{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-017226","form_type":"8-K","ticker":"HYFM","cik":"0001695295","company_name":"HYDROFARM HOLDINGS GROUP, INC.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.084882+00:00","generated_at":"2026-06-15T06:36:21.922275+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hydrofarm Q1 sales drop 44% to $62.2M; Adjusted EBITDA turns negative at $(2.1)M","bullets":["Net loss narrowed to $(16.8)M ($(0.37)/diluted share) from $(23.3)M ($(0.52)) a year ago.","Adjusted gross profit margin improved to 22.6% from 20.0% on better brand mix and productivity.","Reaffirmed FY 2023 outlook: net sales $290-310M (now expects low end), modestly positive Adj. EBITDA, positive free cash flow.","Restructuring: completed Canadian nutrient plant consolidation, China office closure, Western Canada DC relocation.","Amended revolver to $55M capacity, extended maturity to June 2026; completed $8.6M sale-leaseback in Oregon."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-017226","json":"https://secwatch.observer/filing/0001628280-23-017226.json","markdown":"https://secwatch.observer/filing/0001628280-23-017226.md","text":"https://secwatch.observer/filing/0001628280-23-017226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695295/000162828023017226/0001628280-23-017226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695295/000162828023017226/hyfm-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:36:21.922275+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04808f69a3c00d9d5768ebea007d60e4ce3668fb","claim":"HYDROFARM HOLDINGS GROUP, INC. reported first quarter ended March 31, 2023 results: revenue $62.2 million, net income $(16.8) million, EPS $(0.37) per diluted share. Guidance reaffirmed.","evidence_excerpt":"agriculture, today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Highlights vs. Prior Year Period: • Net sales decreased to $62.2 million compared to $111.4 million. • Gross Profit decreased to $11.4 million compared to $16.6 million. Adjusted Gross Profit (1) was $14.1 million compared to $22.3 million. • Gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000162828023017226/0001628280-23-017226-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$62.2 million"},{"label":"Net income","value":"$(16.8) million"},{"label":"EPS","value":"$(0.37) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}