scotts miracle-gro co-cl a
(SMG:New York)
scotts miracle-gro co-cl a (SMG) Snapshot
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Open
$48.83
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Previous Close
$48.65
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Day High
$48.87
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Day Low
$48.14
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52 Week High
05/15/13 - $49.11
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52 Week Low
06/13/12 - $35.49
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Market Cap
3.0B
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Average Volume 10 Days
525.8K
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EPS TTM
$1.46
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Shares Outstanding
61.6M
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EX-Date
05/23/13
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P/E TM
33.3x
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Dividend
$1.30
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Dividend Yield
2.62%
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Related News
scotts miracle-gro co-cl a (SMG) Related Businessweek News
No Related Businessweek News Foundscotts miracle-gro co-cl a (SMG) Details
The Scotts Miracle-Gro Company engages in manufacturing, marketing, and selling consumer lawn and garden care products. The company’s Global Consumer segment provides lawn care products, such as fertilizers, grass seeds, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; gardening and landscape products, including a line of water soluble and continuous-release plant foods, potting mixes, garden soils, mulch and decorative groundcover products, landscape weed prevention products, plant-related pest and disease control products, wild bird food and bird feeder products, and organic garden products; and home protection products comprising insect control and rodenticide products, and selective and non-selective weed control products. This segment offers its products primarily under the Scotts, Turf Builder, EZ Seed, Water Smart, PatchMaster, Lawn Pro, GrubEx, EverGreen, Fertiligène, Substral, Miracle-Gro, Weedol, Pathclear, KB, Celaflor, EdgeGuard, Snap, AccuGreen, Handy Green II, Osmocote, Shake ‘N Feed, Scotts, Hyponex, Earthgro, SuperSoil, Ortho, Morning Song, Country Pride, Whitney Farms, ASEF, Morning Melodies, Carre Vert, Weed B Gon, Roundup, Groundclear, Nexa Lotte, and Home Defence brands. Its Scotts LawnService segment provides residential and commercial lawn care, tree and shrub care, and limited pest control services through the periodic applications of fertilizer and control products. As of September 30, 2012, this segment had 84 company-operated locations; and 90 independent franchisees operated locations. The company sells its consumer products primarily to home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, and food and drug stores through a direct sales force, as well as through its network of brokers and distributors worldwide. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.
scotts miracle-gro co-cl a (SMG) Top Compensated Officers
scotts miracle-gro co-cl a (SMG) Key Developments
The Scotts Miracle-Gro Company announced that its Board of Directors has approved the payment of a cash dividend of $0.325 per share. The dividend is payable on June 10, 2013, to shareholders of record on May 28, 2013.
The Scotts Miracle-Gro Company announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the period, the company reported net sales of $1,019.6 million against $1,170.4 million a year ago. Income from operations was $173.1 million against $217.1 million a year ago. Income from continuing operations before income taxes $155.2 million against $199.2 million a year ago. Income from continuing operations was $99.9 million against $126.5 million a year ago. Net income was $100.0 million against $127.2 million a year ago. Diluted loss per common share from continuing operations was $1.11 against $1.20 a year ago. Diluted income per common share was $1.60 against $2.04 a year ago. Adjusted income from continuing operations was $100.1 million against $132.3 million a year ago. The year-over-year decline primarily was attributable to a significant delay in the start of the lawn and garden season in nearly all North American and European markets due to a colder than normal March. Adjusted diluted loss per share from continuing operations was $1.60 against $2.13 a year ago. Adjusted EBITDA was $189.3 million against $236.7 million a year ago. For the Six Months Ended March 31, 2013, the company reported net sales of $1,225.4 million against $1,370.0 million a year ago. Income from operations was $81.2 million against $118.1 million a year ago. Income from continuing operations before income taxes $50.1 million against $84.9 million a year ago. Income from continuing operations was $31.6 million against $53.4 million a year ago. Net income was $32.3 million against $53.3 million a year ago. Diluted loss per common share from continuing operations was $1.11 against $1.20 a year ago. Diluted income per common share was $0.51 against $0.86 a year ago. Adjusted income from continuing operations was $31.6 million against $60.8 million a year ago. Adjusted diluted loss per share from continuing operations was $0.51 against $0.98 a year ago. Adjusted EBITDA was $114.2 million against $152.1 million a year ago. The company reaffirmed its expectations for fiscal 2013 adjusted earnings per share from continuing operations in the range of $2.50 to $2.75. In addition to improving sales trends during the second half of the year, the company continues to expect strong improvement in gross margin during that period. Cost-out initiatives remain on schedule, and price increases should also be accretive to the gross margin rate due to continued strong management of commodity costs. The company also reiterated expectations for operating cash flow of at least $250 million in fiscal 2013 due to strong operating results, improvements in working capital and one-time tax benefits.
The Scotts Miracle-Gro Company, Q2 2013 Earnings Call, May 06, 2013
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Industry Analysis
SMG
Industry Average
| Valuation | SMG | Industry Range |
| Price/Earnings | 33.2x |
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| Price/Sales | 1.1x |
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| Price/Book | 4.9x |
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| Price/Cash Flow | 35.1x |
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| TEV/Sales | 0.6x |
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Post a JobJobs
- Marysville, OH | Scottsmiracle-gro CompanyPosted: May 19
- Columbus, OH | Scotts Miracle-gro CompanyPosted: May 19
- Columbus, OH | Scotts Miracle-gro CompanyPosted: May 17
- Marysville, OH | Scottsmiracle-gro CompanyPosted: May 19
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To contact SCOTTS MIRACLE-GRO CO-CL A, please visit www.scotts.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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