iHub News
1月前
Scotts Miracle-Gro Shares Rise 3% on Earnings Beat and Margin ExpansionApril 29, 2026 8:49 AM
IH Market News
The Scotts Miracle-Gro Company (NYSE:SMG) reported second-quarter results on Wednesday that came in ahead of analyst expectations, supported by revenue growth and improved margins.Shares gained 3.18% in premarket trading following the announcement.The company posted adjusted earnings per share of $4.53 for the quarter ended March 28, beating the consensus estimate of $3.86 by $0.67.Revenue totaled $1.46 billion, exceeding forecasts of $1.41 billion and rising 5% compared with the same period last year.The revenue increase was accompanied by a notable improvement in profitability, with adjusted gross margin expanding by 240 basis points to 41.8%.“We delivered a strong second quarter, executing on net sales growth, gross margin expansion and other key financial priorities,” said Mark Scheiwer. “We are driving profitability growth and improved free cash flow while making incremental investments in consumer activation and return-generating capital expenditures.”Scotts Miracle-Gro reaffirmed its full-year fiscal 2026 guidance, expecting adjusted earnings per share from continuing operations in the range of $4.15 to $4.35. The midpoint of $4.25 was not directly compared with a specific analyst consensus.The company also expects U.S. Consumer segment net sales to grow in the low single digits and forecasts an adjusted gross margin of at least 32%.Adjusted EBITDA increased 9% year over year to $437.4 million. The company’s net leverage ratio improved to 3.71x from 4.41x a year earlier, reflecting progress in reducing debt.Scotts Miracle-Gro expects to generate approximately $275 million in free cash flow for fiscal 2026, which it anticipates will help lower its leverage ratio into the high-3x range.ScottsMiracle-Gro stock price
Original: Scotts Miracle-Gro Shares Rise 3% on Earnings Beat and Margin Expansion
US Market News
4月前
NYSE Content Update: Brazilian Fintech AGI to Open for TradeFebruary 11, 2026 8:56 AM
PR Newswire (US)
NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, Feb. 11, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Ashley Mastronardi delivers the pre-market update on February 11thMarkets are higher this morning as the DOW is coming off a third straight session closing above 50,000 and traders await the delayed January Jobs Report.Brazilian Fintech AGI (NYSE: AGBK) is celebrating its IPO this morning after raising $240 million.Scotts Miracle-Gro (NYSE: SMG) will celebrate its 30th anniversary by ringing the closing bell, with CFO Mark Scheiwer joining NYSE Live and Chief Gardening Officer Martha Stewart on-site as well.Opening Bell
Brazilian Fintech AGI (NYSE: AGBK) celebrates its IPOClosing Bell
Scotts Miracle-Gro (NYSE: SMG) marks 30 years on the NYSEFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com Video - https://mma.prnewswire.com/media/2902073/NYSE_Feb_11_Market_Update.mp4
Photo - https://mma.prnewswire.com/media/2902072/Boyd_Photo_2_11.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-update-brazilian-fintech-agi-to-open-for-trade-302685184.html
Original: NYSE Content Update: Brazilian Fintech AGI to Open for Trade
jgrabar
2年前
https://markets.businessinsider.com/news/stocks/alert-to-longterm-investors-of-the-scotts-miraclegro-company-smg-grabar-law-office-is-investigating-claims-on-your-behalf-1033562551
WHAT YOU CAN DO NOW: Current Scotts shareholders who have held Scotts shares since on or before November 1, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever.
If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/Scotts-Shareholder-Investigation/, contact Joshua Grabar at jgrabar @FH-6085.
Attorney Advertising Disclaimer
sirius22
4年前
Nope not the time to buy as long as SMG has Hawthorne pulling it down.
It’s funny to me, wondering how many people on this board reading this post actually believe in any way that the reason Hawthorne is doing poorly has anything to do with the cannabis market in the US as far as overproduction. I mean, that excuse doesn’t even make sense which should show you how disconnected these people are from Cannabis.
Hawthornes slow motion but colossal failure is straight up the result of Hawthorne going to grow bro idiots who have been operating in their garage and assuming that they knew what products and equipment would be needed to scale. Spoiler alert, they had no idea what was required to scale.
I work in California cannabis at agricultural scale indoor, outdoor, greenhouse and have been involved with around 40% of the states licensed cannabis canopy. I can tell you with 100% certainty that l absolutely none of the brands/products/equipment that you find in a grow/hydro store that were purchased by Hawthorne like Cann Fan, Botanicare nutrients, etc. are used at any significant scale other than for the home grower and that’s it.
It has never ceased to amaze me that a blue chip company like SMG would eff up this bad as far as just simply not even doing any due diligence as to what the market really looked like down the road and what products or product type/formats would be appropriate for that.
Even before Scott’s bought all of these companies people had already begun to scale above and beyond the type of equipment offered by the companies Hawthorne acquired.
map35
5年前
SMG is growing because they own a bunch of hydroponic companies including General Hydroponics (nutrients), Gavita (commercial lighting), environmental controls and more under their subsidiary Hawthorne. https://www.hawthornegc.com/page/signature-brands No cannabis grower uses SMG oil. They either use coco coir, complete hydro, or organic live soil, sometimes fox farm soils.
