---
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"
generated_at: "2026-06-09T03:39:32.394358+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546380-23-000033
- JSON: https://secwatch.observer/filing/0001546380-23-000033.json
- Plain text: https://secwatch.observer/filing/0001546380-23-000033.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm

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