ScottsMiracle-Gro expects Q2 net leverage ratio ~7x, below covenant max of 7.75x

SCOTTS MIRACLE-GRO CO

Q2 net leverage ratio expected ~7x adjusted EBITDA, below Q1 level and covenant max of 7.75x.
Year-to-date POS units trending to mid-teens % growth YoY; near-record Q2 retail shipments.
First-half free cash flow outperformed expectations, supporting $1B target for fiscal 2023-24.
CEO Hagedorn: debt reduction and covenant compliance are now manageable.
Detailed Q2 earnings report scheduled for May 1, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCOTTS MIRACLE-GRO CO reported preliminary financial results for three months ended March 30, 2024.

Period: three months ended March 30, 2024
Result: preliminary results

Exact text from the filing

On April 4, 2024, the Company issued a news release reporting preliminary information regarding its financial results for the three months ended March 30, 2024.

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321 earnings releases filed in the last 30 days. Browse all earnings releases →

SCOTTS MIRACLE-GRO CO filing history →

Source: SEC EDGAR

accession 0001546380-24-000013

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