Hydrofarm Holdings Group, Inc. SHOEMAKERSVILLE, Pa., June 23, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (Hydrofarm) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), today announced that Terence Fitch will step down as President, effective June 24, 2022, to pursue other opportunities. ". A complete product line of over 5,000 items, A knowledgeable staff available for consultation, A safety tested, UL-listed, CSA-certified complete line of grow lights, A designated wholesale representative to personally handle your account, 8 distribution centers for fast shipment to your area, Order by phone toll-free, or online using our unique, user-friendly e-commerce system. Click here to learn how Hydrofarm takes action in the community. For the three months ended March31, 2022, this included charges related to acquisitions completed in 2021, including non-cash purchase accounting inventory adjustments, transaction services and legal fees, as well as the impact of changes in fair value of contingent consideration. This saves us a ton of prep and allows our staff to use that extra time to focus on getting meals out into the community. Ready to apply, or have some questions? Hydrofarm Europe helps growers across Europe to make cultivation easier and more productive. Our seasoned team of category and technical specialists are here to help. Growing starts with knowing. SHOEMAKERSVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") HYFM -3.77% + Free Alerts The conference call will also be webcast live and archived on the corporate website at www.hydrofarm.com, under the Investors section. With over 3,000 products to choose from, you can be sure that you'll find the right combination of equipment, supplies, and knowledge to ensure that you or your customers cultivate the best possible environment and conditions for optimal yields. Whether youre new to Hydrofarm or a longtime customer, you may be curious about why we remain committed to remaining a wholesale-only vendor. D&B Business Directory HOME / BUSINESS DIRECTORY / MANUFACTURING / ELECTRICAL EQUIPMENT, APPLIANCE, AND COMPONENT MANUFACTURING Bolstering immune health has never been more important than right now. 3 Ancillary Cannabis Stocks To Watch, Ancillary Cannabis Stocks To Buy? SHOEMAKERSVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture ("CEA"), today announced that it will host a conference call to review fir. Bill Toler, Chairman and Chief Executive Officer, and John Lindeman, Chief Financial Officer, will host the call. Were here to support your growing business 100% of the way. Our goal is to provide you with quick and easy access to the innovative products the market demands. "The greens we get from HydroHouse are amazing. Hydrofarm Europes customer service team is available to answer your questions about any of the products we offer, order management, shipping and much more. SHOEMAKERSVILLE, Pa., March 09, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of. Shoemakersville, PA 19555 888.780.4567. The decrease was primarily related to an $8.7 million decline in amortization expenses and a $7.2 million decline in costs associated with compensation, distribution center relocations, acquisitions, and other professional fees. All Rights Reserved. It may seem limiting that we only sell to retailers, but we are here to serve our buyers, not compete with them. For the three months ended March31, 2022, Other included severance costs related to workforce reductions to optimize our cost structure. The Company completed the sale-leaseback of real estate located in Eugene, Oregon and received approximately $8.6 million in gross proceeds, which was classified per GAAP as a financing activity and was not reflected in cash used in operating activities or Free Cash Flow(1). Capital expenditures of approximately $7 million to $9 million. Harvested at peak freshness for optimal nutrition and flavor! The only way for the general public to buy Hydrofarm products is through retailers like you. USD, Ancillary Marijuana Stocks To Watch For This Week, 3 Marijuana Stocks To Better Your Odds Of Making A Profit, Best Ancillary Marijuana Stocks Under $2 Watch, Hydrofarm Holdings Group Announces First Quarter 2023 Results, Top Ancillary Marijuana Stocks To Watch May 2023, 3 Marijuana Stocks To Watch Before The Final Bell, Hydrofarm Holdings Group, Inc. to AnnounceFirst Quarter 2023 Results on May 10, 2023, Are Marijuana Stocks A Buy In April? Includes stock-based compensation and related employer payroll taxes on stock-based compensation for the periods presented. Maximize plant growth by managing temperature, humidity, and air quality. Along with making the best products for your retail business, Hydrofarm staffers are always seeking opportunities to help other individuals, businesses, and organizations "grow." The decrease in volume of products sold was primarily related to oversupply in the cannabis industry. The pillar scores are Audit: 3; Board: 8; Shareholder Rights: 8; Compensation: 7. Build your site Technical assistance and after-sales service. We define Adjusted SG&A (non-GAAP) as a percent of net sales as Adjusted SG&A (as defined above) divided by net sales realized in the respective period. Gross profit margin percentage was negatively impacted by acquisition expenses of $3.9 million and an increase in inventory allowances of $3.2 million in the first quarter of 2022. Between Hydrofarms industry-leading house brands and our distributed products, youre covered across every category. We recently completed the consolidation of our Canadian nutrient manufacturing facility, the closure of our regional office in China as well as the relocation of our distribution center in Western Canada. SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq . We define Adjusted SG&A (non-GAAP) as SG&A (GAAP) excluding depreciation, depletion, and amortization, stock-based compensation including employer payroll taxes on stock-based compensation, restructuring charges, and other non-cash, unusual and/or infrequent costs (i.e., other expenses, acquisition and integration expenses, and distribution center exit costs), which we do not consider in our evaluation of ongoing operating performance. Hydrofarm Holdings Group, Inc. (Exact name of registrant as specified in its charter) . 