---
schema_version: "secwatch.filing_event.v1"
accession: "0001546380-23-000022"
form_type: "8-K"
ticker: "SMG"
cik: "0000825542"
company_name: "SCOTTS MIRACLE-GRO CO"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:46:27.185383+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Scotts Q3 adjusted EPS $1.17 vs $1.98; sales -6%; full-year guidance cut; credit amended

## Summary
- Q3 GAAP EPS $0.77 vs prior year loss; adjusted EPS $1.17 vs $1.98; sales $1.12B (-6% YoY).
- U.S. Consumer +1% to $916.4M; Hawthorne -40% to $93.4M; POS dollars up 8% in Q3.
- Full-year net sales guide: decline 10-11%; U.S. Consumer -2 to -4%, Hawthorne -30 to -35%; Adjusted EBITDA down ~25%.
- Credit amendment cuts revolver by $250M, raises max leverage to 7.00x (current 6.15x), adds IP collateral, hikes rate 0.25%.
- YTD cash flow improved >$700M; Project Springboard total savings now >$300M; debt reduction target on track.

## SEC filing metadata
- accession: 0001546380-23-000022
- form_type: 8-K
- ticker: SMG
- cik: 0000825542
- company_name: SCOTTS MIRACLE-GRO CO
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825542/000154638023000022/0001546380-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825542/000154638023000022/smg-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546380-23-000022
- JSON: https://secwatch.observer/filing/0001546380-23-000022.json
- Plain text: https://secwatch.observer/filing/0001546380-23-000022.txt

## Key facts
- Earnings Releases
  SCOTTS MIRACLE-GRO CO reported three and nine months ended July 1, 2023 results: revenue $1.12 billion, net income $43.7 million, or $0.77 per diluted share, EPS $0.77 per diluted share.
  - Period: three and nine months ended July 1, 2023
  - Revenue: $1.12 billion
  - Net income: $43.7 million, or $0.77 per diluted share
  - EPS: $0.77 per diluted share
  - Result: reported results
  source text: leverage our leading positions in the multi-billion dollar cannabis space.” Third quarter details For the quarter ended July 1, 2023, company-wide sales decreased 6 percent to $1.12 billion. U.S. Consumer segment sales increased 1 percent to $916.4 million from $904.5 million driven by strong Growing Media net sales nearly $100 million higher in the quarter than a
  evidence_url: https://www.sec.gov/Archives/edgar/data/825542/000154638023000022/0001546380-23-000022-index.htm
- Material Agreements
  SCOTTS MIRACLE-GRO CO amended Amendment No. 2 with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto valued at reduce the revolving loan commitments by $250,000,000 (effective 2023-07-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto
  - Value: reduce the revolving loan commitments by $250,000,000
  - Effective: 2023-07-31
  source text: On July 31, 2023 (the “Effective Date”), The Scotts Miracle-Gro Company (the “Company”) and certain of its subsidiaries entered into (i) an Amendment No. 2 (the “Credit Agreement Amendment”) to the Company’s Sixth Amended and Restated Credit Agreement dated as of April 8, 2022 (as previously amended, the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the lenders party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/825542/000154638023000022/0001546380-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.