As more Grow facilities are built SMG will have a significant revenue stream.
Gavita grow lights are a staple in many commercial grows and can be seen on YouTube shows cannacribs and growing exposed.
Pennystomper55
5年前
Another great day, Scotts just keeps going up. Interesting news yesterday too, should help keep their products the best on the market.
Flowr and Hawthorne Canada Jointly Announce the Completion of the World's First Cannabis Research and Development Facility of its Kind
8:00 am ET January 5, 2021 (Globe Newswire) Print
North America's first research and development facility dedicated to advancing cannabis cultivation techniques and systems has been completed by The Flowr Corporation (TSXV: FLWR) and Hawthorne Canada Limited ("Hawthorne"). Hawthorne is a subsidiary of the Hawthorne Gardening Company division of The Scotts Miracle-Gro Company (NYSE:SMG). Scotts Miracle-Gro is the world's leading marketer of branded consumer lawn and garden products and indoor growing solutions. Flowr cultivates and sells premium cannabis to medical and adult-use markets in Canada, Europe and Australia.
Located on Flowr's cultivation campus in Kelowna, British Columbia, Canada, the R&D Center includes state-of-the-art laboratories, indoor grow suites, and training areas in a single building. Flowr will test cultivation systems and techniques using Hawthorne's advanced lighting, fertilization and irrigation systems, growing mediums, and research protocols. In addition, Flowr intends to focus its own research on cannabis genetics and integrated growing systems in line with its goal of delivering premium quality cannabis products through highly efficient cultivation.
"We built Hawthorne to help cultivators of all sizes grow quality plants with high levels of efficiency and consistency. Completing the industry's only dedicated R&D facility gives us a distinct advantage. We will leverage Flowr's cultivation expertise and our technical capabilities into real world testing and results that will make a difference to growers," said Chris Hagedorn, SVP & General Manager of Hawthorne Gardening. "We are proud of this collaboration with Flowr, a leading international cannabis company, with extensive growing experience indoors, in greenhouses and at-scale outdoors. Flowr is also one of a few companies that have had experience growing diverse genetics in different countries. We believe this experience will benefit our companies and the growers we serve."
"The completion of the R&D Center brings our work with Hawthorne fully to life and will help keep both companies on the leading edge of cannabis cultivation for years to come," commented Lance Emanuel, President and Interim Chief Executive Officer of Flowr. "Operationalizing the R&D Center is a major accomplishment for our organization and strengthens our competitive advantage in cultivation. We believe the long-term success of Flowr will be rooted in our ability to maximize the cannabinoid and terpene expression of genetics without sacrificing yield. The work we will do at the R&D Center will help us build upon the success we've had producing high quality, premium cannabis like our award-winning, flagship-strain BC Pink Kush beloved by budtenders and consumers throughout Canada. Leveraging our work at the R&D Center will be imperative to our eventual entry into the United States once federally permissible by law."
The R&D Center is the centerpiece of a strategic R&D partnership formed by Flowr and Hawthorne in March 2018. It brings two of the world's leading experts together to be at the forefront of cannabis cultivation. The operations will be led by Dr. Deron Caplan, the first person in North America to earn a PhD focused on cannabis cultivation and production. Dr. Caplan was awarded his doctorate by the University of Guelph in August 2018 and is Flowr's Director of Research and Development. The R&D Center will be staffed by Flowr's scientists, five of whom have PhDs in various plant biology, plant genetics and plant biochemistry disciplines. Hawthorne R&D will lead the research design and methodology.
All requisite licensing from Health Canada has been obtained by Flowr and the expectation is that the R&D Center will be operating at full capacity in Spring 2021. Research has already begun conducting growing trials at scale using Hawthorne products.
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed973b58-e705-4797-9c77-71ca226d3cf8
Pictured: The Hawthorne R&D Center, from Flowr's Kelowna Campus in British Columbia.
About Hawthorne Gardening Company
Pennystomper55
6年前
More good news,
The company increased its guidance again this year, SCOTTS IS KILLING IT!
The Scotts Miracle-Gro Company SMG has provided an update for its fiscal 2020 view. The company expects net sales and adjusted earnings per share (EPS) to surpass its prior guidance issued in July.
For fiscal 2020 (ending Sep 30, 2020), the company now projects adjusted EPS to be around $7.25 compared with previous guidance of $6.65-$6.85. This is likely to be driven by company-wide sales growth of more than 30%.
Per Scotts Miracle-Gro, the momentum in the U.S. Consumer and Hawthorne segments is exceeding the company’s expectations. Its key business drivers over the past six months have been highly engaged retailer support and strong consumer demand. The company expects the trend to continue into the first quarter of fiscal 2021. Further, it expects lower expenses to act as tailwind next year.
Shares of Scotts Miracle-Gro have rallied 58% in the past year against the industry’s 12.6% decline.