"Retailers continued to build healthy inventories, and our increased investments in promotional activity, media and marketing drove consumer takeaway across our leading brands. The operational restructuring within Hawthorne yielded significant benefits as well, enabling it to contribute positively to adjusted EBITDA during the quarter. These initial results reaffirm our confidence in this year's guidance and demonstrate continued progress toward our mid-term growth plan that includes EBITDA approaching $700 ...

U.S. Consumer net sales increased 11 percent driven by strong fall lawn and garden campaign and retailer support for 2025 spring season Consumer POS, which represents less than 10 percent of the full-year, was up 12 percent in dollars and 13 percent in unitsGAAP gross margin rate of 22.7 percent improved 750 bps; Non-GAAP adjusted gross margin rate of 24.0 percent improved 1,030 bpsNon-GAAP Adjusted EBITDA of $4 million reflected $30 million improvementGAAP loss of $1.21 per share and non-GAAP adjusted loss ...

U.S. Consumer net sales increased 11 percent driven by strong fall lawn and garden campaign and retailer support for 2025 spring season Consumer POS, which represents less than 10 percent of the full-year, was up 12 percent in dollars and 13 percent in unitsGAAP gross margin rate of 22.7 percent improved 750 bps; Non-GAAP adjusted gross margin rate of 24.0 percent improved 1,030 bpsNon-GAAP Adjusted EBITDA of $4 million reflected $30 million improvementGAAP loss of $1.21 per share and non-GAAP adjusted loss ...

MARYSVILLE, Ohio, Jan. 16, 2025 (GLOBE NEWSWIRE) -- To connect more children to gardens and outdoor play, The Scotts Miracle-Gro Foundation opened its GroMoreGood Grassroots Grants with national nonprofit KidsGardening. The grant application is open to a variety of organizations, serving at least 15 youth, that are planning to use the funds to install new or improve existing youth gardens or greenspaces. "Gardening offers kids more than just the chance to get their hands dirty—it's an opportunity to connec ...

MARYSVILLE, Ohio, Jan. 16, 2025 (GLOBE NEWSWIRE) -- To connect more children to gardens and outdoor play, The Scotts Miracle-Gro Foundation opened its GroMoreGood Grassroots Grants with national nonprofit KidsGardening. The grant application is open to a variety of organizations, serving at least 15 youth, that are planning to use the funds to install new or improve existing youth gardens or greenspaces. "Gardening offers kids more than just the chance to get their hands dirty—it’s an opportunity to connec ...

MARYSVILLE, Ohio, Jan. 15, 2025 (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, January 29, 2025, 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. T ...

Company Overview - Scotts Miracle-Gro is the leading manufacturer and marketer of branded consumer lawn and garden products in North America, with key brands including Scotts, Miracle-Gro, and Ortho[6]. - The U.S. Consumer segment consists of the consumer lawn and garden business in the United States, while the Hawthorne segment focuses on indoor and hydroponic gardening[7]. - The competitive marketplace includes primary competitors such as Spectrum Brands and Central Garden & Pet Company, along with various regional competitors[20]. Financial Performance - The company reported research and development spending of $34.6 million in fiscal 2024, down from $35.7 million in fiscal 2023 and $45.3 million in fiscal 2022[23]. - Approximately 75% of annual net sales for the North America consumer lawn and garden business occur in the second and third fiscal quarters combined[18]. - The Home Depot and Lowe's are the two largest customers, each representing more than 10% of reported consolidated net sales[19]. - There were no material acquisitions or divestitures during fiscal 2024 or fiscal 2023[12]. Employee and Leadership Development - As of September 30, 2024, the company employed approximately 5,300 associates, with a peak workforce of about 7,100 during fiscal 2024[29]. - The company has implemented a leadership development framework for its people leaders in fiscal 2024, focusing on leader accountabilities and critical skill training[34]. - The company has enhanced its benefits to provide more comprehensive mental health support in response to feedback from the Associate Experience Survey[35]. - The company has established employee resource groups (ERGs) to foster diversity and inclusion within the workplace[33]. Environmental and Corporate Responsibility - The company accrued $2.6 million for environmental matters as of September 30, 2024, with expenses of $0.1 million, $0.4 million, and $0.2 million for fiscal 2024, 2023, and 2022 respectively[27]. - The company published its annual Corporate Responsibility Report in fiscal 2024, aligning with the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board's Chemicals industry standard[39]. - The company has a comprehensive Environmental Health and Safety (EHS) management system to protect team members and manage health and safety risks[36]. Risk Management - The company is exposed to market risks, including fluctuations in interest rates, foreign currency exchange rates, and commodity prices, and uses financial derivatives to manage these risks[237]. - As of September 30, 2024, the company has outstanding interest rate swap agreements with a maximum total notional amount of $450.0 million, down from $600.0 million in 2023[238]. - The average variable interest rate for the company's debt is 7.5% for fiscal 2024, consistent with the previous year[238]. - A 100 basis point change in the variable interest rate would impact interest expense by $5.8 million, assuming average unhedged variable interest rate borrowing levels of $575.0 million during fiscal 2024[238]. - The company's fixed-rate debt totals $1,350.0 million with an average rate of 4.4% as of September 30, 2024[238]. - The total variable rate debt is $625.0 million, with an average rate of 7.5%[238]. - The company is exposed to market risks from fluctuations in foreign currency exchange rates and prices of raw materials such as urea and natural gas[239]. - Miscellaneous debt instruments amount to $0.0 million and finance lease obligations are $17.8 million as of September 30, 2024[238]. - The average rate for interest rate swaps is 3.9%[238]. - The company reported finance lease obligations of $16.9 million in 2023[238]. Regulatory Matters - The company is subject to various regulatory proceedings, none of which are expected to be material to its business[27]. Financial Reporting - The financial statements and supplementary data are included in the Consolidated Financial Statements section of the Form 10-K[241].

The Scotts Miracle-Gro Company (SMG) reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the year-ago quarter. Barring one-time items, the adjusted loss was $2.31 per share, narrower than a loss of $2.77 a year ago. The figure was wider than the Zacks Consensus Estimate of a loss of $1.94.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales rose 10.7% year over year to $4 ...

ScottsMiracleGro 1 Fourth Quarter ended September 30, 2024 Quarterly Earnings Report Supplemental Financial Presentation November 6, 2024 Please view this presentation in conjunction with our Q4 2024 earnings release, which is furnished on Form 8-K, our related pre-recorded remarks and additional information regarding our non-GAAP financial measures, including GAAP to non-GAAP reconciliations, available on our website at https://investor.scotts.com. Safe Harbor Disclosure Statements contained in this presen ...

Start Time: 09:00 January 1, 0000 10:32 AM ET The Scotts Miracle-Gro Company (NYSE:SMG) Q4 2024 Earnings Call November 06, 2024, 09:00 AM ET Company Participants Jim Hagedorn - Chairman, President and CEO Matt Garth - EVP, CFO and CAO Nate Baxter - EVP and COO Chris Hagedorn - EVP and Division President, Hawthorne Gardening Company Aimee DeLuca - SVP, IR Conference Call Participants Jon Andersen - William Blair Joe Altobello - Raymond James William Carter - Stifel Peter Grom - UBS Chris Carey - Wells Fargo ...