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Last $59.80 USD
Change Today +0.59 / 1.00%
Volume 526.0K
SMG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

scotts miracle-gro co-cl a (SMG) Key Developments

Monsanto Company and The Scotts Miracle-Gro Company Expand Long-Standing Partnership

Monsanto Company and The Scotts Miracle-Gro Company announced the two companies have extended their nearly two-decade long partnership in the lawn and garden consumer market. As part of the extension, Monsanto also renewed and expanded the terms of its marketing agreement with Scotts and provided preferred access to Monsanto’s R&D pipeline for lawn and garden. Under the agreement, Scotts will pay Monsanto a one-time upfront payment of $300 million in exchange for a Roundup® brand license, extended agency agreement and technology agreement.

The Scotts Miracle-Gro Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Re-Affirms Earnings Guidance for the Fiscal Year 2015

The Scotts Miracle-Gro Company reported unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company reported net sales of $1,102.3 million compared to $1,081.0 million a year ago. Income from operations was $209.3 million compared to $217.1 million a year ago. Income from continuing operations before income taxes was $194.3 million compared to $194.4 million a year ago. Net income was $124.3 million or $2.01 per diluted share compared to $125.7 million or $2.00 per diluted share a year ago. Adjusted EBITDA was $232.7 million compared to $233.3 million a year ago. Adjusted income attributable to controlling interest from continuing operations for the second quarter was $127.9 million, or $2.06 per share, compared with $136.7 million, or $2.17 per share. For the six months period, the company reported net sales of $1,318.5 million compared to $1,270.6 million a year ago. The year-over-year change was attributable to a 4% increase in the Global Consumer segment to $1.23 billion, largely due to acquisitions and organic sales volume, partially offset by currency changes. Income from operations was $103.3 million compared to $127.4 million a year ago. Income from continuing operations before income taxes was $78.6 million compared to $90.8 million a year ago. Net income was $50.3 million or $0.81 per diluted share compared to $60.0 million or $0.95 per diluted share a year ago. Adjusted EBITDA was $142.5 million compared to $159.7 million a year ago. Adjusted income from continuing operations was $59.4 million, or $0.96 per share, compared with $71.1 million, or $1.13 per share for the same period a year ago. Those results exclude impairment, restructuring and other charges, as well as one-time costs related to financing. The company re-affirms fiscal year 2015 full-year adjusted earnings guidance of $3.40 to $3.60 per share. The company expects 4% to 5% sales growth for the full year 2015. The company expects 3% to 4% growth in SG&A, primarily from acquisitions.

The Scotts Miracle-Gro Company Approves Cash Dividend, Payable on June 10, 2015

The Scotts Miracle-Gro Company announced that its Board of Directors has approved the payment of a cash dividend of $0.45 per share. The dividend is payable June 10, 2015, to shareholders of record on May 27, 2015.

The Scotts Miracle-Gro Company Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-21-2015 01:30 PM

The Scotts Miracle-Gro Company Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-21-2015 01:30 PM. Venue: Grand Hyatt New York, New York, New York, United States. Speakers: Thomas Randal Coleman, Chief Financial Officer and Executive Vice President.

The Scotts Miracle-Gro Seeks Acquisitions

The Scotts Miracle-Gro Company (NYSE:SMG) is looking for acquisitions. Founder Jim Hagedorn said, he plans more acquisitions in the hydroponics field, potentially building a business that can generate revenue of $1 billion plus a year as more U.S. states legalize recreational and medicinal use of marijuana.

 

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SMG

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Valuation SMG Industry Range
Price/Earnings 23.6x
Price/Sales 1.2x
Price/Book 6.5x
Price/Cash Flow 23.1x
TEV/Sales 0.7x
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