secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001546380-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/0001546380-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638023000033/smg-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001546380-23-000033

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