Hydroponics equipment maker Hydrofarm misses Q3 sales estimates on lower production
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Hydrofarm reported a 33.3% year-over-year decline in Q3 net sales, falling short of analyst expectations. The company's gross profit margin decreased due to lower sales and production volumes. Bill Toler will resume the CEO role on December 1, 2025. Hydrofarm anticipates a 2025 Adjusted Gross Profit Margin of around 20% and positive free cash flow for the last nine months of 2025. The sales drop is attributed to industry oversupply, with a 32.2% decline in volume/mix. The median 12-month price target for Hydrofarm is $7.50, significantly above its recent closing price of $2.15.
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