Hydrofarm Holdings Group Reiterated FY24 Outlook: Net Sales To Decrease Low To Teens In Percentage Terms, Positive Adjusted EBITDA & Free Cash Flow, Capital Expenditures Of $3.5M-$4.5M
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings Group has reiterated its FY24 outlook, expecting net sales to decrease in the low to teens percentage terms. The company anticipates positive adjusted EBITDA and free cash flow, with capital expenditures projected between $3.5 million and $4.5 million.
August 08, 2024 | 11:12 am
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Hydrofarm Holdings Group has reiterated its FY24 outlook, expecting net sales to decrease in the low to teens percentage terms. The company anticipates positive adjusted EBITDA and free cash flow, with capital expenditures projected between $3.5 million and $4.5 million.
The reiteration of the FY24 outlook by Hydrofarm Holdings Group indicates stability in their financial projections. While a decrease in net sales is expected, the positive adjusted EBITDA and free cash flow are favorable signs. The specified capital expenditures suggest controlled spending. Overall, the news is neutral as it confirms existing expectations without introducing significant new information.
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