Scotts Miracle-Gro (SMG) Stock

The rise in Q4 sales is due to higher sales in SMG's U.S. Consumer segment.

Start Time: 09:00 January 1, 0000 10:32 AM ET The Scotts Miracle-Gro Company (NYSE:SMG ) Q4 2024 Earnings Call November 06, 2024, 09:00 AM ET Company Participants Jim Hagedorn - Chairman, President and CEO Matt Garth - EVP, CFO and CAO Nate Baxter - EVP and COO Chris Hagedorn - EVP and Division President, Hawthorne Gardening Company Aimee DeLuca - SVP, IR Conference Call Participants Jon Andersen - William Blair Joe Altobello - Raymond James William Carter - Stifel Peter Grom - UBS Chris Carey - Wells Fargo Securities Eric Bouchard - Cleveland Research William Reuter - Bank of America Carla Casella - JPMorgan Aimee DeLuca Good morning. Welcome to Scotts Miracle-Gro's Fiscal '24 Year-End Earnings Webcast.

While the top- and bottom-line numbers for Scotts (SMG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Scotts Miracle-Gro (SMG) came out with a quarterly loss of $2.31 per share versus the Zacks Consensus Estimate of a loss of $1.94. This compares to loss of $2.77 per share a year ago.

Get a deeper insight into the potential performance of Scotts (SMG) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

MARYSVILLE, Ohio, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Rob Candelino has been named to its Board of Directors.

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SAN DIEGO , Sept. 30, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by a NYSE: SMG investor against certain directors of Scotts Miracle-Gro Company.

The strong recovery since their decline between 2021-2022, especially in the US consumer segment, is driving overall revenue growth despite challenges in the Hawthorne division. I'm encouraged by management's effective debt reduction efforts, which decreased borrowings by $600 million over the past year. Despite a 28% revenue decline in the Hawthorne segment, I find the segment's return to profitability and improving fundamentals quite promising.