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Scotts Miracle-Gro (SMG)

With approximately $4.1 billion in sales, the Company is one of the world's largest marketers of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories. The Company's wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment.

Company profile

Ticker
SMG
Exchange
CEO
James Hagedorn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SCOTTS COMPANY
SEC CIK
Subsidiaries
1868 Ventures LLC • Swiss Farms Products, Inc. • GenSource, Inc. • OMS Investments, Inc. • Scotts Temecula Operations, LLC • Sanford Scientific, Inc. • Scotts Global Services, Inc. • Scotts Live Goods Holdings, Inc. • Scotts Manufacturing Company • Miracle-Gro Lawn Products, Inc. ...
IRS number
311414921

SMG stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 22
29 Jun 22
30 Sep 22
Quarter (USD) Apr 22 Jan 22 Sep 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 17.1M 17.1M 17.1M 17.1M 17.1M 17.1M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 125.83M 14.27M
Cash used (since last report) n/a n/a n/a n/a 365.08M 41.39M
Cash remaining n/a n/a n/a n/a -347.98M -24.29M
Runway (months of cash) n/a n/a n/a n/a -2.8 -1.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jun 22 Stump Denise Phantom Stock Common Shares Grant Acquire A No No 83.03 118.582 9.85K 12,040.366
27 Jun 22 Hagedorn James Phantom Stock Common Shares Grant Acquire A No No 83.03 1,088.014 90.34K 156,025.228
10 Jun 22 Brian E Sandoval Common Shares Grant Acquire A No No 89.88 1,363 122.51K 1,363
10 Jun 22 King James D Phantom Stock Common Shares Grant Acquire A No No 92.701 1.918 177.8 271.308
64.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 495 538 -8.0%
Opened positions 52 117 -55.6%
Closed positions 95 73 +30.1%
Increased positions 197 182 +8.2%
Reduced positions 155 144 +7.6%
13F shares Current Prev Q Change
Total value 4.42B 6.12B -27.9%
Total shares 35.92M 34.54M +4.0%
Total puts 344.7K 323K +6.7%
Total calls 309.4K 386.61K -20.0%
Total put/call ratio 1.1 0.8 +33.3%
Largest owners Shares Value Change
Kayne Anderson Rudnick Investment Management 5.13M $630.61M +3.8%
Vanguard 4.16M $511.5M +0.3%
BLK Blackrock 3.55M $436.1M +1.2%
First Eagle Investment Management 1.76M $215.92M +49.1%
Earnest Partners 1.36M $167.67M +1.7%
TROW T. Rowe Price 1.31M $161.49M +463.3%
MCQEF Macquarie 1.18M $145.2M +4.9%
STT State Street 1.17M $143.25M +5.9%
WFC Wells Fargo & Co. 954.91K $117.42M +43.3%
Massachusetts Financial Services 757.22K $93.11M -7.6%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 1.31M +1.08M +463.3%
First Eagle Investment Management 1.76M +578.32K +49.1%
FHI Federated Hermes 5.57K -372.54K -98.5%
Norges Bank 0 -342.32K EXIT
Marshall Wace 0 -327.53K EXIT
WFC Wells Fargo & Co. 954.91K +288.68K +43.3%
Raymond James & Associates 311.69K -231.95K -42.7%
Kayne Anderson Rudnick Investment Management 5.13M +186.35K +3.8%
Clark Capital Management 0 -167.08K EXIT
Lateef Investment Management 144.25K +144.25K NEW

