Brief: Hydrofarm Announces Preliminary Second Quarter 2022 Financial Results And Updates Fiscal 2022 Outlook

Hydrofarm Holdings

02/08/2022 22:54

Aug 2 (Reuters) - Hydrofarm Holdings Group Inc  HYFM.O :
    * HYDROFARM ANNOUNCES PRELIMINARY SECOND QUARTER 2022
FINANCIAL
RESULTS AND UPDATES FISCAL 2022 OUTLOOK
    * Q2 NET SALES ESTIMATED BETWEEN $96.0 MILLION TO $97.5
MILLION,
AS COMPARED TO $133.8 MILLION FOR THREE MONTHS ENDED JUNE 30,
2021
    * PRELIMINARY RESULTS FOR Q2 INCLUDE AN ESTIMATED IMPAIRMENT
OF
GOODWILL OF APPROXIMATELY $189.6 MILLION
    * SEES FY NET SALES OF APPROXIMATELY $330.0 MILLION TO
$347.0
MILLION
    * Q2 REVENUE VIEW $126.5 MILLION -- REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $481.8 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX22D7HW 
Further company coverage:  HYFM.O 

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