Scotts Miracle-Gro reclassifies Hawthorne as discontinued ops for sale; revises prior financials

SCOTTS MIRACLE-GRO CO

Hawthorne business classified as held for sale in Q1 2026; results reclassified as discontinued operations.
Revised FY2025 continuing ops net income $182.1M vs previously reported $145.2M (included Hawthorne).
Revised FY2024 continuing ops net income $27.3M vs previously reported loss $34.9M.
Hawthorne contributed $36.9M net loss in FY2025 and $62.2M net loss in FY2024.
Move signals strategic exit from cannabis/hydroponics Hawthorne segment.

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