---
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"
generated_at: "2026-06-02T01:03:35.927035+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hydrofarm Q1 net sales $54.2M, net loss $0.28/sh; Adj EBITDA positive $0.3M; reaffirms FY outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023051
- JSON: https://secwatch.observer/filing/0001628280-24-023051.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023051.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $54.2 million
  - Net income: $12.6 million
  - EPS: $(0.28) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1695295/000162828024023051/0001628280-24-023051-index.htm

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