SCOTTS MIRACLE-GRO CO reported fiscal 2026 results: revenue U.S. Consumer net sales low single-digit growth, net income non-GAAP adjusted net income per share from continuing operations of $4.15 to $4.35, EPS $4.15 to $4.35. Guidance reaffirmed.
“The fiscal 2026 guidance that has been reaffirmed by the Company includes: • U.S. Consumer net sales low single-digit growth • Non-GAAP adjusted gross margin rate of at least 32% • Non-GAAP adjusted net income per share from continuing operations of $4.15 to $4.35 • Non-GAAP adjusted EBITDA mid single-digit growth • Free cash flow of $275 million, driving leverage ratio down to the high 3’s”
Material Agreements
SCOTTS MIRACLE-GRO CO entered into Seventh A&R Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Br valued at $2.0 billion (effective 2025-11-21).
“On November 21, 2025, The Scotts Miracle-Gro Company (the “ Company ”) entered into a Seventh Amended and Restated Credit Agreement, by and among the Company, as a Borrower; the Subsidiary Borrowers; JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Branch, U.S. Bank National Association and Citizens Bank, N.A., as Co-Documentation Agents; and the several other banks and other financial institutions from time to time parties thereto (the “ Seventh A&R Credit Agreement ”).”
Debt Financings
SCOTTS MIRACLE-GRO CO incurred credit facility of $2.0 billion with JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Br at (i) the Alternate Base Rate plus the Applicable Spread or (ii) the Adjusted Term maturing November 21, 2030.
“On November 21, 2025, The Scotts Miracle-Gro Company (the “ Company ”) entered into a Seventh Amended and Restated Credit Agreement, by and among the Company, as a Borrower; the Subsidiary Borrowers; JPMorgan Chase Bank, N.A., as Administrative Agent; Bank of America, N.A., Mizuho Bank, LTD., Wells Fargo Bank, National Association, Truist Bank, PNC Bank, National Association and Capital One, N.A, as Co-Syndication Agents; Farm Credit Canada, TD Bank, N.A., Coöperatieve Rabobank U.A., New York Branch, U.S. Bank National Association and Citizens Bank, N.A., as Co-Documentation Agents; and the several other banks and other financial institutions from time to time parties thereto (the “ Seventh A&R Credit Agreement ”). Subject to the terms and conditions of the Seventh A&R Credit Agreement, the lenders have committed to provide the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $2.0 billion, comprised of a revolvin”
Nick Miaritis was appointed as Director at SCOTTS MIRACLE-GRO CO.
“On January 31, 2025, the Board, upon the recommendation of the Nominating and Governance Committee of the Board (“Nominating Committee”), appointed Nick Miaritis as a Class II member of the Board to fill a vacancy arising from Mr. Kelly’s departure.”
Tom Kelly resigned as Director at SCOTTS MIRACLE-GRO CO.
“On January 27, 2025, Tom Kelly, a member of the Board of Directors (the “Board”), notified The Scotts Miracle-Gro Company (the “Company”) of his resignation from the Board with his term ending January 31, 2025.”
Roberto Candelino was appointed as Class I Director at SCOTTS MIRACLE-GRO CO.
“On November 4, 2024, the Board, upon the recommendation of the Nominating and Governance Committee of the Board (“Nominating Committee”), appointed Roberto Candelino as a Class I member of the Board to fill a vacancy.”
Earnings Releases
SCOTTS MIRACLE-GRO CO updated its fiscal 2024 guidance (reaffirmed).
“The Company reaffirms its previously announced non-GAAP fiscal 2024 guidance.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported first six months of fiscal 2024 results: revenue sales of $1.94 billion, down 6 percent from $2.06 billion a year earlier, net income GAAP net income was $77.0 million, or $1.34 per diluted share, EPS $1.34 per diluted share.
“6.95 times, well within the covenant maximum of 7.75 times. The maximum EBITDA multiple under the revised leverage ratio covenants decreases to 6.50 in the third quarter and to 6.00 in the fourth quarter of the fiscal year. Going forward, the Company expects to operate well within covenant bounds. The Company recorded pre-tax restructuring charges of $77.0”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported second quarter ended March 30, 2024 results: revenue U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year, net income Non-GAAP adjusted net income for the quarter... was $211.9 million, or $3.69 per diluted share, EPS $3.69 per diluted share.
