Scotts Miracle Gr Stock Price, News & Analysis

ScottsMiracle-Gro's Fort Madison plant in Iowa has achieved a remarkable safety milestone, recording zero incidents for 365 days. This translates to a Total Recordable Incident Rate (TRIR) of zero for the year 2024, surpassing their annual goal and setting a new plant record. The achievement represents over 704,000 work hours, equivalent to 352 full-time employees working injury-free for a year.

Brett Denney, liquid operations director, attributes this success to risk reduction efforts led by front-line supervisors and line leads. David Swihart, SVP of global supply chain, emphasizes the company's commitment to safety across all facilities and praises the Fort Madison plant for setting an exemplary standard in fostering a strong safety culture.

ScottsMiracle-Gro (SMG) is promoting the concept of 'sponge cities' as an environmentally friendly approach to urban planning and lawn care. Sponge cities use plants, green spaces, and natural turfgrass to absorb rainfall and heat, addressing climate change effects. The company argues that living plants and turfgrass are superior to hardscapes in managing water resources and reducing urban heat islands.

SMG emphasizes the benefits of turfgrass, including soil improvement and CO2 conversion. They suggest alternatives like clover, buffalograss, and blue grama for low-maintenance, drought-tolerant options. The company, with $3.6 billion in sales, positions itself as a leader in lawn and garden care products, promoting responsible lawn care practices that align with the sponge city concept.

The press release discusses clover lawns as a popular alternative to traditional grass. Experts highlight clover's benefits, including low maintenance, drought tolerance, and soil enrichment. Jeremy Yamaguchi of Lawn Love notes that clover creates lush green carpets and attracts beneficial insects. Matthew Koch from Scotts emphasizes clover's ability to fix nitrogen, promoting healthier plant growth. The article mentions Scotts Turf Builder Clover Lawn as a low-maintenance option for those interested in clover lawns. The PR also touches on the growing trend of grass alternatives and their advantages in terms of cost, maintenance, and aesthetics.

Scotts has announced a multi-year partnership with Every Kid Sports, a national nonprofit, to support income-restricted families by funding youth sports registration fees. The initiative aims to provide expanded access to natural green spaces. Scotts will award a grant of at least $150,000 by 2026, funding registration fees for approximately 800 kids in areas including Columbus, Phoenix, and Philadelphia.

To celebrate the partnership, Scotts recently hosted a Soccer Field Day in Columbus, Ohio, featuring athletes from the Columbus Crew. The event helped over 60 kids get active outdoors. This collaboration aligns with Scotts' mission to connect children and families with green spaces for play, learning, and growth.

ScottsMiracle-Gro encourages fall gardening for its physical and mental benefits. The company recommends planting young plants for faster results and suggests frost-tolerant vegetables like collards, Swiss chard, and curly kale for edible gardens. Miracle-Gro emphasizes the importance of outdoor activity and connecting with nature before winter, highlighting how fall gardening can provide a screen break and yield a late-season harvest of fresh produce. The message aims to inspire gardeners to extend their growing season and maintain their gardening habits into the autumn months.

ScottsMiracle-Gro (SMG) addresses the trend of hardscaping in drought-prone regions, where traditional lawns are being replaced with patios and walkways. The company highlights potential issues with non-porous materials leading to excessive rainwater runoff and erosion. SMG advocates for a balanced approach to landscape design, recommending xeriscaping or water-positive designs that combine hardscape materials with living plants.

The press release promotes water-wise native plants as an eco-friendly option for reducing water usage and maintenance. SMG also suggests drought-tolerant plants for landscapes and gardens, emphasizing their ability to thrive in high-heat, low-rain conditions. With $3.6 billion in sales, ScottsMiracle-Gro is positioned as the world's largest marketer of branded consumer products for lawn and garden care, featuring popular brands like Scotts, Miracle-Gro, and Ortho.

Scotts Miracle-Gro (SMG) is adapting to changing perceptions of lawn care by emphasizing responsible and resource-conscious practices. The company aims to provide guidance for maintaining outdoor spaces while being mindful of environmental factors. With approximately $3.6 billion in sales, Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care. Its portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a leading provider of materials for indoor and hydroponic growing.

The Scotts Miracle-Gro Foundation and Doodles and Digits have partnered to bring the acclaimed 'How It's Math' program to Public Television, set to premiere in April 2024 for Mathematical Awareness Month. The show aims to explore mathematics in various careers and industries, with a special collaboration featuring ScottsMiracle-Gro's use of math in creating lawn and garden products.

This partnership expands the reach of Doodles and Digits' educational content, inspiring young learners to explore mathematics and the natural world. The television debut will be complemented by behind-the-scenes looks at ScottsMiracle-Gro's STEM work, showcasing the practical applications of math in industry.

ScottsMiracle-Gro (SMG) highlights 8 unexpected benefits of growing clover in lawns. Experts emphasize clover's advantages, including:

1. Low-maintenance nature
2. Soil structure improvement
3. Drought resistance
4. Increased biodiversity
5. Nitrogen regulation
6. Cost-effectiveness
7. Support for other plants
8. Aesthetic appeal

Clover requires less mowing, water, and fertilizer than traditional turf. Its deep root system aerates soil, improves drainage, and prevents erosion. Clover attracts pollinators, fixes nitrogen naturally, and remains green during dry spells. While some view it as a weed, many landscapers recognize its benefits for soil health and overall garden vitality.