Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Anna Heller - ICR, IR William Toler - Chairman, Chief Executive Officer John Lindeman - EVP & CFO Conference Call Participants Andrew Carter - Stifel Peter Grom - UBS Group Davis Holcombe - Truist Securities Jesse Redmond - Water Tower Research Harold Weber - Aegis Capital Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Hydrofarm Holdings Grou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-39773 Hydrofarm Holdings Group, Inc. (Exact name of registrant as specified in its charter) Delaware 81-4895761 (State or other jurisdiction of inc ...

Exhibit 99.1 Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results Significant Improvement in Net Loss and Adjusted EBITDA for the Fourth Quarter and Full Year 2023 2024 Outlook Calls for Lower Net Sales, Positive Adjusted EBITDA and Positive Free Cash Flow Shoemakersville, PA — February 29, 2024 — Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled ...

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Anna Kate Heller - Investor Relations Bill Toler - Chairman & Chief Executive Officer John Lindeman - Chief Financial Officer Conference Call Participants Peter Grom - UBS Jesse Redmond - Water Tower Research Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Hydrofarm Holdings Group Third Quarter 2023 Earnings Conference Call. At this time, all p ...

Financial Performance - Total consolidated net sales for the three months ended September 30, 2023, were $54.168 million, a decrease of 27% compared to $74.155 million for the same period in 2022[59]. - For the nine months ended September 30, 2023, total consolidated net sales were $179.397 million, down from $283.040 million in the same period of 2022, representing a decline of 37%[59]. - Net sales for Q3 2023 were $54.2 million, a decrease of $20.0 million, or 27.0% compared to Q3 2022[142]. - Net sales for the nine months ended September 30, 2023, were $179.4 million, a decrease of $103.6 million, or 36.6% compared to the same period in 2022[142]. - The 27.0% decrease in net sales for Q3 2023 was attributed to a 22% decline in volume of products sold and a 5% decrease in price and mix of products sold[143]. - Net loss for the nine months ended September 30, 2023, was $(49.6) million, a significant improvement of $200.5 million compared to $(250.1) million in the same period in 2022[141]. - Loss from operations for Q3 2023 was $(16.2) million, compared to $(20.3) million in Q3 2022, reflecting a 20.1% improvement[141]. Restructuring and Impairment - The company recorded a goodwill impairment charge of $189.572 million as of June 30, 2022, reducing the goodwill balance to zero due to a decline in market value and customer demand[70]. - The company recorded a net restructuring benefit of $0.2 million for Q3 2023, while net pre-tax charges for the nine months ended September 30, 2023, were $2.0 million[134]. - Total costs incurred relating to the first phase of the Restructuring Plan since its commencement were $6.4 million for inventory markdowns and $3.2 million for facility relocations[134]. - Estimated pre-tax charges for the second phase of the Restructuring Plan were $7.8 million, primarily related to non-cash raw material inventory write-downs[135]. - The company anticipates annualized cost savings of approximately $1.5 million from the restructuring efforts[135]. Cash Flow and Liquidity - Net cash from operating activities was $8.6 million for the nine months ended September 30, 2023, driven by a $11.7 million net cash inflow from a reduction in working capital[157]. - Net cash used in investing activities was $4.1 million for the nine months ended September 30, 2023, compared to $7.4 million for the same period in 2022[159]. - Net cash from financing activities was $6.6 million for the nine months ended September 30, 2023, primarily driven by $8.6 million of proceeds from a Sale-Leaseback Transaction[160]. - The company had cash and cash equivalents of $32.5 million as of September 30, 2023, compared to $21.3 million at December 31, 2022[175]. - Approximately $28 million was available to borrow under the Revolving Credit Facility as of September 30, 2023[173]. Assets and Liabilities - The company’s property, plant, and equipment, net, was $104.774 million as of September 30, 2023, compared to $116.400 million as of December 31, 2022[59]. - Total inventories decreased to $80,101 as of September 30, 2023, from $111,398 as of December 31, 2022, reflecting a 28% reduction[78]. - The total lease liabilities as of September 30, 2023, amounted to $68,278, slightly up from $67,302 as of December 31, 2022[82]. - As of September 30, 2023, total debt amounted to $118,464, a decrease from $118,768 as of December 31, 2022, reflecting a reduction of approximately 0.26%[86]. - The outstanding principal balance on the Term Loan was $122,813, a slight decrease from $123,750 as of December 31, 2022[91]. Stock-Based Compensation - The Company granted 1,091,726 Restricted Stock Units (RSUs) during the nine months ended September 30, 2023, with a weighted average grant date fair value of $1.19[113]. - The total unamortized stock-based compensation cost related to unvested RSUs was $3,022, with a weighted-average recognition period of 1.29 years as of September 30, 2023[113]. - The Company recognized $1,073 and $3,501 of total stock-based compensation expense for RSUs for the three and nine months ended September 30, 2023, respectively[113]. - The balance of Performance Stock Units (PSUs) as of September 30, 2023, was 928,070, with a weighted average grant date fair value of $1.77[115]. Taxation - The Company recorded an income tax expense of $89 for the three months ended September 30, 2023, representing an effective tax rate of (0.4)%[118]. - The Company recorded an income tax benefit of $82 for the nine months ended September 30, 2023, representing an effective income tax rate of 0.2%[118]. Compliance and Governance - The Company is in compliance with all covenants related to the Term Loan and Revolving Credit Facility as of September 30, 2023[92][97]. - There were no changes in internal control over financial reporting that materially affected the company's controls during the reporting period[186].

Hydrofarm Holdings Group, Inc (NASDAQ:HYFM) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Anna Kate Heller - Investor Relations Bill Toler - Chairman and Chief Executive Officer John Lindeman - Chief Financial Officer Conference Call Participants Andrew Carter - Stifel Peter Grom - UBS Bill Chappell - Truist Securities Jesse Redmond - Water Tower Research Operator Good day, ladies and gentlemen and thank you for standing by. Welcome to the Hydrofarm Holdings Group Second Qu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 001-39773 Hydrofarm Holdings Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 81-4895761 (I.R.S. Employer Identification Number) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTIO ...

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q1 2023 Results Conference Call May 10, 2023 4:30 PM ET Company Participants Anna Kate Heller - IR, ICR Bill Toler - Chairman and CEO John Lindeman - CFO Conference Call Participants Andrew Carter - Stifel Bill Chappell - Truist Securities Andrea Teixeira - JPMorgan Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Hydrofarm Holdings Group’s First Quarter 2023 Earnings Conference Call. At this time, all participants have been ...

Hydrofarm Holdings Group, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: 001-39773 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q4 2022 Results Conference Call March 9, 2023 4:30 PM ET Company Participants Anna Kate Heller - Investor Relations, ICR Bill Toler - Chairman and Chief Executive Officer John Lindeman - Chief Financial Officer Conference Call Participants Andrew Carter - Stifel Andrea Teixeira - JPMorgan John Anderson - William Blair Chris Carey - Wells Fargo Securities Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Hydrofarm Holdings Grou ...