“a position of strength and with a growth mindset.” Financial Results Second Quarter Details For the quarter ended March 30, 2024, total Company sales were approximately flat at $1.53 billion compared to a year ago. U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year. U.S. Consumer segment favorability was”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported three and six months ended March 30, 2024 results: revenue total Company sales were approximately flat at $1.53 billion compared to a year ago, net income GAAP net income of $157.5 million, or $2.74 per diluted share, EPS $2.74 per diluted share.
“a position of strength and with a growth mindset.” Financial Results Second Quarter Details For the quarter ended March 30, 2024, total Company sales were approximately flat at $1.53 billion compared to a year ago. U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year. U.S. Consumer segment favorability was”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported preliminary financial results for three months ended March 30, 2024.
“On April 4, 2024, the Company issued a news release reporting preliminary information regarding its financial results for the three months ended March 30, 2024.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported the first quarter ended December 30, 2023 results: revenue $410.4 million, net income GAAP net loss of $80.5 million, or $1.42 per share, EPS $1.42 per share. Guidance reaffirmed.
“positive in fiscal 2024 and a major contributor to our debt paydown.” First Quarter Details For the quarter ended December 30, 2023, total Company sales declined 22 percent to $410.4 million from $526.6 million a year ago. Due to seasonality, the first quarter typically represents less than 15 percent of full-year sales. U.S. Consumer net sales decreased 17 percent”
Nancy Mistretta resigned as Director at SCOTTS MIRACLE-GRO CO.
“On January 25, 2024, Nancy Mistretta, a member of the Board of Directors (the “Board”), notified The Scotts Miracle-Gro Company (the “Company”) of her resignation from the Board effective January 30, 2024.”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Ratification of the Selection of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending September 30, 2024 at the 2024-01-22 meeting.
“Proposal 3 — Ratification of the Selection of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending September 30, 2024. The Audit Committee’s selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm was ratified. The results of the vote were as follows: Votes For Votes Against Abstentions Broker Non-Votes 50,323,470 692,202 219,048 —”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Advisory Vote on the Compensation of the Company's Named Executive Officers at the 2024-01-22 meeting.
“Proposal 2 — Advisory Vote on the Compensation of the Company’s Named Executive Officers. The compensation of the Company’s named executive officers was approved on an advisory basis. The results of the vote were as follows: Votes For Votes Against Abstentions Broker Non-Votes 43,128,604 1,873,345 260,751 5,972,020”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Election of Directors at the 2024-01-22 meeting.
“Proposal 1 — Election of Directors. Each of Thomas N. Kelly Jr., Brian E. Sandoval, Peter E. Shumlin and John R. Vines was elected as a director of the Company to serve for a term expiring at the Annual Meeting of Shareholders to be held in 2027. The results of the vote were as follows: Votes For Votes Against Abstentions Broker Non-Votes Thomas N. Kelly Jr. 43,300,810 1,700,973 260,917 5,972,020 Brian E. Sandoval 43,062,813 1,939,953 259,934 5,972,020 Peter E. Shumlin 43,056,292 1,948,399 258,009 5,972,020 John R. Vines 39,113,321 5,891,676 257,703 5,972,020”
Denise Stump departed as Executive Vice President, Global Human Resources and Chief Ethics Officer at SCOTTS MIRACLE-GRO CO.
“On September 27, 2023, The Scotts Miracle-Gro Company (the “Company”) reported that Denise Stump, the Company’s former Executive Vice President, Global Human Resources and Chief Ethics Officer, would be departing the Company on October 1, 2023 (the “Termination Date”).”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported the fiscal year ended September 30, 2023 results: revenue $3.55 billion, net income GAAP net loss was $380.1 million, or $6.79 per share, EPS $1.21 per diluted share. Guidance reaffirmed.
“EXHIBIT 99.1 Document Exhibit 99.1 The Scotts Miracle-Gro Company NEWS ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results • Full-year total Company net sales of $3.55 billion in line with guidance • Free cash flow of $438 million improved $681 million year over year; Company reaffirms $1 billion in free cash flow over two years through Fiscal 2024 •”
Material Agreements
SCOTTS MIRACLE-GRO CO entered into Master Receivables Purchase Agreement with JPMorgan Chase Bank, N.A. valued at up to $600 million (effective 2023-10-27).
“On October 27, 2023, The Scotts Company LLC (in its capacity as seller and servicer, the “Seller”) entered into a Master Receivables Purchase Agreement (the “Master Receivables Purchase Agreement”), by and among the Seller, other subsidiaries of The Scotts Miracle-Gro Company (the “Company”) that from time to time become party thereto as a seller and servicer (the “Additional Sellers” and together with the Seller, the “Sellers”), JPMorgan Chase Bank, N.A. (the “Purchaser”), and, for the limited purpose of a performance undertaking and as Seller Representative, the Company.”
