Hydrofarm Holdings Group reported its 12th consecutive quarter of reduced SG&A expenses, achieving positive free cash flow despite a challenging industry environment that impacted top-line performance.

• Adjusted SG&A expenses decreased nearly 16% year-over-year, supporting a modest improvement in adjusted EBITDA.
• Initiated a restructuring plan aimed at enhancing profitability through a focus on higher-margin brands and optimizing the distribution network.
• Positive performance noted in proprietary consumables, while the durable goods segment faced significant industry headwinds.
• International sales improved, particularly in select European and Asian markets, contributing to revenue diversification.
• Ongoing cost-saving measures are projected to yield over $3 million in annual savings, with early benefits expected in the second half of 2025.