Hydrofarm sees FY25 reduced y/y adjusted SG&A expense

The Company is reaffirming the following expectations for fiscal year 2025: Reduced year-over-year Adjusted SG&A expense, consistent with previous expectations, resulting from a full year benefit of reductions completed in 2024 as well as incremental expense savings expected in the second half of 2025 related to the new restructuring and cost savings initiatives, including compensation savings, and further reductions in professional and outside service fees, facilities and insurance expense. Reduction in inventory and positive free cash flow for the final nine months of 2025, consistent with previous expectations. High tariffs on imported products from China or other countries, or new tariffs from other countries, could impact the cost of certain products and may negatively impact the Company’s financial performance. Capital expenditures of less than $2 million for full year 2025, consistent with previous expectations.