---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-038237"
form_type: "8-K"
ticker: "HYFM"
cik: "0001695295"
company_name: "HYDROFARM HOLDINGS GROUP, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:59:57.278518+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Q3 net sales down 27% to $54.2M; adjusted EBITDA turns positive at $0.5M

## Summary
- Net sales $54.2M, down from $74.2M YoY; net loss $19.9M ($0.44/share).
- Adjusted EBITDA positive $0.5M vs negative $9.0M YoY; Free Cash Flow $6.9M.
- Second restructuring phase initiated, $7.8M charges expected to yield $1.5M annual savings.
- Reaffirmed FY2023 guidance: net sales $230-240M, modestly positive adjusted EBITDA, positive FCF.
- Cash $32.5M, zero revolver balance, compliance with debt covenants.

## SEC filing metadata
- accession: 0001628280-23-038237
- form_type: 8-K
- ticker: HYFM
- cik: 0001695295
- company_name: HYDROFARM HOLDINGS GROUP, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1695295/000162828023038237/0001628280-23-038237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1695295/000162828023038237/hyfm-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038237
- JSON: https://secwatch.observer/filing/0001628280-23-038237.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038237.txt

## Key facts
- Earnings Releases
  HYDROFARM HOLDINGS GROUP, INC. updated its third quarter ended September 30, 2023 guidance (reaffirmed).
  - Period: third quarter ended September 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: Hydrofarm Holdings Group, Inc. issued a press release announcing its financial results for the third quarter ended September 30, 2023 and reaffirming its full-year 2023 outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828023038237/0001628280-23-038237-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.