secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-035869
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hydrofarm Q2 net sales down 13.1% to $54.8M; net loss widens to $23.5M
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- Net sales $54.8M vs $63.1M; net loss $23.5M ($0.51/sh) vs $12.9M ($0.28/sh) YoY.
- Adjusted EBITDA $1.7M vs $2.5M; Adjusted Gross Profit Margin 24.4% vs 27.0%.
- Completed IGE Asset Sale in May 2024 for non-cash loss of $11.5M; entered supply agreement.
- Reaffirms FY2024 outlook: net sales down low-to-high teens, positive Adj EBITDA and Free Cash Flow.
- Cash $30.3M; zero revolver balance; ~$20M available borrowing capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000162828024035869/0001628280-24-035869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000162828024035869/hyfm-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035869

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