Core Insights - The Scotts Miracle-Gro Company announced changes to its Board of Directors, with retired Lt. General John R. Vines retiring and former General Scott Miller appointed to the open seat [1][2][3] Board Changes - John R. Vines retired after over 12 years on the Board, maintaining an advisory role as Board member emeritus [2] - Scott Miller, a retired U.S. Army General with extensive military leadership experience, has been appointed to the Board [3][4] Leadership and Experience - Miller has commanded at all military levels and has a distinguished record, including leadership in complex geopolitical regions and significant combat experience [3][4] - The Board aims to enhance its skills and perspectives, with Miller being the sixth new member since 2022 [4] Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer lawn and garden products, with approximately $3.6 billion in sales [5]

MARYSVILLE, Ohio, July 30, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced its results for the third quarter ended June 28, 2025. "We delivered significant improvements in the financial metrics that are central to our fiscal '25 plans, further putting us on the path to achieving our full-year guidance," said Jim Hagedorn, chairman and c ...

Core Viewpoint - Scotts Miracle-Gro Company will release its third quarter financial results on July 30, 2025, and will host a video presentation followed by a Q&A session [1][2]. Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer lawn and garden products, with approximately $3.6 billion in sales [3]. - The company's leading brands include Scotts®, Miracle-Gro®, and Ortho®, which are recognized market leaders in their respective categories [3]. - The Hawthorne Gardening Company, a wholly-owned subsidiary, specializes in nutrients, lighting, and materials for indoor and hydroponic growing [3].

Core Viewpoint - The Scotts Miracle-Gro Company reaffirms its fiscal year 2025 guidance, indicating confidence in its performance during the peak lawn and garden season and projecting significant growth in earnings and reduced interest expenses [1][4][5]. Financial Performance - The company reported year-to-date increases in point-of-sale (POS) units and dollars, consistent with trends from the first half of the fiscal year [2]. - Interest expense is projected to be approximately $30 million lower than the previous year, an improvement from earlier estimates of a $15 million to $20 million decrease [3]. - The diluted share count is expected to increase by approximately 1 million, down from a previous estimate of 2 million [3]. - Non-GAAP adjusted earnings per diluted share are projected to be at least $3.50, representing a 53% increase compared to the prior year [3]. Strategic Outlook - The company aims to improve shareholder returns and achieve multi-year objectives, with a focus on delivering adjusted EBITDA and free cash flow targets [4]. - The goal is to exit 2025 with a significantly improved debt position, targeting a leverage ratio below 3.5 by the end of fiscal 2027 [4]. Market Position - Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care, with approximately $3.6 billion in sales [6]. - The company's brands, including Scotts®, Miracle-Gro®, and Ortho®, are market leaders in their respective categories [6].

Core Insights - Scotts Miracle-Gro Company will participate in the William Blair 45th Annual Growth Stock Conference on June 5, 2025, in Chicago [1][2] - The company is a leader in branded consumer lawn and garden products, with approximately $3.6 billion in sales [3] Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care, with well-known brands such as Scotts®, Miracle-Gro®, and Ortho® [3] - The company's subsidiary, The Hawthorne Gardening Company, specializes in indoor and hydroponic growing products [3]

Core Viewpoint - The Scotts Miracle-Gro Company reported a decline in sales for the second quarter of fiscal 2025, but showed improvements in gross margin and net income, reaffirming its financial guidance for the U.S. Consumer segment while withdrawing revenue guidance for the Hawthorne segment due to uncertainties in the cannabis industry [4][9][10]. Financial Performance - Total sales for the second quarter were $1.42 billion, a 7% decrease from $1.53 billion in the prior year [4]. - U.S. Consumer sales decreased by 5% to $1.31 billion, attributed to a slower start to the lawn and garden season and non-repeating sales from fiscal 2024 [4]. - GAAP net income was $217.5 million, or $3.72 per diluted share, compared to $157.5 million, or $2.74 per diluted share, in the same quarter last year, marking a 38% increase [6][17]. - Non-GAAP adjusted net income for the quarter was $232.2 million, or $3.98 per diluted share, up from $211.9 million, or $3.69 per diluted share, a 10% increase [6][17]. Margin and Cost Management - GAAP gross margin rate improved to 38.6%, up from 30.4% in the prior year, while non-GAAP adjusted gross margin rate was 39.1%, compared to 35.3% [5][10]. - The improvement in gross margin was primarily due to lower material, manufacturing, and distribution costs, as well as an improved product mix [5]. Segment Performance - U.S. Consumer segment net sales for the quarter were $1.31 billion, down 5% year-over-year, while the Hawthorne segment saw a significant decline of 51% to $32.7 million [19]. - The Other segment reported a slight decrease of 3% in net sales to $76.8 million [19]. Outlook and Guidance - The company reaffirmed its guidance for U.S. Consumer segment net sales, adjusted gross margin, adjusted EBITDA, and free cash flow [9][10]. - Due to uncertainties in the cannabis industry, the company is no longer providing full-year revenue guidance for the Hawthorne segment [9]. Cash Flow and Debt Management - The company is focused on driving significant free cash flow and debt paydown while making incremental investments in consumer activation programs [8]. - Net leverage improved to 4.41x, down from 6.95x in the prior year [10]. Consumer Trends - Consumer purchases measured through point-of-sale (POS) data showed double-digit increases in consumer takeaway for the second consecutive quarter, indicating strong consumer health [3]. - The company expects 60% of full-year consumer takeaway to occur in the third quarter [10].