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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Nordson

2 Upcoming Dividend Increases Including 1 Dividend King

ScottsMiracle-Gro (SMG) will substantially acquire all the assets of Rhizoflora for $33.5 million, which will add roughly $8 million to annualized sales.

ScottsMiracle-Gro (SMG) Buys Rhizoflora Assets, Boosts Portfolio

Scotts Miracle-Gro (NYSE: SMG) announced Monday that it has acquired Rhizoflora's leading nutrients business including its Terpinator and Purpinator brands, further bolstering the Hawthorne Gardening Company's product portfolio. Separately, the company announced that its subsidiary, The Hawthorne Collective, has purchased a warrant to buy equity in Dewey Scientific for $3.2 million, which will help advance Dewey's industry-leading cannabis genomics and cultivation.

Scotts Miracle-Gro To Acquire Rhizoflora's Cannabis Nutrients Business For $33.5M

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MARYSVILLE, Ohio, Aug. 16, 2021 (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 it has acquired Rhizoflora's leading nutrients business including its Terpinator and Purpinator brands, further bolstering The Hawthorne Gardening Company product portfolio.

ScottsMiracle-Gro Acquires Rhizoflora Assets to Further Bolster Hawthorne Gardening Portfolio; Announces Investment by The Hawthorne Collective

Cannabis-focused venture capital firm RIV Capital Inc. (TSX:RIV) (OTC:CNPOF), formerly known as Canopy Rivers Inc., reported Monday that it has ended the first quarter of fiscal 2022 with CA$212.5 million ($169.7 million) of cash on hand. This follows a $150 million strategic investment from Scotts Miracle-Gro's (NYSE:SMG) newly created cannabis-focused subsidiary, The Hawthorne Collective.

RIV Capital Ends Q1 2022 With $212.5M On Hand After Announcing $150M Strategic Investment From Scotts Miracle-Gro's Cannabis-Focused Subsidiary

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MARYSVILLE, Ohio, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) announced today the pricing of its offering of $400,000,000 aggregate principal amount of 4.375% senior notes due 2032 (the “Senior Notes”). The offering of the Senior Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The sale of the Senior Notes is subject to customary closing conditions and is expected to close on August 13, 2021.

The Scotts Miracle-Gro Company Announces Pricing of $400,000,000 Aggregate Principal Amount of Senior Notes due 2032

Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cannabis.

ScottsMiracle-Gro announces cannabis investment entity, and a $150m investment in RIV Capital

MARYSVILLE, Ohio, Aug. 10, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) announced today that it plans to offer, subject to market and other conditions, $400,000,000 million aggregate principal amount of senior notes due 2032 (the “Senior Notes”) in an unregistered offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The offering of the Senior Notes has not been registered under the Securities Act or any state securities laws, and the Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

The Scotts Miracle-Gro Company Announces Proposed Offering of Senior Notes

The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital

ScottsMiracle-Gro Announces Creation of New Investment Entity to Enable Investments in the Cannabis Industry

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Scotts Miracle-Gro's (SMG) Q3 results benefit from record sales in the Hawthorne segment with growth in all categories.

Scotts Miracle-Gro (SMG) Beats Q3 Earnings and Sales Estimates

The Scotts Miracle-Gro's (SMG) CEO Jim Hagedorn on Q3 2021 Results - Earnings Call Transcript

Shares of Scotts Miracle-Gro Co. sank toward a nine-month low Wednesday, as the garden and lawn care company beat earnings expectations for the fiscal third quarter but didn't raise its full-year outlook, as inflationary pressures were expected to eat further into profits.

Key Words: Inflation is ‘bad for America,' says Scotts Miracle-Gro CEO

Scotts (SMG) delivered earnings and revenue surprises of 13.71% and 6.49%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Q3 Earnings and Revenues Top Estimates

Scotts Miracle-Gro Co. shares rose 1.2% in Wednesday premarket trading after the lawn and garden care company reported fiscal third-quarter earnings that beat expectations and announced an acquisition. Net income totaled $225.9 million, or $3.94 per share, up from $202.8 million, or $3.55 per share, last year.

Scotts Miracle-Gro beats the Street, announces $65 million acquisition

Shares of Scotts Miracle Gro (NYSE:SMG) moved higher by 1.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 4.74% over the past year to $3.98, which beat the estimate of $3.39.

Scotts Miracle Gro: Q3 Earnings Insights

Company announces acquisition to bolster the Hawthorne portfolio Company announces acquisition to bolster the Hawthorne portfolio

ScottsMiracle-Gro Announces Record Third Quarter Financial Results; Reaffirms Sales and Earnings Guidance for Fiscal 2021

MARYSVILLE, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world's leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, announced that Gerald (Jerry) Volas has been named to its Board of Directors.

ScottsMiracle-Gro Announces the Appointment of Former TopBuild Corp CEO Gerald Volas to its Board of Directors

News for Scotts Miracle-Gro Stock (SMG)