Hydrofarm(HYFM) - 2023 Q4 - Annual Results

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 ...