secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001546380-22-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro reports Q4 GAAP loss of $3.97/share; launches Project Springboard 2.0 for $85M in cost cuts
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- Q4 sales fell 33% to $493.6M; U.S. Consumer -18%, Hawthorne -49%.
- GAAP loss from continuing operations $220.1M ($3.97/share); adjusted loss $2.04/share.
- Full-year sales $3.92B (-20% vs FY 2021); GAAP net loss $437.5M vs income $517.3M prior year.
- Free cash flow negative $242.5M in FY 2022; debt/EBITDA ratio 6.0x.
- FY 2023 guidance: low single-digit adj. operating income growth; targets $1B FCF over 2 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000028/0001546380-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000028/smg-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001546380-22-000028

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