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.
The Scotts Miracle-Gro Company (NYSE: SMG) generates a steady flow of news related to its position in branded consumer lawn and garden products and its participation in indoor and hydroponic growing. Company news releases describe ScottsMiracle-Gro as the world’s largest marketer of branded consumer products for lawn and garden care and a leader in indoor and hydroponic growing through its Hawthorne segment.
On this page, readers can follow announcements on topics such as quarterly and full‑year financial results, dividend declarations and updates to fiscal guidance. Recent releases have highlighted gross margin trends, earnings per share performance, free cash flow, leverage metrics and reaffirmed outlooks for the U.S. Consumer segment and consolidated results.
ScottsMiracle-Gro also issues news about its capital allocation and financing, including changes to credit agreements and receivables facilities, as well as corporate governance developments like board appointments and executive compensation practices. The company’s communications frequently discuss its GroMoreGood purpose and Corporate Responsibility initiatives, including recyclable packaging, waste reduction, water conservation and partnerships with environmental nonprofits.
Another recurring theme in the company’s news is its role in indoor and hydroponic growing through The Hawthorne Gardening Company. Releases have addressed how cannabis policy developments and capital spending by legal cannabis operators may affect Hawthorne’s growth prospects and the company’s strategy to combine Hawthorne with a cannabis‑dedicated company.
Brand and community news, such as the long‑term partnership with the Columbus Crew and stadium naming rights for ScottsMiracle-Gro Field, also feature in the company’s updates. Investors, analysts and consumers can use this news feed to review the company’s public statements on financial performance, strategy, sustainability efforts and brand partnerships over time.
The Scotts Miracle-Gro Company (NYSE: SMG) announced the pricing of $500 million in 4.000% senior notes due 2031. The offering, which has not been registered under the Securities Act, is expected to close on March 17, 2021. Proceeds will be used to reduce borrowings on the senior secured revolving credit facility. Scotts Miracle-Gro is a leading marketer of branded lawn and garden care products, boasting approximately $4.1 billion in sales. The company emphasizes this issuance as part of its strategy for financial management.
The Scotts Miracle-Gro Company (NYSE: SMG) plans to offer $500 million of senior notes due 2031 in an unregistered offering. The offering, subject to market conditions, aims to reduce borrowings under its senior secured revolving credit facility. The Senior Notes have not been registered and may not be sold without relevant exemptions. Scotts Miracle-Gro, with approximately $4.1 billion in sales, is a leading marketer of consumer lawn and garden products and operates the Hawthorne Gardening Company for indoor growing solutions.
The Scotts Miracle-Gro Company (NYSE: SMG) will host a virtual Investor & Analyst Day on April 8, 2021, starting at 9:00 a.m. ET. The event will showcase insights from the executive and leadership teams focused on U.S. Consumer and Hawthorne Gardening businesses. It will include approximately 2.5 hours of presentations followed by a live Q&A session. Interested investors can register through the company's website. With sales around $4.1 billion, Scotts Miracle-Gro is a top marketer in the lawn and garden care industry.
The Scotts Miracle-Gro Company (NYSE: SMG) announced that it now anticipates positive sales growth in its U.S. Consumer segment, up from previous guidance of flat to -5%. Senior VP Cory Miller noted a significant 25% year-to-date increase in consumer purchases as retailers gear up for peak season. As a result, the company expects to exceed its earnings guidance of $8.00 to $8.40 per share. Specific updated ranges for sales and earnings will be provided later in spring.
The Scotts Miracle-Gro Company (NYSE: SMG) will join the 42nd Annual Raymond James Institutional Conference on March 1, 2021. Interim CFO Cory Miller and Executive VP Jim King will conduct a virtual chat at 8:20 a.m. (ET) to discuss recent business trends and long-term strategies with investors. A live webcast will be accessible on the Company's investor relations site, with an archive available for 12 months. ScottsMiracle-Gro, with sales of approximately $4.1 billion, is a leader in lawn and garden care products, marketing brands like Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE: SMG) will participate virtually in the 2021 Truist Securities Consumer Symposium on February 23, 2021. Interim CFO Cory Miller and EVP Jim King will host a fireside chat at 3:00 p.m. (ET) to discuss recent business trends and long-term strategies. Investors can listen to the live webcast on the Company’s investor relations website, with an archive available for 12 months. ScottsMiracle-Gro, with $4.1 billion in sales, is a leader in branded consumer lawn and garden products, featuring well-known brands like Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE: SMG) reported its first-ever profit for the fiscal first quarter, with sales soaring 105% to $748.6 million, driven by strong consumer demand and retailer support. Income from continuing operations was $0.43 per diluted share, a notable recovery from a loss of $1.28 per share last year. Sales from the U.S. Consumer segment rose 147%, while Hawthorne sales increased 71%. The company raised its full-year sales growth outlook for Hawthorne to 20-30% and reaffirmed adjusted EPS guidance of $8.00 to $8.40, despite anticipated challenges in the second half.
ScottsMiracle-Gro has announced a consumer advisory regarding certain Miracle-Gro and Nature’s Care raised bed soil products produced between May 15 and June 4, 2020, due to potential contamination by foreign materials. This voluntary action, done in cooperation with the Michigan Department of Agriculture, aims to maintain product quality and safety. Affected products include specific lot codes, and consumers are urged to dispose of these items. Refunds or replacements are available by contacting consumer services. No other products are impacted.
The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.62 per share, set to be paid on March 10, 2021. Shareholders of record by February 24, 2021 will be eligible to receive this dividend. With approximately $4.1 billion in sales, Scotts Miracle-Gro is a leading marketer of consumer lawn and garden products, recognized for its prominent brands like Scotts®, Miracle-Gro®, and Ortho®. The company also includes The Hawthorne Gardening Company, focusing on indoor and hydroponic growing solutions.
The Scotts Miracle-Gro Company (NYSE SMG) will announce its first quarter financial results on February 3, 2021, before the U.S. markets open. The Company will conduct a conference call at 9:00 a.m. ET to discuss these results. Interested participants can join by calling 800-263-0877 with the conference code 3989033, while a replay will be accessible at 888-203-1112 for 15 days post-call. The Company's approximate $4.1 billion sales position them as a leader in branded lawn and garden products, known for their popular brands like Scotts and Miracle-Gro.