Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc. engages in the manufacture and distribution of controlled environment agriculture equipment and supplies. It offers lighting, atmospheric control, hydroponics, nutrients and additives, growing media, plant care and pest and disease control, seed starting and cloning, garden accessories, and food storage products. The firm operates through the U.S. and Canada geographical segments. The company was founded in 1977 and is headquartered in Shoemakersville, PA.

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Hydrofarm reports Q1 growth, eyes diversification amid industry opportunities

Hydrofarm's Q1 2024 performance reflects improved profitability, revenue diversification, and cost management, underpinning a balanced financial outlook.
Despite challenges such as net debt and declining net sales, the company's strengths in innovation, financial stability, and market opportunities position it for growth.
Addressing analyst inquiries and leveraging opportunities in new markets and industry developments will be crucial for Hydrofarm's sustained success and competitive positioning.
Overall, Hydrofarm's strategic initiatives, financial performance, and market positioning indicate a resilient stance in a dynamic industry landscape.

Hydrofarm reports Q3 performance, CEO succession, and strategic focus

Hydrofarm Holdings Group's Q3 2024 performance showcased operational resilience, strategic focus on profitability, and prudent financial management.
While facing challenges such as a decline in net sales and uncertainties, the company's strengths in brand growth, cost savings, and leadership succession provide a solid foundation.
Opportunities in revenue expansion, potential M&A activities, and operational enhancements offer avenues for future growth and value creation.
Navigating challenges, leveraging strengths, and capitalizing on opportunities will be crucial for Hydrofarm to drive sustainable growth and maintain its competitive edge.

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Hydroponics equipment manufacturer Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced Monday it will buy a producer of quality nutrients, House & Garden, for around $125 million. The news comes on the heels of Hydrofarms' recent purchase of another nutrient producer – HEAVY 16, with both purchases being part of the company's acquisition strategy.

Hydrofarm To Acquire House & Garden For $125M As Part Of Its Expanding Acquisition Strategy

Manufacturer and Supplier of Hydroponic Nutrients and Equipment to Expand Hydrofarm's Product Line and Market Position as Company Accelerates Strategic Acquisition Strategy Manufacturer and Supplier of Hydroponic Nutrients and Equipment to Expand Hydrofarm's Product Line and Market Position as Company Accelerates Strategic Acquisition Strategy

Hydrofarm Enters into Agreement to Acquire House & Garden

Hydrofarm Holdings Group Inc (NASDAQ: HYFM) CEO Bill Toler touted the benefits of indoor cannabis farming, on CNBC. The company is a leading distributor and manufacturer of controlled environment agriculture equipment and supplies.

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Hydrofarm is a manufacturer and distributor of hydroponics products and the stock has jumped almost 3x since its IPO last December.

Hydrofarm: Richly Valued Despite Low Margins

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Hydrofarm Holdings Group's (HYFM) CEO Bill Toler on Q1 2021 Results - Earnings Call Transcript

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FAIRLESS HILLS, Pa., May 04, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading distributor and manufacturer of hydroponics equipment and supplies, today announced that it has completed its previously announced acquisition of Field 16, LLC, the manufacturer and distributor of HEAVY 16, a line of premium plant nutrients (collectively “HEAVY 16”). The transaction enhances Hydrofarm's already robust portfolio of high-performance, innovative and proprietary branded products in the lighting, climate control, nutrients and growing media categories.

Hydrofarm Completes Acquisition of Premium Nutrient Maker HEAVY 16

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FAIRLESS HILLS, Pa., May 03, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced the closing of the Company's previously announced underwritten upsized public offering of 5,526,861 shares of its common stock at a public offering price of $59.00 per share, including 720,894 shares issued pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock. The net proceeds to the Company from this offering, after deducting the underwriting discounts and commissions and offering expenses payable by the Company, were approximately $309.8 million.

Hydrofarm Holdings Group Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

After the stock dropped sharply a couple of days ago, investors seem to be reevaluating their take on Hydrofarm.

