{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-023051","form_type":"8-K","ticker":"HYFM","cik":"0001695295","company_name":"HYDROFARM HOLDINGS GROUP, INC.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.640134+00:00","generated_at":"2026-06-02T01:03:35.927035+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hydrofarm Q1 net sales $54.2M, net loss $0.28/sh; Adj EBITDA positive $0.3M; reaffirms FY outlook","bullets":["Net sales $54.2M, down 13% YoY on volume decline; Adj gross margin improved to 23.4%.","Net loss improved to $12.6M ($0.28/share) from $16.8M loss ($0.37/share) in Q1 2023.","Adjusted EBITDA turned positive at $0.3M vs ($2.1M) prior year; Free cash flow improved by $6.9M.","Reaffirms FY2024 outlook: net sales decrease low to high teens, positive Adj EBITDA and Free Cash Flow.","Agreed to sell durable equipment assets for ~$8.7M; expects ~$12M loss on disposition in Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-023051","json":"https://secwatch.observer/filing/0001628280-24-023051.json","markdown":"https://secwatch.observer/filing/0001628280-24-023051.md","text":"https://secwatch.observer/filing/0001628280-24-023051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695295/000162828024023051/0001628280-24-023051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695295/000162828024023051/hyfm-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:03:35.927035+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":"834625fc40ff2ceace978270309481f6efa4ad1c","claim":"HYDROFARM HOLDINGS GROUP, INC. reported the first quarter ended March 31, 2024 results: revenue $54.2 million, net income $12.6 million, EPS $(0.28) per diluted share. Guidance reaffirmed.","evidence_excerpt":"agriculture, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights vs. Prior Year Period: • Net sales decreased to $54.2 million compared to $62.2 million. • Gross Profit Margin increased to 20.2% of net sales compared to 18.3%. • Adjusted Gross Profit Margin (1) increased to 23.4% of net sales compared to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695295/000162828024023051/0001628280-24-023051-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$54.2 million"},{"label":"Net income","value":"$12.6 million"},{"label":"EPS","value":"$(0.28) 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"}