Michael C. Lukemire departed as President at SCOTTS MIRACLE-GRO CO.
“On September 27, 2023, The Scotts Miracle-Gro Company (the “Company”) reported that Michael C. Lukemire, the Company’s former President, would be departing the Company on October 1, 2023 (the “Termination Date”).”
Matthew E. Garth was appointed as Chief Administrative Officer at SCOTTS MIRACLE-GRO CO.
“The Board also elected Matthew E. Garth, our current Executive Vice President and Chief Financial Officer, to the additional title of Chief Administrative Officer.”
Jim Hagedorn was appointed as President at SCOTTS MIRACLE-GRO CO.
“the Board elected Jim Hagedorn, our Chairman and Chief Executive Officer, to the additional title of President.”
Denise Stump retired as Executive Vice President, Global Human Resources and Chief Ethics Officer at SCOTTS MIRACLE-GRO CO.
“On September 25, 2023, the Company and each of Michael C. Lukemire and Denise Stump mutually agreed to an acceleration of their retirement from the Company effective October 1, 2023.”
Michael C. Lukemire retired as President at SCOTTS MIRACLE-GRO CO.
“On September 25, 2023, the Company and each of Michael C. Lukemire and Denise Stump mutually agreed to an acceleration of their retirement from the Company effective October 1, 2023.”
Nathan Baxter was appointed as Executive Vice President & Chief Operating Officer at SCOTTS MIRACLE-GRO CO.
“In a corresponding move as part of the plan, the Board of Directors appointed Nathan Baxter as Executive Vice President & Chief Operating Officer, effective September 4, 2023, reporting to Mr. Lukemire, who will mentor and guide Mr. Baxter in the COO transition.”
Mike Lukemire changed role as President at SCOTTS MIRACLE-GRO CO.
“Mr. Lukemire will step down from his COO role on September 3, 2023, and retain his position and responsibilities as President, reporting to Mr. Hagedorn, until his planned retirement in fiscal 2024.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported three and nine months ended July 1, 2023 results: revenue $1.12 billion, net income $43.7 million, or $0.77 per diluted share, EPS $0.77 per diluted share.
“leverage our leading positions in the multi-billion dollar cannabis space.” Third quarter details For the quarter ended July 1, 2023, company-wide sales decreased 6 percent to $1.12 billion. U.S. Consumer segment sales increased 1 percent to $916.4 million from $904.5 million driven by strong Growing Media net sales nearly $100 million higher in the quarter than a”
Material Agreements
SCOTTS MIRACLE-GRO CO amended Amendment No. 2 with JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto valued at reduce the revolving loan commitments by $250,000,000 (effective 2023-07-31).
“On July 31, 2023 (the “Effective Date”), The Scotts Miracle-Gro Company (the “Company”) and certain of its subsidiaries entered into (i) an Amendment No. 2 (the “Credit Agreement Amendment”) to the Company’s Sixth Amended and Restated Credit Agreement dated as of April 8, 2022 (as previously amended, the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the lenders party thereto”
Mark D. Kingdon was appointed as Class I Director at SCOTTS MIRACLE-GRO CO.
“On July 13, 2023, the Board, upon the recommendation of the Nominating and Governance Committee of the Board (“Nominating Committee”), appointed Mark D. Kingdon as a Class I member of the Board to fill the vacancy arising from Mr. Volas’ resignation.”
Gerald Volas resigned as Director at SCOTTS MIRACLE-GRO CO.
“On July 11, 2023, Gerald Volas, a member of the Board of Directors (the “Board”), notified The Scotts Miracle-Gro Company (the “Company”) of his resignation from the Board effective immediately.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported fiscal second quarter ended April 1, 2023 results: revenue $1.53 billion, net income $109.4 million, EPS $1.94 per diluted share. Guidance lowered.
