Scotts Miracle-Gro Q3 adj EPS $2.82 (+8% YoY); raises FY guidance to $4.30-$4.45

SCOTTS MIRACLE-GRO CO

Net sales $1.17B (+1% YoY); GAAP EPS $1.75 (-34% YoY) due to impairment/restructuring.
Non-GAAP adjusted EPS $2.82 (+8% YoY); gross margin rate 31.3% (-100bps) from Iran conflict costs.
Full-year non-GAAP adjusted EPS guidance raised to $4.30-$4.45 from $4.15-$4.35.
CEO transition: Nate Baxter succeeded Jim Hagedorn on June 29, 2026; Hagedorn Partnership supports.
Net leverage ratio improved to 3.78x (down 0.37x YoY); free cash flow guidance $275M.

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