Scotts Miracle gro Co (SMG) |
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Price: $67.5300
$-1.23
-1.789%
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Day's High:
| $68.74
| Week Perf:
| 3.08 %
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Day's Low: |
$ 67.11 |
30 Day Perf: |
13.06 % |
Volume (M): |
726 |
52 Wk High: |
$ 78.25 |
Volume (M$): |
$ 48,993 |
52 Wk Avg: |
$60.20 |
Open: |
$68.74 |
52 Wk Low: |
$43.67 |
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Market Capitalization (Millions $) |
3,829 |
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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Stock Performances by Major Competitors |
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Scotts Miracle Gro Co
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.
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Partnership
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...
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Scotts Miracle Gro Co
Scotts Miracle-Gro Co, a leading marketer of lawn and garden products, has reported a loss per share of $-8.29 for the July to September 30, 2023 interval, compared to $-3.95 in the same period the previous year. This represents a significant increase in the loss per share. Additionally, the company's earnings per share fell from $0.77 in the previous reporting season. The company also experienced a decline in revenue, with a respectable decrease of -13.421% to $350.30 million from $404.60 million in the same reporting season the previous year. Sequentially, there was a significant tumble in revenue by -67.741% from $1.09 billion. Furthermore, Scotts Miracle-Gro Co recorded a net loss of $-468.500 million for the July to September 30, 2023 interval, which is larger than the net loss of $-220.100 million from a year ago. An important metric to consider for future demand is the level of inventories. In this case, Scotts Miracle-Gro Co's inventories have declined to $880.3 million at the Agricultural Production company, compared to the previous quarter and the same period a year before. This may indicate a decrease in expected demand.
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Dividend
Published Tue, Oct 31 2023 8:14 PM UTC
In a recent press release, the Scotts Miracle-Gro Company (NYSE: SMG), known as the world's leading marketer of branded consumer lawn and garden products, unveiled its quarterly dividend payment details. On October 31, 2023, the company's Board of Directors confirmed the approval of a cash dividend of $0.66 per share. This dividend will be disbursed to the sharehol...
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Scotts Miracle Gro Co
As an avid investor and follower of the financial markets, I couldn't help but notice the recent financial results of Scotts Miracle Gro Co. The third quarter of 2023 has proven to be a turning point for the company, as earnings per share turned positive at $0.77, compared to a staggering loss of $8.01 per share a year prior. This phenomenal improvement exhibits the company's commitment to financial growth and stability. Despite this positive shift, it is important to note that Scotts Miracle Gro Co experienced a significant decrease in profits of -60.31% from the preceding reporting season, dropping from $1.94 per share. However, it is essential to put this decline into perspective and consider the challenges faced by businesses globally due to the ongoing pandemic.
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Per Share |
Current |
Earnings (TTM) |
-7 $ |
Revenues (TTM) |
57.59 $
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Cash Flow (TTM) |
- |
Cash |
0.18 $
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Book Value |
-
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Dividend (TTM) |
2.66 $ |
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Per Share |
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Earnings (TTM) |
-7 $
|
Revenues (TTM) |
57.59 $ |
Cash Flow (TTM) |
- |
Cash |
0.18 $
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Book Value |
- |
Dividend (TTM) |
2.66 $ |
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