Hydrofarm Holdings Group, Inc Reaffirms Earnings Guidance for the Full Fiscal Year 2021
January 07, 2022 at 01:00 pm
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Hydrofarm Holdings Group, Inc. reaffirms earnings guidance for the full fiscal year 2021. For the year, the company expects net sales of approximately $470.0 million to $490.0 million, representing growth of 37% to 43% compared to fiscal 2020. Full-year organic growth of approximately 18% to 23% and M&A growth of approximately 19% to 20%.
Hydrofarm Holdings Group, Inc. is an independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture (CEA). The products offered by the Company include agricultural lighting devices, indoor climate control equipment, nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment settings that allow end users to control farming variables including temperature, humidity, carbon dioxide, light intensity and color, nutrient concentration, and the potential of hydrogen (pH). Its CEA product categories include lighting solutions, growing media (premium soils and soil alternatives), nutrients, equipment, and supplies. The Company's brands include Active Air, Active Aqua, Aurora Peat Products, HEAVY 16, House & Garden, Gaia Green, Grotek, Innovative Growers Equipment, Mad Farmer, Phantom, PHOTOBIO, Procision, Roots Organics, Soul, and SunBlaster.
HYDROFARM HOLDINGS GROUP, INC. 