2 On Watch Before April, Best Ancillary Marijuana Stocks Now? We combine the benefits of greenhouse agriculture with hydroponics to grow premium leafy greens all year round. Parque Empresarial Sector P-9, Edificio C (P.1). The companys mission is to empower growers, growers and growers with products that enable higher quality, efficiency, consistency and speed in their growing projects. Bill Toler, Chairman and Chief Executive Officer of Hydrofarm, said, I am proud of our team who has worked tirelessly to execute on our restructuring and related cost savings initiatives while navigating the challenging operating environment as the broader industry finds its way through supply/demand imbalances. During the first quarter of 2023, the Company maintained a zero balance on its Revolving Credit Facility. Cautionary Note Regarding Forward-Looking Statements. 1304 Southpoint Blvd, Suite 200, Petaluma, CA 94954. Fast shipment of orders, with constant control of each shipment. All set! No waiting. | Source: Bolstering immune health has never been more important than right now. N3C 3T2 You need to look no further to find exactly what you want, whether youre seeking nutrients or lighting, or want us to craft a plan to optimize or scale your commercial operation. For more than 40 years, Hydrofarm has helped growers in the U.S., Canadian and European markets make cultivation easier and more productive. For more than 40 years, Hydrofarm has helped growers in the U.S. and Canadian markets make growing easier and more productive. 1510 Main St Shoemakersville PA 19555 (707) 765-9990 Claim this business (707) 765-9990 Website More Directions Advertisement Hydrofarm is the nation's oldest and largest maker of hydroponics and grow lights. Healthy. After 45 years of getting our hands dirty, theres nothing we cant figure out together. Management believes that certain non-GAAP financial measures provide investors with additional useful information in evaluating our performance and that excluding certain items that may vary substantially in frequency and magnitude period-to-period from net loss provides useful supplemental measures that assist in evaluating our ability to generate earnings and to more readily compare these metrics between past and future periods. Please use our contact form or call (800) 634-9990. SHOEMAKERSVILLE, Pa., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of. Our seasoned team of category and technical specialists are here to help. SHOEMAKERSVILLE, Pa., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm") (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded. Superior customer service is the lifeblood of our company. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. We know that independent retailers need more than excellent product accessibility. Visit our News and Events section for the most up-to-date information on Hydrofarm happenings and latest industry information. Hydrofarm The best of the best - world class brands, expert service and remarkable support. We have made strides by reducing our overall costs in an effort to position ourselves to drive profitability in the near-term by improving brand sales mix, increasing productivity and reducing SG&A. Prior Year Period: (1) Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted SG&A, Adjusted SG&A as a percent of net sales, Adjusted EBITDA, and Free Cash Flow are non-GAAP measures. We remain optimistic about our long-term business fundamentals and our ability to take advantage of growth opportunities ahead.". Wetrack every single one of our plants from seed to harvest. Hydrofarm is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, including grow lights, climate control solutions, growing media and nutrients, as well as a broad portfolio of innovative and proprietary branded products. Suite 200Petaluma CA 94954800.634.9990, HYDROFARM WEST2225 Huntington Dr.Fairfield, CA 94533800.634.9990, HYDROFARM NORTHWEST58 SE 223rd Ave Building CGresham, OR 97030800.634.9990, HYDROFARM SOUTHWEST11099 Almond AveFontana, CA 92337800.634.9990, HYDROFARM MOUNTAIN4200 E 50th AveDenver, CO 80216-3158800.634.9990, HYDROFARM MIDWEST30104 Research Dr.New Hudson, MI 48165888.780.4567, HYDROFARM EAST1510 Main StShoemakersville, PA 19555888.780.4567, HYDROFARM CANADA WEST5744 268th StreetLangley, BC V4W 0B2800-663-2934, HYDROFARM CANADA EAST255 Holiday Inn Drive,Cambridge, ON. NasdaqGS - NasdaqGS Real Time Price. Net loss was $(16.8)million, or $(0.37) per diluted share, compared to net loss of $(23.3)million, or $(0.52) per diluted share. SHOEMAKERSVILLE, Pa., June 23, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm") (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics . Whether you are new to Hydrofarm or a long-time customer, you may be curious as to why we remain committed to remaining a wholesaler. Si contina navegando est dando su consentimiento para la aceptacin de las