HF Foods Group Inc.

HF Foods Group Inc. announced the completion of its acquisition of Searay Foods Inc., Morgan Foods Inc., and certain assets of Searay Foods USA Inc. for an aggregate purchase price of CAD$71.1 million (approximately USD$51.3 million). The acquisition was financed through existing credit facilities. The company also clarified a previous misstatement regarding its revenue compound annual growth rate, stating that the actual revenue CAGR from FY2019 to FY2024 was approximately 6.6%, not 15% as previously reported. The 15% figure actually represents the EBITDA compound annual growth rate for the same period.

HF Foods Group Inc. announced that it will report its financial results for the third quarter ended September 30, 2026, after market close on Monday, November 9, 2026. The company will also host a conference call on the same day at 1:30 p.m. PT to discuss these results. A webcast of the call will be accessible via the Investor Relations section of the company's website.

HF Foods Group Inc. reported strong financial results for the second quarter and first half of 2026, with net income significantly increasing. The company also announced the implementation of a stockholder rights plan and an amendment to its credit facility, extending its maturity to March 2031. Additionally, HF Foods completed the sale of assets held for sale, recognizing a gain of $1.4 million, and increased its ownership in Min Food, Inc.

HF Foods Group Inc. announced its second quarter 2026 financial results, reporting a 2.8% increase in net revenue to $323.8 million and a significant 413.9% rise in GAAP net income to $2.6 million. The company also revealed a major strategic move with an agreement to acquire Searay Foods, marking its first expansion outside the United States. Despite these gains, Adjusted EBITDA saw a 2.0% decrease, and gross profit margin declined, reflecting a challenging operating environment.

HF Foods Group Inc. announced it will report its financial results for the second quarter ended June 30, 2026, on Monday, August 10, 2026, after market close. The company will host a conference call to discuss these results on the same day at 1:30 p.m. PT (4:30 p.m. ET). A webcast of the call will be available on the company's Investor Relations website, and a replay will be archived.

HF Foods Group Inc. announced it will acquire Searay Foods Inc., a Canadian importer and distributor of ethnic and specialty seafood, for approximately CAD$47.9 million (US$35 million). The acquisition, valued at 5.0x Searay's 2025 Adjusted EBITDA, will be funded through a combination of cash and HF Foods common stock. This strategic move represents HF Foods' first international expansion and is expected to be immediately accretive to its margins and EPS, with closing anticipated in Q3 2026.

HF Foods Group Inc. announced a definitive agreement to acquire Searay Foods Inc. and its related entities for approximately US$35 million. This strategic acquisition marks HF Foods' first expansion outside the United States, entering the Canadian market. The transaction is valued at approximately 5.0x Searay's 2025P Adjusted EBITDA and is expected to be immediately accretive to HF Foods' margins and EPS, reinforcing the company's growth strategy and target of expanding consolidated Adjusted EBITDA margin to 4.5%-5.0%+.

HF Foods Group Inc. announced the appointment of Taylor S. Brown, Esq. to its Board of Directors, effective June 19, 2026. This appointment expands the Board from four to five directors, with Mr. Brown serving as an independent director. CEO Felix Lin highlighted Mr. Brown's legal, operational, and communications expertise as valuable for the company's growth and operational priorities. Mr. Brown expressed his commitment to leveraging his experience in governance, risk, acquisitions, and stakeholder strategy to support long-term shareholder value.

HF Foods Group Inc.'s Board of Directors authorized a dividend distribution of one Right for each outstanding share of common stock to stockholders of record as of June 22, 2026. Each Right entitles the holder to purchase one one-thousandth of a share of Series AA Participating Preferred Stock at an exercise price of $9.55. The company adopted the Preferred Stock Rights Agreement on June 12, 2026, to protect stockholders from unsolicited takeover efforts and unreported stockholder group formation activity. This "poison pill" measure aims to deter any person or group from acquiring 15% or more of the common stock without Board approval.

HF Foods Group Inc. announced the adoption of a limited duration stockholder rights plan, effective immediately. The Board approved the plan in response to credible indications of undisclosed stock accumulation and coordinated group formation activities aimed at gaining control. The plan aims to protect stockholder interests by ensuring no entity acquires control without paying a full premium and providing the Board sufficient time for decision-making.