{"schema_version":"secwatch.filing_event.v1","accession":"0001546380-23-000033","form_type":"8-K","ticker":"SMG","cik":"0000825542","company_name":"SCOTTS MIRACLE-GRO CO","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.103999+00:00","generated_at":"2026-06-09T03:39:32.394358+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Scotts Miracle-Gro reports fiscal 2023 results and enters $600M receivables facility with JPMorgan","bullets":["Full-year net sales $3.55B (-10% YoY); GAAP net loss $380.1M ($6.79 loss per share).","Non-GAAP adjusted EPS $1.21, down from $4.10; free cash flow $438M, up $681M YoY.","Hawthorne segment sales $467.3M (-35% YoY); company recorded $229.2M non-cash impairments.","Entered $600M receivables purchase agreement with JPMorgan; uncommitted facility expiring Oct 2024.","Fiscal 2024 outlook: focus on margin recovery, free cash flow, and financial flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001546380-23-000033","json":"https://secwatch.observer/filing/0001546380-23-000033.json","markdown":"https://secwatch.observer/filing/0001546380-23-000033.md","text":"https://secwatch.observer/filing/0001546380-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/smg-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:39:32.394358+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":"15fe65d4e36717f55218ab515ce24c8b06d393c6","claim":"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.","evidence_excerpt":"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 •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended September 30, 2023"},{"label":"Revenue","value":"$3.55 billion"},{"label":"Net income","value":"GAAP net loss was $380.1 million, or $6.79 per share"},{"label":"EPS","value":"$1.21 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a35a14534158b81e773774aa63b980b0fa9c1f35","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"up to $600 million"},{"label":"Effective","value":"2023-10-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}