“For the quarter ended April 1, 2023, company-wide sales decreased 9 percent to $1.53 billion. U.S. Consumer segment sales decreased 2 percent to $1.36 billion, from a record $1.38 billion last year. Hawthorne segment sales decreased 54 percent to $93 million, compared with $203 million during the same period a year ago, reflecting the continued challenges in the hydroponic industry. January - March 2023 Net Sales Drivers (1) Volume & Mix Foreign Exchange Price Other (2) Net Sales U.S. Consumer (11)% 0% 9% 0% (2)% Hawthorne (60)% 0% 6% 0% (54)% Other (11)% (6)% 2% 0% (15)% Total SMG (17)% 0% 8% 0% (9)% (1) Net Sales percentage changes are approximations based on quantitative formulas that are consistently applied (2) Other includes the impact of acquisitions and divestitures GAAP and non-GAAP adjusted gross margin rates for the quarter were 26.9 percent and 34.7 percent, respectively. The GAAP and non-GAAP gross margin rates were 35.1 percent and 35.4 percent, respectively, in the secon”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported preliminary financial results for three months ended April 1, 2023.
“On April 10, 2023, the Company issued a news release reporting, among other things, preliminary information regarding its financial results for the three months ended April 1, 2023.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported fiscal first quarter ended December 31, 2022 results: revenue $526.6 million, net income GAAP loss of $64.7 million, EPS $1.17 per share.
“on the hydroponic industry as a whole, the smaller Hawthorne segment sales decreased 31 percent versus prior year. Total Company sales declined 7 percent in the quarter to $527 million. Due to seasonality, the first quarter typically represents less than 15 percent of full year sales. Both phases of Project Springboard are now expected to deliver $185 million”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Ratification of the Selection of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending September 30, 2023 at the 2023-01-23 meeting.
“The Audit Committee’s selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm was ratified.”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Advisory Vote on the Compensation of the Company's Named Executive Officers at the 2023-01-23 meeting.
“The compensation of the Company’s named executive officers was approved on an advisory basis.”
Shareholder Votes
SCOTTS MIRACLE-GRO CO shareholders approved Election of Directors at the 2023-01-23 meeting.
“Each of James Hagedorn, Nancy G. Mistretta, Gerald Volas and Edith Avilés was elected as a director of the Company to serve for a term expiring at the Annual Meeting of Shareholders to be held in 2026.”
David C. Evans departed as Interim Chief Financial Officer at SCOTTS MIRACLE-GRO CO.
“David C. Evans will be stepping down from his role of Interim Chief Financial Officer effective as of December 1, 2022.”
Matthew E. Garth was appointed as Executive Vice President and Chief Financial Officer at SCOTTS MIRACLE-GRO CO.
“appointed Matthew E. Garth to serve as Executive Vice President and Chief Financial Officer of the Company, effective December 1, 2022.”
Brian D. Finn departed as Class I Director at SCOTTS MIRACLE-GRO CO.
“On November 4, 2022, Brian D. Finn informed The Scotts Miracle-Gro Company (the “Company”) and its Board of Directors that he will not stand for re-election as a Class I Director at the Company’s 2023 Annual Meeting of Shareholders, which is expected to be held on January 23, 2023.”
Earnings Releases
SCOTTS MIRACLE-GRO CO reported financial results for the three and twelve months ended September 30, 2022.
“On November 2, 2022, Scotts Miracle-Gro issued a news release reporting information regarding its financial results for the three and twelve months ended September 30, 2022 and its financial condition as of September 30, 2022.”
Cory J. Miller departed as Executive Vice President and Chief Financial Officer at SCOTTS MIRACLE-GRO CO.
“The Scotts Miracle-Gro Company (the “Company”) reported that Cory J. Miller, Executive Vice President and Chief Financial Officer, departed his position as Executive Vice President and Chief Financial Officer of the Company, effective as of August 29, 2022.”
David C. Evans was appointed as interim Chief Financial Officer at SCOTTS MIRACLE-GRO CO.
“On August 31, 2022, the Company announced that its Board of Directors appointed David C. Evans, 59, as interim Chief Financial Officer, effective August 30, 2022.”
Cory J. Miller departed as Executive Vice President and Chief Financial Officer at SCOTTS MIRACLE-GRO CO.
“On August 29, 2022, The Scotts Miracle-Gro Company (the “Company”) and Cory J. Miller, Executive Vice President & Chief Financial Officer, mutually agreed that he will depart his position as Executive Vice President & Chief Financial Officer effective immediately.”
Brian E. Sandoval was appointed as Class II Director at SCOTTS MIRACLE-GRO CO.
“appointed Governor Brian E. Sandoval as a Class II member of the Board to fill a vacancy”
Gerald Volas was appointed as Class I Director at SCOTTS MIRACLE-GRO CO.
“On July 30, 2021, the Board of Directors (the “Board”) of The Scotts Miracle-Gro Company (the “Company”) , upon the recommendation of the Nominating and Governance Committee of the Board, appointed Gerald Volas as a Class I member of the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.