---
schema_version: "secwatch.filing_event.v1"
accession: "0001546380-24-000013"
form_type: "8-K"
ticker: "SMG"
cik: "0000825542"
company_name: "SCOTTS MIRACLE-GRO CO"
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:38:39.249423+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001546380-24-000013
- form_type: 8-K
- ticker: SMG
- cik: 0000825542
- company_name: SCOTTS MIRACLE-GRO CO
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825542/000154638024000013/0001546380-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825542/000154638024000013/smg-20240404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546380-24-000013
- JSON: https://secwatch.observer/filing/0001546380-24-000013.json
- Plain text: https://secwatch.observer/filing/0001546380-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/825542/000154638024000013/0001546380-24-000013-index.htm

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