Scotts Miracle-Gro

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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Scotts Miracle-Gro exceeds Q1 sales goal, eyes cannabis growth

Scotts Miracle-Gro (SMG) reported strong Q1 performance, exceeding sales goals and achieving profitability milestones.
Despite challenges in the Hawthorne segment, the company remains optimistic about growth opportunities in the cannabis sector.
Commitment to disciplined growth strategies, pricing strength, and leveraging free cash flow for debt repayment and potential reinvestment.
Focus on consumer engagement, market recovery, and maintaining liquidity to drive future success.

Scotts Miracle-Gro reports strong Q2 performance amidst industry challenges

Scotts Miracle-Gro (SMG) reported strong Q2 performance in the US Consumer business, with cost reductions and efficiency gains contributing to improved free cash flow.
While facing challenges in the Hawthorne segment, the company remains focused on reaching breakeven and aligning with the cannabis market's realities for improved performance.
Opportunities lie in positive industry developments, potential pricing adjustments, strategic partnerships in the cannabis market, and value creation initiatives.
Despite margin hindrances, Scotts Miracle-Gro (SMG) is optimistic about the season's progress and committed to growth strategies and profitability through innovation and partnerships.

Scotts Miracle-Gro faces challenges but eyes growth opportunities in 2024

Scotts Miracle-Gro faced challenges in meeting its targets but saw growth in consumer retail sales, with a focus on debt reduction and maintaining dividend payments.
The company is on track with its debt reduction plan, aiming for $1 billion over 2 years, and is exploring opportunities for margin accretion and partnerships for future growth.
Despite short-term financial challenges, Scotts Miracle-Gro is implementing cost-saving measures, focusing on broadening retailer relationships, and anticipating a return to $600 million EBITDA next year.
The Hawthorne business is stabilizing, aiming for profitability, exploring partnerships, and considering strategic actions to address industry challenges, while maintaining a commitment to debt reduction.

Scotts Miracle-Gro reports fiscal '23 improvements, eyes growth in '24

Scotts Miracle-Gro's fiscal '23 performance showcased financial discipline and operational improvements despite sales challenges, setting the stage for growth in fiscal '24.
The company's focus on core consumer, marketing, innovation, and strategic solutions positions it well to capitalize on opportunities for revenue growth and margin enhancement.
While facing challenges such as sales declines and margin pressures, Scotts Miracle-Gro's strategic outlook for fiscal '24 emphasizes growth, profitability, and operational efficiency.
By addressing concerns, leveraging data analytics, and enhancing marketing efforts, Scotts Miracle-Gro aims to drive performance and shareholder value in the upcoming year.

Scotts Miracle-Gro reports strong Q1 results, focuses on profitability

Scotts Miracle-Gro's Q1 performance reflects positive growth and margin improvement strategies.
The company is focused on profitability, leveraging strengths in North America and retail partnerships.
Challenges include managing leverage, transitioning Hawthorne to profitability, and SG&A adjustments.
Opportunities lie in volume growth, partnerships, and sustainable reinvestment for future growth.

Scotts Miracle-Gro surpasses financial targets and navigates industry challenges

Scotts Miracle-Gro delivered strong financial performance, exceeding targets and showcasing growth in consumer business. The focus on proprietary brands, partnerships, and cost optimization reflects a commitment to long-term success.
Challenges include pending deals, achieving profitability in Hawthorne, and navigating the evolving cannabis industry landscape. Opportunities in advertising, strategic partnerships, and cost optimization pave the way for future growth.
Overall, Scotts Miracle-Gro's Q2 earnings call highlighted solid performance, strategic initiatives, and a positive outlook for future sales growth. Management's focus on financial metrics, consumer engagement, and profitability sets a strong foundation for continued success.

Scotts Miracle-Gro reports strong Q3 performance and strategic growth focus

Scotts Miracle-Gro delivered a robust performance in Q3 2024, showcasing growth in net sales, profitability, and market share across its key divisions, driven by strategic initiatives and operational efficiencies.
While facing challenges related to increased SG&A expenses and market dynamics, the company's focus on debt reduction, margin improvement, and financial discipline positions it well for long-term success and sustainable growth.
With opportunities to capitalize on its strong market position, drive innovation, and optimize pricing strategies, Scotts Miracle-Gro is poised to navigate challenges and leverage growth prospects for enhanced shareholder value.

Scotts Miracle-Gro reports strong fiscal '24 performance and outlines growth plans for '25

Scotts Miracle-Gro's fiscal '24 showcased resilience and strategic progress, with a focus on cost-cutting, growth, and operational efficiency. The company is poised for sustained growth through brand investments and market strategies.

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Scotts Miracle-Gro Co. SMG announced its financial results for fiscal first quarter with company-wide sales in the quarter decreased 24% to $566.0 million, down 24% from $748.6 million a year ago. The company also announced plans to restructure its hydroponic subsidiary Hawthorne after sales dropped following quarters of huge growth.

Scotts Miracle-Gro Studies Growth Opportunities And Potential Spin-Off For Hawthorne

The Scotts Miracle-Gro Company (SMG) CEO Jim Hagedorn on Q1 2022 Results - Earnings Call Transcript

Scotts Miracle-Gro swung to a loss and eliminated 200 jobs at its Hawthorne cannabis grow unit, but it beat Wall Street's sales target and said it will raise prices to boost its business/

Cannabis Watch: Scotts Miracle-Gro swings to a loss and studies Hawthorne cannabis spinoff

We were expecting some strength in the Scotts-Miracle Gro (NYSE: SMG) earnings report and we got some albeit a lot weaker strength than what we were looking for. Based on the market's reaction, it too was looking for more in the results but there is something to take note of.

