{"schema_version":"secwatch.filing_event.v1","accession":"0001546380-24-000005","form_type":"8-K","ticker":"SMG","cik":"0000825542","company_name":"SCOTTS MIRACLE-GRO CO","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.012612+00:00","generated_at":"2026-06-06T07:31:02.697420+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scotts Miracle-Gro Q1 GAAP loss $1.42/sh; sales down 22%; reaffirms FY24 EBITDA $575M","bullets":["Q1 net loss $80.5M ($1.42 GAAP loss/sh); non-GAAP loss $1.45/sh vs. $1.02 loss a year ago.","Total sales $410.4M (-22% YoY); U.S. Consumer -17%, Hawthorne -39% amid hydroponic industry pressure.","Reaffirms full-year non-GAAP adj. EBITDA $575M, free cash flow $560M, and 250 bps gross margin improvement.","Average net debt to adj. EBITDA leverage 7.20x, within covenant max of 8.25x; covenant steps down to 7.75x in Q2.","Project Springboard savings exceeded $300M target; expects 80% of incremental savings by fiscal year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001546380-24-000005","json":"https://secwatch.observer/filing/0001546380-24-000005.json","markdown":"https://secwatch.observer/filing/0001546380-24-000005.md","text":"https://secwatch.observer/filing/0001546380-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/825542/000154638024000005/0001546380-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/825542/000154638024000005/smg-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:31:02.697420+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":"c486b9bc06c4aa61ba3344592e179fef1ed21435","claim":"SCOTTS MIRACLE-GRO CO reported the first quarter ended December 30, 2023 results: revenue $410.4 million, net income GAAP net loss of $80.5 million, or $1.42 per share, EPS $1.42 per share. Guidance reaffirmed.","evidence_excerpt":"positive in fiscal 2024 and a major contributor to our debt paydown.” First Quarter Details For the quarter ended December 30, 2023, total Company sales declined 22 percent to $410.4 million from $526.6 million a year ago. Due to seasonality, the first quarter typically represents less than 15 percent of full-year sales. U.S. Consumer net sales decreased 17 percent","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/825542/000154638024000005/0001546380-24-000005-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended December 30, 2023"},{"label":"Revenue","value":"$410.4 million"},{"label":"Net income","value":"GAAP net loss of $80.5 million, or $1.42 per share"},{"label":"EPS","value":"$1.42 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}