Scotts Miracle-Gro (SMG) Tops Q2 EPS by 30c, offers outlook

Scotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $3.69, $0.30 better than the analyst estimate of $3.39. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.49 billion.

Fiscal 2024 Outlook

The Company reaffirms its previously announced non-GAAP fiscal 2024 guidance. More details will be shared during today’s call, and the Company expects to provide an updated outlook in early June. The Company’s primary objective remains restoring a strong balance sheet with meaningful improvements in leverage and working capital by generating $575 million of adjusted EBITDA and free cash flow of $560 million.

For earnings history and earnings-related data on Scotts Miracle-Gro (SMG) click here.

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