secwatch.observer — SEC 8-K summary
======================================

Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2026-07-29T11:36:42+00:00
Accession:  0000825542-26-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000036/0000825542-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000036/smg-20260729.htm
  HTML page:      https://secwatch.observer/filing/0000825542-26-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer