Hydrofarm reports Q3 EPS (33c), consensus (32c)

Reports Q3 revenue $74.16M, consensus $67.21M. Bill Toler, chairman and CEO of Hydrofarm, said, "While our third quarter results were below last year due to the persistent and well acknowledged industry recession, our underlying performance was generally in-line with our internal expectations. Moreover, our strong cash flow from operating activities exceeded our expectations as we generated positive Free Cash Flow(1) for the second quarter in a row. Together, these results demonstrate our ability to navigate the challenging operating environment while the broader industry finds its way through supply/demand imbalances, and as such, we are reaffirming our full year 2022 outlook ranges for net sales and Adjusted EBITDA."