Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

NYSE:SMG - Post Discussion

Scotts Miracle-Gro Co > ScottsMiracle-Gro Reports Second Quarter Results

View:

Post by Betteryear2 on May 01, 2024 8:50am

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)