secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001546380-24-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro reports fiscal 2024 adjusted EPS $2.29, up from $1.21; free cash flow exceeds $1B over two years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638024000039/0001546380-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638024000039/smg-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001546380-24-000039

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