Financial report summary

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Competition
QSAM Biosciences
Risks
  • The effects of the ongoing coronavirus (COVID-19) pandemic and any possible recurrence of other similar types of pandemics, or any other widespread public health emergencies, could have a material adverse effect on our business, results of operations, financial condition and/or cash flows.
  • If we underestimate or overestimate demand for our products and do not maintain appropriate inventory levels, our net sales and/or working capital could be negatively impacted.
  • If we are unable to effectively execute our e-commerce business, our reputation and operating results may be harmed.
  • We may not successfully develop new product lines and products or improve existing product lines and products.
  • Our marketing activities may not be successful.
  • The highly competitive nature of our markets could adversely affect our ability to maintain or grow revenues.
  • Because of the concentration of our sales to a small number of retail customers, the loss of one or more of, or a significant reduction in orders from, our top customers could adversely affect our financial results.
  • Our manufacturing operations, including our reliance on third-party manufacturers, could harm our business.
  • Our business is subject to risks associated with sourcing and manufacturing outside of the U.S. and risks from tariffs and/or international trade wars.
  • Our reliance on a limited base of suppliers may result in disruptions to our business and adversely affect our financial results.
  • A significant interruption in the operation of our or our suppliers’ facilities could impact our capacity to produce products and service our customers, which could adversely affect revenues and earnings.
  • Disruptions to transportation channels that we use to distribute our products may adversely affect our margins and profitability.
  • Our business could be negatively impacted by corporate citizenship and ESG matters and/or our reporting of such matters.
  • Certain of our products may be purchased for use in new and emerging industries or segments and/or be subject to varying, inconsistent, and rapidly changing laws, regulations, administrative practices, enforcement approaches, judicial interpretations, and consumer perceptions.
  • Our operations may be impaired if our information technology systems fail to perform adequately or if we are the subject of a data breach or cyber attack.
  • Climate change and unfavorable weather conditions could adversely impact financial results.
  • Disruptions in availability or increases in the prices of raw materials or fuel could adversely affect our results of operations.
  • Our international operations make us susceptible to the costs and risks associated with operating internationally.
  • We may not be able to adequately protect our intellectual property and other proprietary rights that are material to our business.
  • Our success depends upon the retention and availability of key personnel and the effective succession of senior management.
  • We are involved in a number of legal proceedings and, while we cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes could adversely affect our business, financial condition, results of operations and cash flows.
  • Acquisitions, other strategic alliances and investments could result in operating difficulties, dilution, and other harmful consequences that may adversely impact our business and results of operations.
  • A failure to dispose of assets or businesses in a timely manner may cause the results of the Company to suffer.
  • Our lending activities may adversely impact our business and results of operations.
  • Our indebtedness could limit our flexibility and adversely affect our financial condition.
  • Changes in credit ratings issued by nationally recognized statistical rating organizations (NRSROs) could adversely affect our cost of financing and the market price of our 5.250% Senior Notes, 4.500% Senior Notes, 4.000% Senior Notes and 4.375% Senior Notes.
  • Uncertainty regarding the LIBOR replacement process and expected discontinuance of LIBOR may adversely impact our current or future debt obligations, including under our credit facility and certain hedging arrangements.
  • Our hedging arrangements expose us to certain counterparty risks.
  • Our postretirement-related costs and funding requirements could increase as a result of volatility in the financial markets, changes in interest rates and actuarial assumptions.
  • Compliance with environmental and other public health regulations or changes in such regulations or regulatory enforcement priorities could increase our costs of doing business or limit our ability to market all of our products.
  • Unanticipated changes in our tax provisions, the adoption of new tax legislation or exposure to additional tax liabilities could affect our profitability and cash flows.
  • Hagedorn Partnership, L.P. beneficially owns approximately 26% of our Common Shares and can significantly influence decisions that require the approval of shareholders.
  • While we have, over the past few years, increased the rate of cash dividends on, and engaged in repurchases of, our Common Shares, any future decisions to reduce or discontinue paying cash dividends to our shareholders or repurchasing our Common Shares pursuant to our previously announced repurchase program could cause the market price for our Common Shares to decline.
Management Discussion
  • The sum of the components may not equal due to rounding.
  • The sum of the components may not equal due to rounding.
  • Net sales for the three months ended April 2, 2022 were $1,678.4, a decrease of 8.2% from net sales of $1,828.8 for the three months ended April 3, 2021. Net sales for the six months ended April 2, 2022 were $2,244.3, a decrease of 12.9% from net sales of $2,577.4 for the six months ended April 3, 2021. These changes in net sales were attributable to the following:

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accrual, Alternate, annum, assembly, bps, California, complex, conflict, cultivation, Cyco, experienced, factor, failure, frequently, heightened, inflationary, mitigate, move, negative, negatively, oversupply, perfected, persist, preliminary, PTY, recently, return, Rosa, Russia, Santa, select, separate, single, SOFR, Sterling, Swingline, test, testing, Ukraine, unchanged, war, warranty
Removed: detail, effort, resin

Patents

Utility
Compounds and Methods for Repelling Blood-feeding Arthropods and Deterring Their Landing and Feeding
21 Oct 21
This invention relates to a group of compounds for repelling blood-feeding ectoparasitic arthropods, and a method of deterring their landing and feeding on animals including humans, by applying in one or more formulations compounds that incorporate one or more sulfide and one or more hydroxyl groups to the skin, clothing or environment of animals, including humans.
Utility
Compounds and methods for repelling blood-feeding arthropods and deterring their landing and feeding
23 Nov 20
This invention relates to a group of compounds for repelling blood-feeding ectoparasitic arthropods, and a method of deterring their landing and feeding on animals including humans, by applying in one or more formulations compounds that incorporate one or more sulfide and one or more hydroxyl groups to the skin, clothing or environment of animals, including humans.
Utility
an Insect Trap
20 May 20
An insect trap may include a first housing; a reservoir at least partially defined by the first housing; a protrusion disposed within the reservoir and extending inward from an interior surface of the first housing, the protrusion configured to pierce a package disposed within the reservoir; an actuator connected to the protrusion such that when the actuator is moved, the protrusion moves with the actuator within the reservoir; a second housing moveably engaging the first housing; a trap chamber partially formed by the first and second housings; an inlet into the trap chamber; and wherein the second housing is movable between a first position where the inlet is open and a second position where the inlet is closed.