Scotts Miracle gro Co  (SMG)
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Price: $67.9600 $0.26 0.384%
Day's High: $69.045 Week Perf: -2.13 %
Day's Low: $ 67.29 30 Day Perf: -1.16 %
Volume (M): 376 52 Wk High: $ 77.95
Volume (M$): $ 25,567 52 Wk Avg: $60.07
Open: $68.43 52 Wk Low: $43.67

 Market Capitalization (Millions $) 3,853
 Shares Outstanding (Millions) 57
 Employees 5,100
 Revenues (TTM) (Millions $) 3,265
 Net Income (TTM) (Millions $) -396
 Cash Flow (TTM) (Millions $) -15
 Capital Exp. (TTM) (Millions $) 101

Scotts Miracle Gro Co

We are a leading manufacturer and marketer of branded consumer lawn and garden products. Our products are marketed under some of the most recognized brand names in the industry. In North America, key brands include Scotts® and Turf Builder® lawn and grass seed products; Miracle-Gro®, Nature’s Care®, Scotts®, LiquaFeed® and Osmocote®1 gardening and landscape products; and Ortho®, Roundup®2, Home Defense® and Tomcat® branded insect control, weed control and rodent control products. In the United Kingdom, key brands include Miracle-Gro® plant fertilizers; Roundup®2, Weedol® and Pathclear® herbicides; EverGreen® lawn fertilizers; and Levington® gardening and landscape products. Other significant brands in Europe include Roundup®2, KB® and Fertiligène® in France; Roundup®2, Celaflor®, Nexa Lotte® and Substral® in Germany and Austria; and Roundup®2, ASEF®, KB® and Substral® in Belgium, the Netherlands and Luxembourg. We are the exclusive agent of the Monsanto Company (“Monsanto”) for the marketing and distribution of consumer Roundup® non-selective herbicide products within the United States and other contractually specified countries. We have a presence in similar consumer branded products in Australia, the Far East and Latin America. In addition, with our recent acquisitions of Gavita Holdings B.V. (“Gavita”), General Hydroponics, Inc. (“General Hydroponics”) and Bio-Organic Solutions, Inc. (“Vermicrop”), and control of AeroGrow International, Inc. (“AeroGrow”), we are a leading producer of liquid plant food products, growing media, advanced indoor garden and lighting systems and accessories for hydroponic gardening. Prior to April 13, 2016, we operated the Scotts LawnService® business (the “SLS Business”), which provided residential and commercial lawn care, tree and shrub care and pest control services in the United States. On April 13, 2016, pursuant to the terms of the Contribution and Distribution Agreement (the “Contribution Agreement”) between the Company and TruGreen Holding Corporation (“TruGreen Holdings”), we completed the contribution of the SLS Business to a newly formed subsidiary of TruGreen Holdings (the “TruGreen Joint Venture”) in exchange for a minority equity interest of approximately 30% in the TruGreen Joint Venture. We now participate in the residential and commercial lawn care, tree and shrub care and pest control services segment in the United States and Canada through our interest in the TruGreen Joint Venture.

Scotts Miracle-Gro, an Ohio corporation, traces its heritage back to a company founded by O.M. Scott in Marysville, Ohio in 1868. In the mid-1900s, we became widely known for the development of quality lawn fertilizers and grass seeds that led to the creation of a new industry-consumer lawn care. In the 1990s, we significantly expanded our product offering with three powerful leading brands in the U.S. home lawn and garden industry. First, in fiscal 1995, through a merger with Stern’s Miracle-Gro Products, Inc., which was founded by Horace Hagedorn and Otto Stern in Long Island, New York in 1951, we acquired the Miracle-Gro® brand, the industry leader in water-soluble garden plant foods. Second and third, in 1998, we acquired the Ortho® brand in the United States and obtained exclusive rights to market the consumer Roundup® brand within the United States and other contractually specified countries, thereby adding industry-leading weed, pest and disease control products to our portfolio. Today, we believe that Scotts®, Turf Builder®, Miracle-Gro®, Ortho® and Roundup® are the most widely recognized brands in the consumer lawn and garden industry in the United States.

Our strategy is focused on (i) growing our core branded business, primarily in North America where we can leverage our competitive advantages in emerging areas of growth including organics, hydroponics, live goods, water positive landscapes, and internet-enabled technology, (ii) maximizing the value of non-core-assets including the divestiture of Scotts LawnService® and exploring alternatives in Europe, and (iii) cash flow including near-term investments that will drive long-term growth, a natural mid-term shift to integration of acquired businesses, and a long-term plan to return increasing amounts of cash to shareholders.

   Company Address: 14111 Scottslawn Road, Marysville, 43041 OH
   Company Phone Number: 644-0011   Stock Exchange / Ticker: NYSE SMG


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Management Announcement

ScottsMiracle-Gro Struggles with Financial Performance Amidst Challenging Market Conditions

Published Thu, Apr 4 2024 10:54 AM UTC

MARYSVILLE, Ohio, April 04, 2024 - The Scotts Miracle-Gro Company, the renowned global leader in consumer lawn, garden, and hydroponic growing products, recently provided an update on its fiscal 2024 second-quarter performance. With a net leverage ratio projected to be hovering around 7 times adjusted EBITDA, the company is set to face financial obstacles that are evide...


Merging Math, Green Screens and Conservation: Scotts Miracle-Gro's Ground-breaking Initiatives Set to Reform Public Broadcasting and Water Usage

Published Mon, Apr 1 2024 11:00 AM UTC

In what promises to be a transformational approach to public television and environmental sustainability, The Scotts Miracle-Gro Foundation is venturing into uncharted territory. The organization has partnered with Doodles and Digits, an innovative edutainment platform, to sponsor a debut broadcast of How Itns Math on Public Television. Simultaneously, it has also announced ...


Hawthorne Partners with BFG Supply to Strengthen Distribution Network and Drive Innovation

Published Wed, Mar 20 2024 9:00 PM UTC

In an exciting move aimed at enhancing its focus on innovation and expanding its proprietary Signature brands, Hawthorne, a leading provider of hydroponic and gardening solutions, has recently forged a strategic distribution partnership with BFG Supply. This collaboration is set to vastly improve Hawthorne's distribution capabilities while empowering the company to invest fu...

Scotts Miracle Gro Co

Scotts Miracle-Gro Co. Struggles to Maintain Profitability as Losses Deepen and Revenue Declines

The recent financial performance of Scotts Miracle-Gro Co is indeed cause for concern. With losses widening to $-1.42 per share compared to $-1.17 a year ago, it is evident that the company is facing significant challenges in maintaining profitability. The decline in revenue by -19.388% to $416.20 million from $516.30 million in the previous year only adds to the bleak outlook for the company.
One of the key reasons for the decline in revenue could be attributed to the decrease in quarterly sales for the company. Despite initiatives such as the collaboration with the Alliance for Water Efficiency to promote sustainable water usage, the financial results for the third quarter of 2023 revealed a disappointing performance. The revenue decrease of 13.42% outpaced that of the company's competitors, indicating a potential loss of market share.


Scotts Miracle-Gro Co Builds On Water Efficiency Partnership Amidst Tough Financial Tide

Published Mon, Feb 5 2024 7:22 PM UTC

The Scotts Miracle-Gro Foundation has joined hands with the Alliance for Water Efficiency to foster water usage research and education. However, amidst this commendable initiative, recent financial performance results revealed a significant decrease in quarterly sales for the company. The project is part of a broader sustainability mission aimed at facilitating better manage...


Scotts Miracle Gro Co's Segments
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Geographic Revenue Dispersion


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