mencionadas cookies y la aceptacin de nuestra poltica de cookies, pinche el enlace para mayor informacin. I have read and accept the privacy policy. We wish Terry all the best in his future endeavors., Fitch added, I am grateful for my time at Hydrofarm and believe that the Company has the right leadership team to successfully navigate the challenging operating environment.. Gross profit margin percentage increased to 18.3% for the three months ended March31, 2023, from 14.9% in the same period in 2022. Bill Toler, Chairman and Chief Executive Officer of Hydrofarm, said, On behalf of the board and executive team, I would like to thank Terry for his contributions during the past three years. Parque Empresarial Sector P-9, Building C (Door 1)50639 Figueruelas, Zaragoza, Espaa. The company s products are available in hundreds of stores and catalogs throughout North America. Adjusted Gross Profit Margin. Gross proceeds of $8.6 million from the sale-leaseback of real estate located in Eugene, Oregon, was classified as a financing activity and is not reflected in cash used in operating activities or Free Cash Flow. A plant's journey from seed to harvest is a delicate one that requires care and attention. Other (income) expense, net related primarily to foreign currency exchange rate gains and losses and other non-operating income and expenses. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments. Selling, general and administrative (SG&A) expense was $24.4million in the first quarter of 2023, compared to $40.2million in the first quarter of 2022. Cash used in operating activities of $(9.0) million and negative Free Cash Flow. Gross Profit decreased to $11.4million compared to $16.6million. We define Adjusted EBITDA (non-GAAP) as a percent of net sales as adjusted EBITDA (as defined above) divided by net sales realized in the respective period. For over 40 years, Hydrofarm has helped growers make growing easier and more productive. Get started here to register for an account. The reduction in price was mainly due to the sell-through of discounted lighting products. These forward-looking statements generally can be identified as statements that include phrases such as guidance, outlook, projected, believe, target, predict, estimate, forecast, strategy, may, goal, expect, anticipate, intend, plan, foresee, likely, will, should or other similar words or phrases. Find company research, competitor information, contact details & financial data for Hydrofarm, LLC of Petaluma, CA. SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial PDF Version Read More Wednesday, April 26, 2023 About Hydrofarm Holdings Group, Inc.Hydrofarm is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, including grow lights, climate control solutions, growing media and nutrients, as well as a broad portfolio of innovative and proprietary branded products. Weve enhanced our product and packaging quality as well. The Companys mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects. 1510 Main Street. HYDROFARM CANADA EAST 255 Holiday Inn Drive, Cambridge, ON. The Company is reaffirming its full year 2023 outlook: The Company's 2023 outlook also reaffirms the following assumptions, consistent with previous expectations: The Company will host a conference call to discuss financial results for the first quarter 2023 today at 4:30 p.m. Eastern Time. We are a leading wholesale supplier of quality horticultural products to the European market. We are a leading manufacturer and distributor in the horticulture segment in Europe. The conference call can be accessed live over the phone by dialing 1-877-451-6152. Net sales in the first quarter of 2023 decreased to $62.2 million compared to $111.4 million in the first quarter of 2022, driven by a 42.5% decline in volume of products sold, a 1.1% decrease in price/mix of products sold, and a 0.6% decline from unfavorable foreign exchange rates. We take that responsibility very seriously. Consistent. SHOEMAKERSVILLE, Pa., March 01, 2022 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of. . Hydrofarm Holdings Group, Inc.s ISS Governance QualityScore as of June 1, 2023 is 7. SHOEMAKERSVILLE, May 10, 2023 (GLOBE NEWSWIRE via COMTEX) -- SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a . Scores indicate decile rank relative to index or region. Please note: Hydrofarm sells only to retailers - consumers seeking to buy Hydrofarm products can click here to find a nearby dealer. SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of . To supplement our condensed consolidated financial statements which are prepared in accordance with GAAP, we use "Adjusted EBITDA", "Adjusted Gross Profit", "Adjusted SG&A", and "Free Cash Flow" which are non-GAAP financial measures. He has been instrumental in laying the foundation for the company to capture future growth. June 23, 2022 08:30 ET The ongoing COVID-19 pandemic could have a material adverse effect on the Companys business, results of operation, financial condition and/or cash flows; Interruptions in the Company's supply chain, whether due to COVID-19 or otherwise could adversely impact expected sales growth and operations; The highly competitive nature of the Companys markets could adversely affect its ability to maintain or grow revenues; Certain of the Companys products may be purchased for use in new or emerging industries or segments, including the cannabis industry, and/or be subject to varying, inconsistent, and rapidly changing laws, regulations, administrative and enforcement approaches, and consumer perceptions and, among other things, such laws, regulations, approaches