earnings
confidence high
sentiment positive
materiality 0.80
Hydrofarm Q2 net sales up 47% to $133.8M; adjusted EBITDA doubles to $16.2M; raises FY outlook
HYDROFARM HOLDINGS GROUP, INC.
2021-Q2 EPS reported
$0.18
revenue$245,189,000
- Net sales $133.8M (+46.7% YoY); gross margin improved 250 bps to 22.1%.
- Adjusted EBITDA $16.2M (+127.5% YoY); pro forma adj. net income $0.30/diluted share.
- Completed four acquisitions: HEAVY 16, House & Garden, Aurora Innovations, Greenstar.
- Investor warrant redemption raised ~$56.8M gross; FY 2021 outlook: net sales growth 45-50%, adj. EBITDA $55-62M.
- Pro forma full-year rev $565-590M, adj. EBITDA $80-90M assuming all acquisitions from Jan 1.