HYFM
Hydrofarm Holdings Group, Inc.2.4400
+0.4000+19.6%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
11.39MP/E (TTM)
-Basic EPS (TTM)
-14.06Dividend Yield
0%Recent Filings
8-K
Terminates revolver, defaults on Term Loan
Hydrofarm terminated its revolving credit agreement with JPMorgan on February 17, 2026. Exploring strategic alternatives for liquidity, it deferred a $2.8 million Term Loan interest payment on February 4, triggering a default notice on February 11. Lenders may enforce remedies. Discussions continue amid liquidity pressures.
10-Q
Q3 FY2025 results
Hydrofarm's Q3 sales fell 33.3% y/y to $29.4M while gross margin contracted to 11.6% from 19.4%, driving operating loss wider to $13.0M from $9.0M amid restructuring inventory markdowns of $0.8M. Yet SG&A dipped 6.8% y/y on cost cuts. Cash drained to $10.7M with $10.1M operating outflow; Term Loan stands at $114.5M principal (10.9% effective rate, due 2028) while $4M revolver availability holds, covenant-compliant. EPS checks out at -$3.51 on 4.66M shares. Restructuring sharpens focus. Industry oversupply lingers.
8-K
CEO transition amid Q3 loss
Hydrofarm announced Q3 results with net sales down 33% to $29.4M and net loss widening to $16.4M versus prior year, yet free cash flow improved $5.1M to near breakeven amid restructuring. Effective December 1, 2025, William Toler resumes CEO role from B. John Lindeman, whose exit stems from no disagreements; Toler's base salary is $275,000 with 100% bonus target. Leadership continuity aids cost discipline. Transition risks execution.
8-K
Board changes at Hydrofarm
Hydrofarm Holdings Group announced Susan P. Peters' retirement from its board effective October 1, 2025, with no disagreements cited, accelerating vesting of her 30,000 restricted stock units. Chris Yetter, founder and CIO of Dumont Global—an affiliate of a major shareholder—was appointed to fill the vacancy as a Class III director and join the Compensation Committee, receiving a pro rata 20,000 RSU grant vesting June 9, 2026. Yetter's cannabis industry investment expertise bolsters board oversight. Smooth transition maintains continuity.
8-K
Q2 sales drop, restructuring launched
Hydrofarm Holdings Group reported Q2 2025 net sales of $39.2 million, down 28.4% from $54.8 million last year, amid persistent industry oversupply hitting durable products hardest. Gross profit margin slipped to 7.1%, but adjusted version held at 19.2%; net loss narrowed to $16.9 million from $23.5 million, thanks to 15.7% cuts in adjusted SG&A. The company launched a restructuring plan targeting over $3 million in annual savings by trimming underperforming brands and optimizing operations, while generating $1.4 million in free cash flow. Yet tariffs on imports loom as a cost risk.
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