Why Hydrofarm Holdings Stock Jumped 11% Today

FAIRLESS HILLS, Pa., April 28, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced the pricing of an underwritten upsized public offering of 4,805,967 shares of its common stock at a public offering price of $59.00 per share. The net proceeds to the Company from this offering, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $269.3 million. All shares of common stock are being offered by Hydrofarm. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 720,894 of its common stock at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on May 3, 2021, subject to the satisfaction of customary closing conditions.

Hydrofarm Holdings Group Announces Pricing of Upsized Public Offering of Common Stock

The company made two announcements, and both have a tendency to leave investors in a selling mood.

Why Hydrofarm Stock Fell as Much as 15% Today

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FAIRLESS HILLS, Pa., April 26, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced that it will commence an underwritten public offering of 4.0 million shares of its common stock. All shares of common stock are being offered by Hydrofarm. In connection with the offering, Hydrofarm intends to grant the underwriters a 30-day option to purchase up to approximately 600,000 additional shares of its common stock.   The proposed offering is subject to market and other conditions, and there can be no assurances as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

Hydrofarm Holdings Group Announces Launch of Proposed Public Offering of Common Stock

Hydroponics Market Leader to Acquire High-Growth Nutrient Manufacturer to Expand Proprietary Brand Portfolio Hydroponics Market Leader to Acquire High-Growth Nutrient Manufacturer to Expand Proprietary Brand Portfolio

Hydrofarm Enters Into Agreement to Acquire Premium Nutrient Maker HEAVY 16, Announces Preliminary Financial Results for First Quarter 2021

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Hydrofarm (HYFM) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

Why Hydrofarm (HYFM) Stock Might be a Great Pick

Company Provides Full Year 2021 Outlook Company Provides Full Year 2021 Outlook

Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2020 Results

PETALUMA, Calif.--(BUSINESS WIRE)-- #agriculture--Hydrofarm released new controlled environment agriculture (CEA) products in the lighting, climate control, nutrients and growing media categories.

Hydrofarm Highlights New Products for Sustainable Indoor Farming

PETALUMA, Calif., March 11, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced that it will host a conference call to review fourth quarter and full year 2020 results on Tuesday, March 30, 2021 at 5:00 PM ET. A press release containing fourth quarter and full year 2020 results will be issued after market close that same day.

Hydrofarm Holdings Group to Announce Fourth Quarter and Full Year 2020 Results on Tuesday, March 30, 2021

Hydrofarm is a leading hydroponics distributor and manufacturer that completed its IPO at $20/share in December 2020. The company is a leading consolidator in the fragmented hydroponics space and is one of the few pure-play public stocks.

Hydrofarm: Hydroponics Pure-Play Riding High On Cannabis

PETALUMA, Calif.--(BUSINESS WIRE)-- #LEDlighting--Hydrofarm unveils Phantom PHOTOBIO•TX and PHOTOBIO•T slim, high efficiency LED top lights that act as a natural light supplement for greenhouses.

Hydrofarm's Phantom PHOTOBIO™•TX and PHOTOBIO™•T Greenhouse and Indoor Grow Lights Power Green for Sustainable Farming

PETALUMA, Calif., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading independent branded hydroponics company with a comprehensive distribution platform, today announced that its executive team will participate in a virtual fireside chat at the 23rd Annual ICR Conference on Wednesday, January 13th, 2021. Hydrofarm's discussion will begin at 10:30 AM ET.

Hydrofarm Holdings Group to Participate at the 23rd Annual ICR Conference

PETALUMA, Calif., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading independent branded hydroponics company with a comprehensive distribution platform, today announced the closing of its initial public offering of 9,966,667 shares of common stock, including the full exercise by the underwriters of their option to purchase 1,300,000 additional shares of common stock, at a price to the public of $20.00 per share. The shares are listed for trading on the Nasdaq Global Select Market under the ticker symbol “HYFM.” The net proceeds to Hydrofarm from the offering, after deducting the underwriter discounts and commissions and estimated offering expenses, were approximately $182.5 million.

News for Hydrofarm Holdings Group Stock (HYFM)