Hydrofarm Holdings Group Announces Third Quarter 2024 Results and Reaffirms 2024 Outlook on Key Metrics
Hydrofarm Holdings Group, Inc. (HYFM)
Company Research
Source: GlobeNewswire
SHOEMAKERSVILLE, Pa., Nov. 07, 2024 (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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights vs. Prior Year Period: Net sales decreased to $44.0 million compared to $54.2 million.Gross Profit Margin increased to 19.4% of net sales compared to 6.1%.Adjusted Gross Profit Margin(1) increased to 24.3% of net sales compared to 23.0%.SG&A expense and Adjusted SG&A(1) expense decreased by more than 10%.Net loss improved to $13.1 million compared to $19.9 million.Adjusted EBITDA(1) remained positive.Cash used in operating activities and Free Cash Flow(1) were $(4.5) million and $(5.3) million, respectively. (1) Adjusted Gross Profit, Adjusted Gross
Show less
Read more
Impact Snapshot
Event Time:
HYFM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HYFM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HYFM alerts
High impacting Hydrofarm Holdings Group, Inc. news events
Weekly update
A roundup of the hottest topics
HYFM
News
- Hydrofarm Holdings Group Inc (HYFM) Q3 2024 Earnings Call Highlights: Strong Proprietary Brand ... [Yahoo! Finance]Yahoo! Finance
- Hydrofarm Holdings Group Inc (HYFM) Q3 2024 Earnings Report Preview: What to Expect [Yahoo! Finance]Yahoo! Finance
- Hydrofarm Holdings Group, Inc. to Announce Third Quarter 2024 Results on November 7, 2024GlobeNewswire
- Zacks Industry Outlook Highlights Bunge, West Fraser Timber, Hydrofarm and Arcadia Biosciences [Yahoo! Finance]Yahoo! Finance
- Hydrofarm CEO Bill Toler to step down from role, Lindeman to succeed [Seeking Alpha]Seeking Alpha
HYFM
Earnings
- 11/7/24 - Miss
HYFM
Sec Filings
- 11/12/24 - Form SCHEDULE
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- HYFM's page on the SEC website