Scotts Miracle-Gro(SMG)
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Scotts Miracle-Gro (SMG) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-02-07 14:21
Scotts Miracle-Gro (SMG) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.62. This compares to loss of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.49%. A quarter ago, it was expected that this lawn and garden products company would post a loss of $2.83 per share when it actually produced a loss of $2.77, delivering a surprise of 2.12%.Over the last four quarters ...
Scotts Miracle-Gro(SMG) - 2024 Q1 - Earnings Call Presentation
2024-02-07 13:59
Restructuring (Non- GAAP) 95.7 20.1% Income tax benefit 31.4% (0.15) Calculation of Adjusted EBITDA: (80.5) S (29.6) 42.7 17.5 7.7 Equity in loss of unconsolidated affiliates Interest income 20.9 Adjusted EBITDA (Non-GAAP) Year Ended September 30, 2019 2016 $ (129.0) $ 226.8 Investments in property, plant and equipment (42.4) (58.3) $ 185.7 19 ● During fiscal 2022, the Company began implementing a series of organizational changes and initiatives intended to create operational and management-level efficienci ...
Scotts Miracle-Gro(SMG) - 2024 Q1 - Quarterly Report
2024-02-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11593 ____________________________________ The S ...
Countdown to Scotts (SMG) Q1 Earnings: Wall Street Forecasts for Key Metrics
Zacks Investment Research· 2024-02-06 15:21
The upcoming report from Scotts Miracle-Gro (SMG) is expected to reveal quarterly loss of $1.51 per share, indicating a decline of 48% compared to the year-ago period. Analysts forecast revenues of $432.42 million, representing a decrease of 17.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a comp ...
The Scotts Miracle-Gro Foundation and Alliance for Water Efficiency Partner to Support Water Usage Research and Education
Newsfilter· 2024-02-05 19:22
MARYSVILLE, Ohio, Feb. 05, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Foundation and the Alliance for Water Efficiency (AWE) have announced an extension of their partnership that will support research to improve the efficiency of lawns and other landscapes. The grant helps to fund environmental programs through December 2025. "We are honored to receive this funding from The Scotts Miracle-Gro Foundation, which continues our long-standing partnership to research how to design, grow, and irrigate lawns ...
ScottsMiracle-Gro Announces Retirement of Nancy Mistretta from Board of Directors
Newsfilter· 2024-01-30 21:00
MARYSVILLE, Ohio, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Nancy Mistretta has retired from its Board of Directors. Mistretta has been a director since 2007 and served on various Board committees, most recently as a member of the Audit Committee and the Compensation and Organization Committee. "Nancy has been a great partner and friend o ...
ScottsMiracle-Gro Announces Timing of First Quarter 2024 Financial Results and Webcast
Newsfilter· 2024-01-29 21:00
MARYSVILLE, Ohio, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its first quarter financial results on Wednesday, February 7, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. EST to discuss those results. The webcast will be followed by an audio question-and-answer session. ...
The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment
Newsfilter· 2024-01-22 21:00
MARYSVILLE, Ohio, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, March 8, 2024, to shareholders of record as of Friday, February 23, 2024. About ScottsMiracle-GroWith approximately $3.6 billion in sales, the Company is the world' ...
Scotts Miracle-Gro(SMG) - 2023 Q4 - Annual Report
2023-11-21 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ Form 10-K _____________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-11593 ________________________________ ...
Scotts Miracle-Gro(SMG) - 2023 Q4 - Earnings Call Transcript
2023-11-01 18:05
The Scotts Miracle-Gro Company (NYSE:SMG) Q4 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Nate Baxter - Chief Operating Officer Bill Chappell - Truist Securities Aimee DeLuca - Senior Vice President of Investor Relations Conference Call Participants Andrew Carter - Stifel, Nicolaus & Company Our fall lands campaign has yielded 3% plus in units with turf builder plus two at 21%, Bonus-S up 56.5%, gardens and controls are up 4% and 5%, respectively. The biggest ortholine, home defense, is up 19%. ...