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Scotts Miracle-Gro Co SMG

Chemicals Basic Materials
The Scotts Miracle-Gro Company is a manufacturer and marketer of branded consumer products for lawn and garden care. The Company's segments include United States (U.S.) Consumer, Hawthorne and Other. The U.S. Consumer segment consists of its consumer lawn and garden business in the United States. Its consumer lawn and garden brands include Scotts and Turf Builder lawn fertilizer and Scotts grass seed products; Miracle-Gro soil, plant food and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. The Hawthorne segment manufactures, markets and distributes lighting, nutrients, growing media, growing environments and hardware products for indoor and hydroponic gardening in North America. Its brands include General Hydroponics, Gavita, Botanicare, Agrolux, Gro Pro, Mother Earth, Grower's Edge, HydroLogic Purification System and Cyco. The Other segment primarily consists of its consumer lawn and garden business in Canada.


NYSE:SMG - Post by User

Scotts Miracle-Gro Co
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Post by Betteryear2on May 01, 2024 8:50am
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Post# 36016850

ScottsMiracle-Gro Reports Second Quarter Results

ScottsMiracle-Gro Reports Second Quarter Results
  • Strong first half 2024 execution has Company on pace for full-year targets
  • U.S. Consumer second quarter net sales of $1.38B equal record high
  • Q2 2024 GAAP gross margin of 30.4% and non-GAAP adjusted gross margin of 35.3% reflect 350 and 60 basis point improvements, respectively
  • Strong free cash flow delivers net leverage of 6.95x, well below covenant maximum
  • Q2 2024 GAAP EPS of $2.74; non-GAAP Adjusted EPS of $3.69 are ahead of plan
  • Teams driving consumer engagement in Q3 representing 60 percent of seasonal POS

MARYSVILLE, Ohio, May 01, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, today announced its results for the second quarter ended March 30, 2024.

ScottsMiracle-Gro Reports Second Quarter Results (globenewswire.com)

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