earnings
confidence high
sentiment neutral
materiality 0.65
Hydrofarm reaffirms FY2021 outlook; Q4 organic sales decline low-to-mid teens
HYDROFARM HOLDINGS GROUP, INC.
2021-FY EPS reported
$0.31
revenue$479,420,000
- Reaffirms FY2021 net sales $470-490M (37-43% YoY growth) and Adj. EBITDA $47-53M.
- Q4 2021 organic sales declined low-to-mid teens due to mix shift toward consumables.
- Expects 8-10% organic top-line growth for FY2022, likely weighted to back half.
- FY2021 outlook includes partial contributions from five acquisitions (Heavy16, House&Garden, Aurora, Greenstar, IGE).
- Will provide detailed 2022 outlook with Q4 earnings report in March 2022.