secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001628280-22-029223
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hydrofarm Q3 net sales down 40% to $74.2M; reaffirms FY2022 outlook
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- Net loss of $23.5M ($0.52 EPS loss) vs prior year net income of $17.3M; adjusted EPS loss of $0.33.
- Net sales $74.2M vs $123.8M YoY, driven by 42.6% volume decline; gross margin compressed to 7.9%.
- Adjusted EBITDA loss of $9.0M vs $16.1M gain in prior year; includes $5.5M inventory/AR charges.
- Reaffirms FY2022 net sales guidance $330-347M; Adjusted EBITDA $(25)-$(16)M.
- Generated positive free cash flow $5.6M in Q3; $16.5M cash; $62M undrawn revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022029223/0001628280-22-029223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022029223/hyfm-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029223

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