For the quarter ended March 2024, Scotts Miracle-Gro (SMG) reported revenue of $1.53 billion, down 0.4% over the same period last year. EPS came in at $3.69, compared to $3.78 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.5 billion, representing a surprise of +1.81%. The company delivered an EPS surprise of +10.15%, with the consensus EPS estimate being $3.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Scotts Miracle-Gro (SMG) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.15%. A quarter ago, it was expected that this lawn and garden products company would post a loss of $1.62 per share when it actually produced a loss of $1.45, delivering a surprise of 10.49%.Over the last four ...

1 Quarterly Earnings Report May 1, 2024 Safe Harbor Disclosure Additional detailed information concerning a number of the important factors that could cause actual results to differ materially from the forward-looking information contained in this presentation is readily available in the Company's publicly filed annual, quarterly and other reports. The Company disclaims any obligation to update developments of these factors or to announce publicly any revision to any of the forward-looking statements contai ...

Exhibit 99.1 The Scotts Miracle-Gro Company NEWS ScottsMiracle-Gro Reports Second Quarter Results MARYSVILLE, Ohio, May 1, 2024 – 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. Interest expense during the quarter declined 9 percent compared to the same quarter last year driven by the Company's utilization of its ...

MARYSVILLE, Ohio, April 22, 2024 (GLOBE NEWSWIRE) -- The Central Ohio Beekeepers Association (COBA) has partnered with ScottsMiracle-Gro brand Ortho®, to establish an apiary, also known as a bee yard, at the Company's corporate headquarters in Marysville, Ohio. COBA is dedicated to promoting bees and beekeeping in Central Ohio by providing educational opportunities for new beekeepers and continuing education for advanced beekeepers. In 2016, Ortho® announced its decision to remove neonics from its outdoor p ...

MARYSVILLE, Ohio, April 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, will release its second quarter financial results on Wednesday, May 1, 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. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To w ...

MARYSVILLE, Ohio, April 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, will release its second quarter financial results on Wednesday, May 1, 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. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To ...

Investors might want to bet on Scotts Miracle-Gro (SMG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...

The Scotts Miracle-Gro Company (SMG) recently stated that it aims to attain a second-quarter net leverage ratio of about 7 times adjusted EBITDA. This will be less than the company's fiscal first-quarter net leverage ratio and its second-quarter maximum of 7.75 times.As debt reduction and covenant compliance are manageable, net leverage will not only be substantially below the second-quarter maximum and better than the first quarter, but it will also become a less critical metric moving ahead, SMG noted.In ...

Move enables Hawthorne to bolster focus on innovation and investment in its proprietary Signature brands BFG's national distribution network and high-quality customer support model bring a new level of service for customers MARYSVILLE, Ohio, March 20, 2024 (GLOBE NEWSWIRE) -- The Hawthorne Gardening Company, a wholly-owned subsidiary of The Scotts Miracle-Gro Company, and BFG Supply, a leading national horticultural and agricultural product distributor, today announced the formation of a strategic partners ...