---
schema_version: "secwatch.filing_event.v1"
accession: "0001546380-24-000032"
form_type: "8-K"
ticker: "SMG"
cik: "0000825542"
company_name: "SCOTTS MIRACLE-GRO CO"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:41:17.809087+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Scotts Miracle-Gro Q3 adjusted EPS $2.31 doubles YoY; U.S. Consumer sales up 11%

## Summary
- GAAP EPS $2.28 vs $0.77; Non-GAAP adjusted EPS $2.31 vs $1.17, more than doubling YoY.
- Total Q3 sales $1.2B (+7% YoY); U.S. Consumer $1B (+11%); Hawthorne $67.7M (-28%) but first profitable quarter since Q3 2022.
- GAAP gross margin 29.5% (up 1,110 bps); adjusted gross margin 29.2% (up 790 bps) on lower warehousing, materials, and inventory write-downs.
- Interest expense fell 18% YoY; net debt/EBITDA leverage ~5.5x within 6.5x covenant.
- Reaffirmed non-GAAP FY2024 guidance except Hawthorne net sales now expected 35-40% lower YoY; segment still targets break-even or better adjusted EBITDA.

## SEC filing metadata
- accession: 0001546380-24-000032
- form_type: 8-K
- ticker: SMG
- cik: 0000825542
- company_name: SCOTTS MIRACLE-GRO CO
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/825542/000154638024000032/0001546380-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/825542/000154638024000032/smg-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001546380-24-000032
- JSON: https://secwatch.observer/filing/0001546380-24-000032.json
- Plain text: https://secwatch.observer/filing/0001546380-24-000032.txt

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