and perceptions may adversely impact the market for the Companys products; The market for the Companys products has been impacted by conditions impacting its customers, including related crop prices and other factors impacting growers; Compliance with environmental and other public health regulations or changes in such regulations or regulatory enforcement priorities could increase the Companys costs of doing business or limit the Companys ability to market all of its products; Damage to the Companys reputation or the reputation of its products or products it markets on behalf of third parties could have an adverse effect on its business; If the Company is unable to effectively execute its e-commerce business, its reputation and operating results may be harmed; The Companys operations may be impaired if its information technology systems fail to perform adequately or if it is the subject of a data breach or cyber-attack; The Company may not be able to adequately protect its intellectual property and other proprietary rights that are material to the Companys business; Acquisitions, other strategic alliances and investments could result in operating and integration difficulties, dilution and other harmful consequences that may adversely impact the Companys business and results of operations. Hydrofarm Holdings Group, Inc. SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (Hydrofarm or the Company) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its first quarter ended March31, 2023. Net loss was $(16.8)million, $(0.37) per diluted share, in the first quarter of 2023, compared to a net loss of $(23.3)million, or $(0.52) per diluted share, in the first quarter of 2022. Hydrofarm is your first stop for all your indoor agriculture needs. N3C 3T21.888.747.4769. The decrease in foreign exchange related to strength in the U.S. Dollar relative to the Canadian Dollar. Sides offer diagrams and call-outs, specifications, compatible cross-sells, and complete translations in Spanish and French. Are you a professional or distributor? With a large number of products ranging from horticultural lighting, organic based fertilizers, climate control and garden accessories. The only way for the general public to buy Hydrofarm products is through retailers like you. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. For the three months ended March31, 2023, restructuring expenses related primarily to the relocation and termination of certain facilities in Canada and the closure of the Company's supply chain management office in China. SHOEMAKERSVILLE, Apr 26, 2023 (GLOBE NEWSWIRE via COMTEX) -- SHOEMAKERSVILLE, Pa., April 26, 2023 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM . Additional detailed information concerning a number of the important factors that could cause actual results to differ materially from the forward-looking information contained in this release is readily available in the Companys annual, quarterly and other reports. Pest control inputs and gadgets to observe and address plant health issues. With four decades in the industry, weve seen an incredible amount of change in the way technology can enhance your ordering process, and weve stayed current to make sure you do too. Top Ancillary Marijuana Stocks For February 2023, 3 Marijuana Stocks To Buy At The End Of January, Best Ancillary Cannabis Stocks To Watch Mid-January 2023, Hydrofarm Holdings Group, Inc. to Participate in the 25th Annual ICR Conference, Best Ancillary Marijuana Stocks To Watch Now, Top Ancillary Cannabis Stocks For December 2022 Right Now, 2 Cannabis Stocks To Watch In The Stock Market, Best Ancillary Marijuana Stocks To Watch Right Now, Marijuana Stocks To Watch Before November? The first quarter cash usage from operating activities was due primarily to seasonality and cash payments relating to the restructuring plan. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. Hydrofarm is a leading distributor and manufacturer of controlled environment agriculture equipment and supplies, including high-intensity grow lights, climate control solutions, and growing media, as well as a broad portfolio of innovative and proprietary branded products. Youre able to see your order status and even see your shipping carrier and where the order is en route, any time you want. We proudly serve leafy greens to Nashville from our farm in Hermitage. We are committed to quality, consistency, and community. Khng c ng dng ti chnh no c yu thch hn, Ty chnh cc tp lnh v cc tng c ngi dng chia s, ng nhp hoc to ti khon min ph trn i c tin tc ny. Currency in USD 0.9765 -0.0095 (-0.96%) At close: 04:00PM EDT 0.9500 -0.03 (-2.71%) After hours: 07:52PM EDT Stock chart. Weighted-average shares of common stock outstanding: Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Current portion of operating lease liabilities, Current portion of finance lease liabilities, Common stock ($0.0001 par value; 300,000,000 shares authorized; 45,362,276 and 45,197,249 shares issued and outstanding at March31, 2023, and December31, 2022, respectively), Capital expenditures of Property, Plant and Equipment (GAAP). SHOEMAKERSVILLE, Pa., April 26,2023 (GLOBE NEWSWIRE) Hydrofarm Holdings Group, Inc. (Hydrofarm or the Company) HYFM, a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), today announced that it will host a conference call to review first quarter 2023 results on Wednesday, May 10,2023 at 4:30 PM ET. As of March31, 2023, the Company had $18.7million in cash and $123.4 million in principal balance on its Term Loan outstanding.
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