Scotts

ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results

Retrieved on: 
Wednesday, November 1, 2023

The Company reported fiscal 2023 net sales in line with guidance and adjusted non-GAAP earnings exceeding guidance with faster realization of Project Springboard savings.

Key Points: 
  • The Company reported fiscal 2023 net sales in line with guidance and adjusted non-GAAP earnings exceeding guidance with faster realization of Project Springboard savings.
  • The company reported a GAAP loss of $6.79 per share for fiscal 2023.
  • The financial outlook for fiscal 2024 incorporates meaningful progress on margin recovery while adjusting for a higher share count, effective tax rate and average cost of borrowing versus fiscal 2023.
  • Free cash flow for fiscal 2023 increased $680.7 million to $438.2 million mainly driven by reductions to inventory levels during the year.

The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Retrieved on: 
Tuesday, October 31, 2023

MARYSVILLE, Ohio, Oct. 31, 2023 (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, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share.

Key Points: 
  • MARYSVILLE, Ohio, Oct. 31, 2023 (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, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share.
  • The dividend is payable on Friday, December 8, 2023, to shareholders of record as of Monday, November 27, 2023.

ALBEMARLE ANNOUNCES NEW CHIEF FINANCIAL OFFICER

Retrieved on: 
Thursday, October 26, 2023

CHARLOTTE, N.C., Oct. 26, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced that Neal Sheorey will join Albemarle as its executive vice president and chief financial officer, effective Nov. 6, 2023.

Key Points: 
  • CHARLOTTE, N.C., Oct. 26, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced that Neal Sheorey will join Albemarle as its executive vice president and chief financial officer, effective Nov. 6, 2023.
  • Scott Tozier, Albemarle's current executive vice president and chief financial officer, will transition from his current role and become a strategic advisor to the CEO.
  • "Scott's steady leadership, strategic market knowledge and extensive financial acumen have driven Albemarle's growth strategy for more than a decade," said Albemarle CEO Kent Masters.
  • Tozier joined Albemarle in 2011 as senior vice president and chief financial officer.

ScottsMiracle-Gro Announces Timing of Fourth Quarter 2023 Financial Results and Conference Call

Retrieved on: 
Friday, October 20, 2023

MARYSVILLE, Ohio, Oct. 20, 2023 (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, will release its fourth quarter financial results on Wednesday, November 1, 2023, prior to the opening of the U.S. financial markets.

Key Points: 
  • MARYSVILLE, Ohio, Oct. 20, 2023 (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, will release its fourth quarter financial results on Wednesday, November 1, 2023, prior to the opening of the U.S. financial markets.
  • The Company will host a conference call to discuss those results at 9:00 a.m.
  • To participate in the conference call, please register in advance at this link .
  • If you do not anticipate asking a question, we recommend joining via the live webcast on the Company’s investor relations website at http://investor.scotts.com.

ScottsMiracle-Gro Announces Executive Team Retirements and Reorganization

Retrieved on: 
Wednesday, September 27, 2023

This follows the September 2023 promotion of Nate Baxter, 50, who joined the Company in May 2023 as an executive vice president, to chief operating officer.

Key Points: 
  • This follows the September 2023 promotion of Nate Baxter, 50, who joined the Company in May 2023 as an executive vice president, to chief operating officer.
  • Led by Hagedorn, the executive team includes Baxter, Garth, DeMuesy, Dimiter Todorov, 51, executive vice president, general counsel and corporate secretary, and Chris Hagedorn, 38, division president in charge of wholly-owned subsidiary Hawthorne Gardening Company.
  • The executive team restructuring coincides with reductions in other senior positions, primarily at the vice president and senior vice president levels.
  • The executive changes reflect our commitment to continuous improvement, streamlining the team and shifting responsibilities for running the Company to our next generation leaders.

ScottsMiracle-Gro Announces Promotion of Nate Baxter to COO; Mike Lukemire to Remain President Until Retirement in Fiscal 2024

Retrieved on: 
Monday, August 28, 2023

In a related move, Nate Baxter, 50, executive vice president of technology & operations, will be promoted to chief operating officer on September 4, 2023, reporting to Lukemire, who will mentor Baxter during a transition period.

Key Points: 
  • In a related move, Nate Baxter, 50, executive vice president of technology & operations, will be promoted to chief operating officer on September 4, 2023, reporting to Lukemire, who will mentor Baxter during a transition period.
  • Lukemire, 65, has been with the Company for almost 28 years, serving as president since February 2016 and COO since January 2015.
  • “Mike is a trusted member of the executive team whose commitment to our Company, shareholders and associates is beyond reproach,” Hagedorn said.
  • “His pragmatic, inspirational and results-focused leadership will help facilitate a smooth transition for Nate among all our stakeholders.

ScottsMiracle-Gro to hold Fireside Chat with Barclays

Retrieved on: 
Tuesday, August 22, 2023

MARYSVILLE, Ohio, Aug. 22, 2023 (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, will participate in a fireside chat hosted by Gaurav Jain of Barclays at the Barclays Global Consumer Staples Conference on Tuesday, September 5, 2023, in Boston.

Key Points: 
  • MARYSVILLE, Ohio, Aug. 22, 2023 (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, will participate in a fireside chat hosted by Gaurav Jain of Barclays at the Barclays Global Consumer Staples Conference on Tuesday, September 5, 2023, in Boston.
  • After opening comments, Jain, who is Barclays’ Head of EU Small and Mid-cap and Global Tobacco & Cannabis Equity Research, will moderate a question-and-answer session with Chief Financial Officer Matt Garth at approximately 3 p.m.
  • Investors and interested parties may listen to a live webcast of the fireside chat by accessing this link .
  • An archive of the webcast will be available on the Company’s investor relations site at http://investor.scotts.com for 3 months.

ScottsMiracle-Gro Announces Third Quarter Financial Results; Updates Full Year Sales and Earnings Outlook

Retrieved on: 
Wednesday, August 2, 2023

Looking ahead, our amended credit facility provides room to meaningfully reduce debt while directing investments into the core business.

Key Points: 
  • Looking ahead, our amended credit facility provides room to meaningfully reduce debt while directing investments into the core business.
  • U.S. Consumer segment sales increased 1 percent to $916.4 million from $904.5 million driven by strong Growing Media net sales nearly $100 million higher in the quarter than a year ago.
  • Hawthorne segment sales decreased 40 percent to $93.4 million, compared with $154.5 million during the same period last year.
  • The Company expects full year SG&A to be sustainable in a range of 15 to 16 percent of net sales.

In Memoriam: Scott Hannah, Past President & CEO of the Credit Counselling Society

Retrieved on: 
Wednesday, August 2, 2023

Scott leaves behind an indelible legacy and a team motivated and inspired to continue helping, educating, and giving hope to millions more.

Key Points: 
  • Scott leaves behind an indelible legacy and a team motivated and inspired to continue helping, educating, and giving hope to millions more.
  • Scott Hannah walked his talk, helping, educating, and inspiring hope in those who were touched by his words and work.
  • Scott Hannah walked his talk, helping, educating, and inspiring hope in those who were touched by his words and work.
  • Scott Hannah was tapped by the credit granting community to establish the Credit Counselling Society (CCS) in 1996.

The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

Retrieved on: 
Tuesday, August 1, 2023

MARYSVILLE, Ohio, Aug. 01, 2023 (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, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share.

Key Points: 
  • MARYSVILLE, Ohio, Aug. 01, 2023 (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, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share.
  • The dividend is payable on Friday, September 8, 2023, to shareholders of record as of Friday, August 25, 2023.