secwatch / observer
8-K filed November 1, 2023, 7:59 PM ET ticker SMG CIK 0000825542
earnings confidence high sentiment neutral materiality 0.80

Scotts Miracle-Gro reports fiscal 2023 results and enters $600M receivables facility with JPMorgan

SCOTTS MIRACLE-GRO CO

2023-FY EPS reported -$6.79 revenue$3,551,300,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SCOTTS MIRACLE-GRO CO reported the fiscal year ended September 30, 2023 results: revenue $3.55 billion, net income GAAP net loss was $380.1 million, or $6.79 per share, EPS $1.21 per diluted share. Guidance reaffirmed.

Period
the fiscal year ended September 30, 2023
Revenue
$3.55 billion
Net income
GAAP net loss was $380.1 million, or $6.79 per share
EPS
$1.21 per diluted share
Guidance
reaffirmed
Result
reported results
Exact text from the filing
EXHIBIT 99.1 Document Exhibit 99.1 The Scotts Miracle-Gro Company NEWS ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results • Full-year total Company net sales of $3.55 billion in line with guidance • Free cash flow of $438 million improved $681 million year over year; Company reaffirms $1 billion in free cash flow over two years through Fiscal 2024 •
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SCOTTS MIRACLE-GRO CO entered into Master Receivables Purchase Agreement with JPMorgan Chase Bank, N.A. valued at up to $600 million (effective 2023-10-27).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
up to $600 million
Effective
2023-10-27
Exact text from the filing
On October 27, 2023, The Scotts Company LLC (in its capacity as seller and servicer, the “Seller”) entered into a Master Receivables Purchase Agreement (the “Master Receivables Purchase Agreement”), by and among the Seller, other subsidiaries of The Scotts Miracle-Gro Company (the “Company”) that from time to time become party thereto as a seller and servicer (the “Additional Sellers” and together with the Seller, the “Sellers”), JPMorgan Chase Bank, N.A. (the “Purchaser”), and, for the limited purpose of a performance undertaking and as Seller Representative, the Company.
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Source: SEC EDGAR
accession 0001546380-23-000033
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