Other (income) expense, net related primarily to foreign currency exchange rate gains and losses and other non-operating income and expenses. The Companys mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects. Grow plants to perfection without the need for soil. The Company is reaffirming its full year 2023 outlook: The Company's 2023 outlook also reaffirms the following assumptions, consistent with previous expectations: The Company will host a conference call to discuss financial results for the first quarter 2023 today at 4:30 p.m. Eastern Time. The decrease in foreign exchange related to strength in the U.S. Dollar relative to the Canadian Dollar. In addition, the Company had approximately $10.4 million in finance leases and $0.2 million in other debt outstanding.
The Company defines net debt as total debt principal outstanding less cash, cash equivalents and restricted cash.
Our professional-grade hydroponics and UL-listed lighting fixtures give you years of dependable service. No waiting. The company s products are available in hundreds of stores and catalogs throughout North America. Weighted-average shares of common stock outstanding: Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Current portion of operating lease liabilities, Current portion of finance lease liabilities, Common stock ($0.0001 par value; 300,000,000 shares authorized; 45,362,276 and 45,197,249 shares issued and outstanding at March31, 2023, and December31, 2022, respectively), Capital expenditures of Property, Plant and Equipment (GAAP). Sides offer diagrams and call-outs, specifications, compatible cross-sells, and complete translations in Spanish and French. Statements contained in this press release, other than statements of historical fact, which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Companys management, and the Companys assumptions regarding such performance and plans are forward-looking statements within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. Growing starts with knowing. Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada.
SHOEMAKERSVILLE, Pa., May 10, 2022 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of. Cautionary Note Regarding Forward-Looking Statements. Last update at 06:53 EDT See on Supercharts Overview News Ideas Financials Technicals Forecast HYFM chart Today 4.27% Week 6.98% 1 month 30.56% 6 months 63.48% Year to date 36.79% 1 year 83.81% Our knowledgeable and friendly customer service representatives are available between 9am and 6pm PST via phone as well as online Chat. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie.
Management believes that certain non-GAAP financial measures provide investors with additional useful information in evaluating our performance and that excluding certain items that may vary substantially in frequency and magnitude period-to-period from net loss provides useful supplemental measures that assist in evaluating our ability to generate earnings and to more readily compare these metrics between past and future periods. A press release containing first quarter 2023 results will be issued after market close that same day. In the first quarter, cash used in operating activities was $(9.0) million and capital expenditures were $(1.7) million, yielding negative Free Cash Flow(1) of $(10.6) million, a $2.0 million improvement compared to 2022. With over 3,000 products to choose from, you can be sure that you'll find the right combination of equipment, supplies, and knowledge to ensure that you or your customers cultivate the best possible environment and conditions for optimal yields. Build your site Technical assistance and after-sales service. With our extensive inventory, knowledgable staff and unbeatable service, Hydrofarm is ready to help your business thrive. June 23, 2022 08:30 ET
Net loss was $(16.8)million, $(0.37) per diluted share, in the first quarter of 2023, compared to a net loss of $(23.3)million, or $(0.52) per diluted share, in the first quarter of 2022. Gross Profit decreased to $11.4million compared to $16.6million. Premium plant foods and supplements for yield and crop steering. | Source:
All Controllers, Monitors & Timers Brands, All Plant Care/Pest & Disease Control Brands. The improvement was primarily due to significantly lower SG&A expenses, partially offset by lower net sales and gross profit in 2023, and current year tax expense compared to a tax benefit in the prior year. | Source:
The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments. To be the most helpful, we have to offer a program that also includes in-depth product knowledge, accurate just-in-time delivery and impeccable customer service.
We take that responsibility very seriously. For over 40 years, Hydrofarm has helped growers make growing easier and more productive. The ongoing COVID-19 pandemic could have a material adverse effect on the Companys business, results of operation, financial condition and/or cash flows; Interruptions in the Company's supply chain, whether due to COVID-19 or otherwise could adversely impact expected sales growth and operations; The highly competitive nature of the Companys markets could adversely affect its ability to maintain or grow revenues; Certain of the Companys products may be purchased for use in new or emerging industries or segments, including the cannabis industry, and/or be subject to varying, inconsistent, and rapidly changing laws, regulations, administrative and enforcement approaches, and consumer perceptions and, among other things, such laws, regulations, approaches and perceptions may adversely impact the market for the Companys products; The market for the Companys products has been impacted by conditions impacting its customers, including related crop prices and other factors impacting growers; Compliance with environmental and other public health regulations or changes in such regulations or regulatory enforcement priorities could increase the Companys costs of doing business or limit the Companys ability to market all of its products; Damage to the Companys reputation or the reputation of its products or products it markets on behalf of third parties could have an adverse effect on its business; If the Company is unable to effectively execute its e-commerce business, its reputation and operating results may be harmed; The Companys operations may be impaired if its information technology systems fail to perform adequately or if it is the subject of a data breach or cyber-attack; The Company may not be able to adequately protect its intellectual property and other proprietary rights that are material to the Companys business; Acquisitions, other strategic alliances and investments could result in operating and integration difficulties, dilution and other harmful consequences that may adversely impact the Companys business and results of operations. Visit our News and Events section for the most up-to-date information on Hydrofarm happenings and latest industry information. Offices) (Zip Code) Registrant's telephone number, including area code: (707) 765-9990. We remain optimistic about our long-term business fundamentals and our ability to take advantage of growth opportunities ahead.". The conference call will also be webcast live and archived on the corporate website at www.hydrofarm.com, under the Investors section. Industry Farm & Heavy Construction Machinery Investment Style Small Value Day Range 0.87 - 0.94 Year Range 0.87 - 7.18 Market Cap 41.1666 Mil Volume / Avg 269,476.0 / 413,550.3 Price / Sales 0.14. 3 To Watch This Week. Along with making the best products for your retail business, Hydrofarm staffers are always seeking opportunities to help other individuals, businesses, and organizations "grow." Hydrofarm Holdings Group Announces First Quarter 2023 Results. Our mission is to provide growers, growers and growers with products that enable higher quality, efficiency, consistency and speed in their cultivation projects. HYDROFARM CANADA EAST 255 Holiday Inn Drive, Cambridge, ON. Contacts:Investor ContactAnna Kate Heller / ICRir@hydrofarm.com. May 10, 2023 16:05 ET
". Wetrack every single one of our plants from seed to harvest. Company Updates Full Year 2022 Outlook. SHOEMAKERSVILLE, Pa., March 09, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of. Adjusted Gross Profit Margin. Hydrofarm Europe's customer service team is available to answer your questions about any of the products we offer, order management, shipping and much more. Hydrofarm Europe helps growers across Europe to make cultivation easier and more productive. Best Ancillary Marijuana Stocks For October 2022. Whether you're new to indoor agriculture and hydroponics or a seasoned grower, our Hydrofarm educational resources can be found here to give you the knowlege to help you succeed most in your grow. Increased quality, efficiency, consistency and speed for crops. For over 40 years, Hydrofarm has helped growers make growing easier and more productive. We recently completed the consolidation of our Canadian nutrient manufacturing facility, the closure of our regional office in China as well as the relocation of our distribution center in Western Canada. Gross profit margin percentage was negatively impacted by restructuring charges of $1.2 million in the first quarter of 2023.
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