earnings
confidence high
sentiment neutral
materiality 0.65
Scotts Miracle-Gro Q1 adj. EBITDA improves $30M; reaffirms FY guidance; lowers interest expense view
SCOTTS MIRACLE-GRO CO
2025-Q1 EPS reported
-$1.21
revenue$416,800,000
- Q1 net loss $69.5M ($1.21/sh) vs $80.5M ($1.42/sh) YoY; adj. loss $0.89/sh improved $0.56.
- U.S. Consumer net sales +11% to $340.9M; Hawthorne -35% to $52.1M from exit of third-party distribution.
- Non-GAAP adj. gross margin 24.0% vs 13.7% YoY; adj. EBITDA +$3.8M vs -$25.8M.
- Reaffirms FY2025 adj. EBITDA guidance $570-590M; lowers interest expense outlook by $15-20M.
- Avg net debt to adj. EBITDA leverage 4.52x vs 4.86x last qtr; on track to low 4's by fiscal year-end.