earnings
confidence high
sentiment positive
materiality 0.80
Hydrofarm Q3 net sales rise 28% to $123.8M; adj. EBITDA +117%; reaffirms FY outlook
HYDROFARM HOLDINGS GROUP, INC.
2021-Q3 EPS reported
$0.58
revenue$369,011,000
- Net sales $123.8M (+28.1% YoY); gross profit $30.0M (24.2% margin vs 18.8%).
- Net income $17.3M ($0.37 diluted EPS) vs $2.0M; pro forma adjusted EPS $0.17.
- Adjusted EBITDA $16.1M (+116.7% YoY); reiterates FY2021 adj. EBITDA guidance $47-53M.
- Completed Aurora Innovations and Greenstar acquisitions in Q3; post-quarter closed IGE.
- Issued $125M senior secured term loan facility to support growth and acquisitions.