secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0001546380-25-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro Q1 adj. EBITDA improves $30M; reaffirms FY guidance; lowers interest expense view
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638025000003/0001546380-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638025000003/smg-20250129.htm
  HTML page:      https://secwatch.observer/filing/0001546380-25-000003

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