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Last $62.64 USD
Change Today +1.30 / 2.12%
Volume 194.1K
SMG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

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

Scotts Introduces EveryDrop

Scotts announced the introduction of EveryDrop. This new product line helps soil absorb water that hits its surface, whether it comes from the sprinkler or Mother Nature, driving water deeper into the ground reaching the roots and reducing evaporation. EveryDrop can be used anywhere around their home lawns, gardens, flowerbeds, even indoor plants. Determined to help those dealing with devastating drought care for their lawns and gardens, Scotts, with the support of California'sDepartment of Food And Agriculture, expedited the launch of EveryDrop to help residents meet Governor Jerry Brown's mandate: reduce water use by 25%. The company has a long track-record of water conservation and is leveraging significant resources to support the State's water reduction efforts, with tools that help Californians save water today, reinvent their yards and get inspired with smart and simple ways to save water, go low maintenance and still create a dynamic outdoor space. The product ranges from $9.99-$11.99 and comes in a 10-pound bag or 3-pound shaker jug.

The Scotts Miracle-Gro Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2015; Re-Affirms Earnings Guidance for the Year 2015

The Scotts Miracle-Gro Company reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2015. For the quarter, the company reported net sales of $1,214.8 million against $1,116.4 million a year ago. Income from operations was $217.7 million against $200.9 million a year ago. Income from continuing operations before income taxes was $203.4 million against $188.1 million a year ago. Income from continuing operations was $133.0 million against $120.7 million a year ago. Net income was $133.0 million or $2.14 per share diluted against $121.7 million or $1.95 per share diluted a year ago. Diluted income per share from continuing operations was $2.14 against $1.93 per share a year ago. Adjusted diluted income per share from continuing operations was $2.68 against $2.34 per share a year ago. Adjusted EBITDA was $270.4 million against $252.3 million a year ago. For the nine months, the company reported net sales of $2,533.3 million against $2,387.0 million a year ago. Income from operations was $321.0 million against $328.3 million a year ago. Income from continuing operations before income taxes was $282.0 million against $278.9 million a year ago. Income from continuing operations was $183.3 million against $180.6 million a year ago. Net income was $183.3 million or $2.95 per share diluted against $181.7 million or $2.90 per share diluted a year ago. Diluted income per share from continuing operations was $2.95 against $2.88 per share a year ago. Cash provided by operations was $43 million against $80 million a year ago. Adjusted diluted income per share from continuing operations was $3.65 against $3.46 per share a year ago. Adjusted EBITDA was $405.7 million against $412.0 million a year ago. For the year, the company re-affirming its adjusted earnings guidance, the company increased its sales growth outlook from a range of 4% to 5% to a range of 5% to 6%. The gross margin rate, originally projected to be flat year over year, is now expected to decline 50 to 75 basis points. Operating cash flow is still anticipated to be approximately $275 million. EPS guidance remains $3.40 to $3.60.

The Scotts Miracle-Gro Seeks Acquisitions

The Scotts Miracle-Gro Company (NYSE:SMG) is looking for acquisitions. Jim Hagedorn, Chief Executive Officer of Scotts Miracle said "I think we expect that we'll make some more acquisitions in the hydro space".

The Scotts Miracle-Gro Company Increases Quarterly Dividend, Payable on September 10, 2015

The Scotts Miracle-Gro Company announced that its Board of Directors has approved an increase of the company's quarterly dividend payment to shareholders. The quarterly payment will increase 4% to $0.47 per share. The fourth quarter dividend is payable on September 10, 2015 to shareholders of record as of August 27, 2015.

The Scotts Miracle-Gro Company to Report Q3, 2015 Results on Aug 04, 2015

The Scotts Miracle-Gro Company announced that they will report Q3, 2015 results at 9:00 AM, US Eastern Standard Time on Aug 04, 2015

 

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SMG

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Valuation SMG Industry Range
Price/Earnings 22.6x
Price/Sales 1.3x
Price/Book 5.5x
Price/Cash Flow 22.0x
TEV/Sales 0.9x
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