Hydrofarm 2022 Net Sales Decline 28% To 344.5M, What About Profit?
Hydrofarm 2022 Net Sales Decline 28% To 344.5M, What About Profit?
Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) net sales in 2022 decreased 28% to $344.5 million compared to $479.4 million in 2021.
Hydrofarm 控股集团有限公司 （纳斯达克股票代码：HYFM） n等 销售 在 2022 年 下降 28% 到 344.5 美元 m一百万 相比之下，2021年为4.794亿美元。
Q4 2022 Financial Highlights vs. Prior Year Period:
Q4 2022 金融 与去年同期相比的亮点：
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Net sales decreased 44% to $61.5 million compared to $110.4 million.
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Gross loss was $473,000 compared to gross profit of $18.7 million.
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Net loss was $35.3 million compared to net loss of $11.0 million.
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Adjusted EBITDA was negative $8.4 million compared to $4.9 million in the prior year period;
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与1.104亿美元相比，净销售额下降了44％，至6,150万美元。
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总亏损为47.3万美元，而毛利为1,870万美元。
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净亏损为3530万美元，而净亏损为1,100万美元。
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调整后的息税折旧摊销前利润为负840万美元，而去年同期为490万美元；
Fiscal Year 2022 Highlights vs. Prior Year:
2022 财年与上一年度相比要点：
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Gross profit decreased to $29.3 million compared to $101.5 million.
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Net loss decreased to $285.4 million compared to net income of $13.4 million.
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Adjusted EBITDA was negative $21.2 million compared to $47.1 million;
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As of December 31, 2022, the company had $21.3 million in cash and an aggregate principal amount of debt outstanding of $125.8 million which consisted of approximately $123.8 million in principal balance on its term loan and approximately $2.1 million in finance leases and other debt.
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毛利从1.015亿美元降至2930万美元。
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净亏损降至2.854亿美元，而净收入为1,340万美元。
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调整后的息税折旧摊销前利润为负2,120万美元，而为4,710万美元；
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截至2022年12月31日，该公司拥有2,130万美元的现金，未偿债务本金总额为1.258亿美元，其中包括约1.238亿美元的定期贷款本金余额和约210万美元的融资租赁和其他债务。
Bill Toler, chairman and CEO of Hydrofarm, stated, "While the current operating environment remains challenging, I am encouraged that we finished 2022 with our net sales coming in at the upper end of our previously provided outlook and that we generated positive free cash flow for the third quarter in a row. We have experienced sales stabilization over the last several months and are seeing some positive indicators that the industry is moving closer to a rebound. I am pleased with the many actions behind the restructuring initiative and related actions that our team has launched to right-size our business and become a leaner, more profitable company. We remain confident in the long-term strength of our business, as our disciplined approach to working capital and restructuring actions initiated in 2022 have put us in a healthy position heading into 2023 and beyond."
比尔·托勒，Hydrofarm董事长兼首席执行官表示：“尽管当前的运营环境仍然充满挑战，但我感到鼓舞的是，我们在2022年底净销售额达到了先前提供的前景的上限，并且我们连续第三季度创造了正的自由现金流。在过去的几个月中，我们的销售保持稳定，并看到了一些积极的迹象，表明该行业已接近反弹。我对重组计划和相关行动背后的许多行动感到满意，这些行动旨在调整我们的业务规模，成为一家更精简、更有利可图的公司。我们对业务的长期实力仍然充满信心，因为我们在2022年启动的严谨的营运资金方针和重组行动使我们在2023年及以后处于健康的境地。”
Full Year 2023 Outlook:
2023 年全年展望：
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Net sales of approximately $290 million to $310 million.
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Adjusted EBITDA that is modestly positive.
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Positive free cash flow.
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净销售额约为2.9亿美元至3.1亿美元。
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调整后的息税折旧摊销前利润为正数。
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正自由现金流。
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Photo by Mackenzie Marco on Unsplash
照片由麦肯齐·马可在 Unsplash 上拍摄
译文内容由第三方软件翻译。