{"schema_version":"secwatch.filing_event.v1","accession":"0001546380-23-000004","form_type":"8-K","ticker":"SMG","cik":"0000825542","company_name":"SCOTTS MIRACLE-GRO CO","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.196134+00:00","generated_at":"2026-06-20T04:27:59.147440+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scotts Miracle-Gro Q1 GAAP loss $1.17/sh; U.S. Consumer +8%, Hawthorne -31%; guidance updated","bullets":["GAAP net loss $64.7M ($1.17/sh); non-GAAP adj. loss $1.02/sh vs year-ago loss $0.90/sh.","Total company sales $526.6M, down 7% YoY; U.S. Consumer +8% to $369M, Hawthorne -31% to $131.5M.","Project Springboard on track for $185M annualized FY23 savings; SG&A down 17% to $128.5M.","Net leverage ratio 5.9x within 6.25x covenant; FY23 outlook: low single-digit sales decline, interest expense up ~$60M.","Free cash flow target of $1B over two years reaffirmed; Hawthorne guidance cut to 20-30% sales decline."],"urls":{"canonical":"https://secwatch.observer/filing/0001546380-23-000004","json":"https://secwatch.observer/filing/0001546380-23-000004.json","markdown":"https://secwatch.observer/filing/0001546380-23-000004.md","text":"https://secwatch.observer/filing/0001546380-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000004/0001546380-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000004/smg-20230201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T04:27:59.147440+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b5c93d7fa0b07713b74434a144abf613734c0906","claim":"SCOTTS MIRACLE-GRO CO reported fiscal first quarter ended December 31, 2022 results: revenue $526.6 million, net income GAAP loss of $64.7 million, EPS $1.17 per share.","evidence_excerpt":"on the hydroponic industry as a whole, the smaller Hawthorne segment sales decreased 31 percent versus prior year. Total Company sales declined 7 percent in the quarter to $527 million. Due to seasonality, the first quarter typically represents less than 15 percent of full year sales. Both phases of Project Springboard are now expected to deliver $185 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000004/0001546380-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended December 31, 2022"},{"label":"Revenue","value":"$526.6 million"},{"label":"Net income","value":"GAAP loss of $64.7 million"},{"label":"EPS","value":"$1.17 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}