Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Hydrofarm Holdings Group (HYFM)
NASDAQ:HYFM
RESEARCH TOOLSreports
Holding HYFM?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.24Last Year’s EPS
-$0.14Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 2.89%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
While Hydrofarm demonstrated strong cost management and strategic brand investments, challenges remain with declining net sales and industry oversupply. The company remains optimistic about future growth through diversification and regulatory changes, but current market conditions continue to impact performance.Company Guidance
In the Hydrofarm Q3 2024 earnings call, the company reported a decline in net sales to $44 million, an 18.8% year-over-year decrease, primarily due to a 13.7% decline in volume mix and a 4.9% reduction in pricing. Despite these challenges, Hydrofarm achieved an adjusted gross profit of $10.7 million, representing 24.3% of net sales, marking the sixth consecutive quarter with margins at or above 23%. The company continues to see success with its proprietary brands, which made up 56% of total net sales. Adjusted SG&A expenses were reduced by nearly 11% from the previous year, contributing to a positive adjusted EBITDA for the year-to-date. Hydrofarm's cash balance stood at $24.4 million, with $104 million in net debt, and the company reaffirmed its guidance for positive adjusted EBITDA and free cash flow for the full year 2024.Improved Gross Profit Margin
Achieved solid year-on-year improvements in gross profit margin and adjusted gross profit margin with proprietary brands increasing as a percentage of net sales.
Strategic Brand Investments
Strong performances from select proprietary consumable brands such as Aurora Peat and Active Aqua. Continued strategic investment in key brands.
Revenue Diversification
Increased non-cannabis and non-U.S./Canada revenue sources by several hundred basis points compared to Q3 last year.
Cost Efficiency Initiatives
Reduced manufacturing footprint by nearly 60% and total manufacturing and distribution space by almost 45% since 2023, maintaining customer service quality.
Consistent Profit Margins
Realized 6 consecutive quarters of adjusted gross profit margins at or above 23% and 9 consecutive quarters of adjusted SG&A savings.
Positive Adjusted EBITDA
Achieved an increase in adjusted EBITDA for the 9 months year-to-date, with adjusted EBITDA more than doubling compared to 2023.
---
HYFM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
HYFM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.59 | $0.58 | -1.69% |
| Aug 08, 2024 | $0.53 | $0.54 | +1.89% |
| May 14, 2024 | $0.92 | $0.94 | +2.17% |
| Feb 29, 2024 | $0.86 | $0.90 | +4.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Hydrofarm Holdings Group (HYFM) report earnings?
Hydrofarm Holdings Group (HYFM) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Hydrofarm Holdings Group (HYFM) earnings time?
Hydrofarm Holdings Group (HYFM) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HYFM EPS forecast?
HYFM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.24.
---