earnings
confidence high
sentiment positive
materiality 0.75
Scotts Miracle-Gro reports fiscal 2024 adjusted EPS $2.29, up from $1.21; free cash flow exceeds $1B over two years
SCOTTS MIRACLE-GRO CO
2024-FY EPS reported
-$0.61
revenue$3,552,700,000
- Full-year revenue $3.6B flat; U.S. Consumer up 6% to $3.0B; Hawthorne down 37% to $294.7M.
- GAAP net loss $34.9M ($0.61) vs loss $380.1M ($6.79); non-GAAP adj. EPS $2.29 vs $1.21.
- Non-GAAP adj. EBITDA $510M at high end of guidance; free cash flow $583.5M, exceeding $1B two-year target.
- Q4 net sales $414.7M (+11%); U.S. Consumer +54% driven by shipment timing; Hawthorne -46%.
- Net leverage 4.86x, below covenant max of 6.0x; inventory below $600M.