Scotts Miracle-Gro Company (The) Common Stock (SMG)
71.19
-0.72 (-1.00%)
Scotts Miracle-Gro Company is a leading provider of lawn and garden products, specializing in a diverse range of fertilizers, soil, grass seed, and related gardening supplies
The company serves both consumer and professional markets, offering innovative solutions that promote healthier and more vibrant outdoor spaces. In addition to traditional gardening products, Scotts Miracle-Gro has expanded its portfolio to include hydroponics and indoor gardening solutions, catering to the growing demand for home gardening and urban agriculture. Through a commitment to sustainability and environmental stewardship, the company aims to enhance the gardening experience while contributing to the well-being of communities and ecosystems.
The Scotts Miracle-Gro Company (NYSESMG) announced on Wednesday its results for the full year and fourth quarter ended Sept. 30, 2024."Fiscal 2024 was a strong transition year for the Company in which we continued to transform the business while achieving meaningful top-and bottom-line growth in our core business," Matt Garth, the company's chief financial officer and chief administrative officer, said. "We made strategic investments in marketing and innovation to drive sales and support the long-term health of our brands powered by additional efficiency gains across our organization."Total company net sales were $414.7 million, an increase of 11% from $374.5 million in the same quarter last year. Free cash flow for fiscal 2024 was $583.5 million, compared to $438.2 million a year ago.
