Welcome to our dedicated page for Scotts Miracle Gr news (Ticker: SMG), a resource for investors and traders seeking the latest updates and insights on Scotts Miracle Gr stock.
Scotts Miracle-Gro (SMG) is a leader in lawn care, hydroponic systems, and indoor gardening solutions, serving consumers and commercial growers through its US Consumer, Hawthorne, and International segments. This page provides a comprehensive collection of official press releases, financial updates, and strategic announcements directly from the company.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations, and market expansions, including developments in the Hawthorne segment’s specialized hydroponic equipment. All content is sourced from verified channels to ensure accuracy and relevance for decision-making.
Key news categories include corporate milestones, sustainability initiatives, and partnerships impacting both traditional lawn care and emerging indoor agriculture markets. Bookmark this page to stay informed about SMG’s latest advancements in plant nutrition, smart gardening technologies, and regulatory developments affecting the industry.
The Scotts Miracle-Gro Company (NYSE: SMG) reported a 32% increase in sales for Q2 2021, totaling $1.83 billion, driven by strong growth in both U.S. Consumer and Hawthorne segments. U.S. Consumer sales rose 23% to $1.37 billion, while Hawthorne's sales surged 66% to $363.8 million. GAAP EPS increased to $5.44 from $4.43 year-over-year. The company projects Hawthorne sales growth at 30-40% for the fiscal year, amid ongoing pricing adjustments to counteract commodity cost pressures.
The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.62 per share, approved by its Board of Directors. This dividend is set to be paid on June 10, 2021, to shareholders of record by May 27, 2021. Scotts Miracle-Gro is a leading marketer of branded lawn and garden products, with approximately $4.1 billion in sales. Its prominent brands include Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE SMG) will report its second quarter financial results on May 5, 2021, before U.S. market opening. A conference call is scheduled for 9:00 a.m. ET, with dial-in details provided. The Company, a leading marketer of consumer lawn and garden products with around $4.1 billion in sales, will also offer a live webcast of the call. Notable brands include Scotts®, Miracle-Gro®, and Ortho®. For more information, visit their investor relations website.
Scotts Miracle-Gro Company (SMG) has raised its fiscal 2021 sales and earnings outlook. The U.S. Consumer segment is now expected to grow 4-6% compared to a previous forecast of flat to -5%. The Hawthorne segment anticipates a growth of 20-30%. Overall, company-wide sales growth is expected to range from 8-12%, increased from 1-6%. Adjusted earnings per share are forecasted at $8.60-$9.00, up from $8.00-$8.40. However, free cash flow expectations have decreased to $250 million from $325 million due to rising capital expenditures.
The Scotts Miracle-Gro Company (NYSE: SMG) will host a virtual Investor & Analyst Day on April 8, 2021, at 9:00 a.m. ET. The event aims to provide insights into the Company's strategies for its Hawthorne Gardening Company and U.S. Consumer businesses, featuring presentations from its executive team followed by a live Q&A session. Interested investors can register for the event to participate and submit questions. Scotts Miracle-Gro recorded approximately $4.1 billion in sales, holding market-leading brands like Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE: SMG) will host a virtual Investor & Analyst Day on April 8, 2021, at 9:00 a.m. ET. This event aims to provide insights into the Company's strategies, particularly focusing on the Hawthorne Gardening Company and U.S. Consumer businesses. The agenda includes approximately 2.5 hours of presentations followed by a live Q&A session. Interested investors and analysts are encouraged to register soon. Scotts Miracle-Gro reported approximately $4.1 billion in sales, with leading brands like Scotts®, Miracle-Gro®, and Ortho®.
Scotts® has launched Turf Builder® Long Island Lawn Food, a new lawn fertilizer designed to enhance local water quality. This product features 50% slow-release nitrogen and reduces nitrogen content by 20%, aligning with the Long Island Nitrogen Action Plan. All profits from sales will be reinvested in local water protection efforts for the next three years. The initiative includes educational outreach programs and partnerships with environmental organizations to combat nitrogen pollution, a significant threat to Long Island's water supply.
The Scotts Miracle-Gro Foundation announced recipients for its inaugural Water Stewardship Grant: The Nature Conservancy’s New York Chapter and The Everglades Foundation. The grant supports efforts to combat harmful algal blooms (HABs), which negatively impact U.S. waterways and cost the economy $2.2 billion annually. Funding will enhance septic systems on Long Island and further research for Everglades restoration. The Foundation emphasizes clean water as a priority, having previously reduced phosphorus in its products by 10,000 tons yearly.
Instead has launched a new natural lawn care brand that emphasizes simplicity and sustainability. The product range includes tailored fertilizers and grass seed mixes, all made from natural ingredients like molasses and alfalfa. Co-owned by actress Drew Barrymore, who highlights the commitment to environmental responsibility, the brand targets millennials seeking convenient, eco-friendly options. Instead's products are designed for direct delivery, reducing guesswork and packaging waste. Backed by 1868 Ventures, this initiative aims to innovate and disrupt traditional lawn care.
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