Scotts-Miracle Gro Looks Buyable After Q1 Earnings

Scotts Miracle-Gro Company SMG announced financial results for its fiscal first quarter highlighted by a profitable quarter in the U.S. Consumer segment for only the second time in company history. Company-wide sales in the quarter decreased 24% to $566.0 million, consistent with a pre-announcement of expected results issued on January 4.

ScottsMiracle-Gro: First Quarter Results, Increases Full-Year Sales Outlook for U.S. Consumer Segment

Scotts Miracle-Gro Co. SMG, +3.18% reported a fiscal first-quarter net loss of $50 million, or 90 cents per share, after net income of $24.4 million, or 43 cents per share, last year. Adjusted loss of 88 cents was below the FactSet consensus for a loss of 73 cents per share.

Scotts Miracle-Gro to raise prices after swinging to a loss

Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units

ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment

MARYSVILLE, Ohio, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced that it has extended its registered exchange offer to exchange any and all of its $500,000,000 aggregate principal amount of 4.000% Senior Notes due 2031, which were issued in a private placement on March 17, 2021, for an equal principal amount of its 4.000% Senior Notes due 2031, which have been registered under the Securities Act of 1933, as amended.

The Scotts Miracle-Gro Company Announces Extension of Exchange Offer for 4.000% Senior Notes due 2031

The Scotts Miracle-Gro (SMG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why The Scotts Miracle-Gro (SMG) Might Surprise This Earnings Season

Scotts (SMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Scotts Miracle-Gro (SMG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Scotts Miracle-Gro (NYSE:SMG) revealed Friday the expiration and results of its previously announced registered exchange offer for 4.375% senior notes due 2032. The $400 million aggregate principal amount of 4.375% senior notes was issued in a private placement in August 2021.

Scotts Miracle-Gro Confirms Expiration And Results Of Exchange Offer For 4.375% Senior Notes

MARYSVILLE, Ohio, Jan. 21, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced the expiration and results of its previously announced registered exchange offer to exchange any and all of its $400,000,000 aggregate principal amount of 4.375% Senior Notes due 2032, which were issued in a private placement on August 13, 2021 (the “Original Notes”), for an equal principal amount of its 4.375% Senior Notes due 2032, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”).

The Scotts Miracle-Gro Company Announces Expiration and Results of Exchange Offer for 4.375% Senior Notes due 2032

MARYSVILLE, Ohio, Jan. 18, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE SMG), one of the world's largest marketers of branded consumer lawn and garden products, will release its first quarter financial results on Tuesday, February 1, 2022, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.

ScottsMiracle-Gro Announces Timing of First Quarter 2022 Financial Results and Conference Call

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Annual grant program helps to increase children's access to fresh food, outdoor play and garden education Annual grant program helps to increase children's access to fresh food, outdoor play and garden education

The Scotts Miracle-Gro Foundation Welcomes Applications for 2022 Grassroots Grant with KidsGardening to Connect Children to Benefits of Gardening and Greenspaces

ScottsMiracle-Gro's (SMG) Luxx Lighting buyout considerably strengthens The Hawthorne Gardening Company's industry-leading lighting portfolio.

ScottsMiracle-Gro (SMG) Buys Luxx Lighting & True Liberty Bags

Scotts Miracle-Gro Co. said Tuesday that it is maintaining its full-year adjusted earnings outlook, though the company expects a 40% decline in Hawthorne sales during the fiscal first quarter due to a slowdown in the cannabis market and supply chain issues. The fiscal first quarter ended January 1.

Scotts Miracle-Gro says cannabis slowdown and supply chain problems impacted sales

Scotts Miracle-Gro (NYSE:SMG) reported Tuesday that it has acquired Luxx Lighting, a provider of high-performance cultivation lighting, for $215 million. The Ohio-based company also announced that it is purchasing True Liberty Bags, the industry's leading provider of liners and storage solutions to dry and cure plant products, for $10 million.

Scotts Miracle-Gro Continues Acquisition Spree With Two Deals Worth $225M, Lowers Sales Outlook For Hawthorne

Company reaffirms full-year guidance for adjusted EPS; lowers sales outlook for Hawthorne Company reaffirms full-year guidance for adjusted EPS; lowers sales outlook for Hawthorne

ScottsMiracle-Gro Expands Hawthorne Gardening Portfolio with Acquisitions of Luxx Lighting and True Liberty Bags

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ScottsMiracle-Gro's (SMG) exchange offer is made to fulfill the company's obligations per a registration rights agreement.

ScottsMiracle-Gro (SMG) Puts Out Senior Notes Exchange Offer

Scotts Miracle-Gro (SMG) subsidiary's issue of patents is a testament to the revolutionary design and performance of the Gavita CT 1930e.

Scotts Miracle-Gro (SMG) Patents its Gavita CT 1930e LED Light

MARYSVILLE, Ohio, Dec. 22, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced that it has commenced a registered exchange offer to exchange any and all of its $400,000,000 aggregate principal amount of 4.375% Senior Notes due 2032 which were issued in a private placement on August 13, 2021 (the “Original Notes”) for an equal principal amount of its 4.375% Senior Notes due 2032 which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”).

News for Scotts Miracle-Gro Stock (SMG)