Last $59.53 USD
Change Today +0.85 / 1.45%
Volume 384.0K
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

scotts miracle-gro co-cl a (SMG) Key Developments

The Scotts Miracle-Gro Company Declares Special One-Time Cash Dividend and Recurring Quarterly Dividend, Payable on September 17, 2014 and September 10, 2014, Respectively

The Scotts Miracle-Gro Company's board of directors has approved a special one-time cash dividend of $2 per share on the company's common shares. The special one-time dividend of $2 per share is payable on September 17, 2014 to shareholders of record as of September 3, 2014. The company also announced that 3% increase in the company's recurring quarterly dividend to $0.45 per share. The fourth quarter dividend of $0.45 per share is payable on September 10, 2014 to shareholders of record as of August 27, 2014.

The Scotts Miracle-Gro Company Announces Appointment of Michelle A. Johnson to Board of Directors

The Scotts Miracle-Gro Company announced that Michelle A. Johnson has been named to its Board of Directors, effective immediately. Johnson is the CEO of StudentsFirst, which she founded in 2010. She is also the former chancellor of the District of Columbia Public Schools. Johnson currently serves on the board of The Broad Center for the Management of School Systems. Johnson will serve on the company's Compensation and Organization and Innovation and Marketing Committees, with a term that expires in 2015.

The Scotts Miracle-Gro Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 28, 2014; Provides Earnings Guidance for the Full Year 2014

The Scotts Miracle-Gro Company reported unaudited consolidated earnings results for the third quarter and nine months ended June 28, 2014. For the quarter, the company’s net sales were $1,116.4 million compared with $1,137.1 million a year ago. Income from operations was $200.9 million compared to $249.0 million a year ago. Income from continuing operations before income taxes was $188.1 million compared to $232.2 million a year ago. Income from continuing operations was $120.7 million or $1.93 per diluted share compared to $147.7 million or $2.36 per diluted share a year ago. Net income was $121.7 million or $1.95 per diluted share compared to $148.2 million or $2.37 per diluted share a year ago. Adjusted income from continuing operations was $146.0 million or $2.34 per diluted share compared to $153.4 million or $2.45 per diluted share for the same period a year ago. Adjusted EBITDA was $252.3 million compared to $266.4 million a year ago. For the nine months, the company’s net sales were $2,387.0 million compared with $2,340.1 million a year ago. Income from operations was $328.3 million compared to $329.0 million a year ago. Income from continuing operations before income taxes was $278.9 million compared to $281.1 million a year ago. Income from continuing operations was $180.6 million or $2.88 per diluted share compared to $178.6 million or $2.86 per diluted share a year ago. Net income was $181.7 million or $2.90 per diluted share compared to $180.5 million or $2.89 per diluted share a year ago. Adjusted income from continuing operations was $217.1 million or $3.46 per diluted share compared to $184.3 million or $2.95 per diluted share a year ago. Adjusted EBITDA was $412.0 million compared to $381.3 million a year ago. The company provided earnings guidance for the full year 2014. For the year, the company announced stronger-than-expected sales trends since June will likely result in a 1% to 2% year-over-year net sales increase for the year, which is slightly better than what management communicated earlier in the third quarter. The company anticipates an improvement in adjusted gross margin rate of approximately 100 basis points. The company expects the full year interest expense to be roughly $48 million and effective tax rate to be 35.2%.

The Scotts Miracle-Gro Company, Q3 2014 Earnings Call, Aug 05, 2014

The Scotts Miracle-Gro Company, Q3 2014 Earnings Call, Aug 05, 2014

The Scotts Miracle-Gro Company to Report Q3, 2014 Results on Aug 05, 2014

The Scotts Miracle-Gro Company announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SMG:US $59.53 USD +0.85

SMG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for SMG.
View Industry Companies
 

Industry Analysis

SMG

Industry Average

Valuation SMG Industry Range
No financial data is available for SMG.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SCOTTS MIRACLE-GRO CO-CL A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.