secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001628280-21-022975
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hydrofarm Q3 net sales rise 28% to $123.8M; adj. EBITDA +117%; reaffirms FY outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000162828021022975/0001628280-21-022975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000162828021022975/hyfm-20211111.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-022975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer