Content about Scotts Miracle-Gro

March 24, 2014

Scotts Miracle-Gro is ushering in the arrival of spring with some resources and products to help the nation's lawns and gardens recover from the harsh winter, the company said.

February 6, 2014

Scotts Miracle-Gro reported an adjusted loss from continuing operations for its first quarter of $65.4 million, which is an improvement of $3.1 million, compared with an adjusted loss of $68.5 million last year. 

Net sales in the three months ended Dec. 28, 2013, totaled $196.4 million, down 5% from $205.8 million during the same quarter a year ago. The company pointed to the timing of pre-season shipments to retailers for the decline.

November 7, 2013

Scotts Miracle-Gro quite literally made up for lost time in the second half of the year, finishing with fiscal year sales essentially flat from the previous year.

The company's full year net sales were $2.82 billion, after a 9% increase in the second half, including a 10% increase in the fourth quarter.

August 7, 2013

Scotts Miracle-Gro reported third-quarter net sales of $1.15 billion, up 9% from $1.05 billion a year ago.

Adjusted income from continuing operations for the third quarter ended June 29 was $153.9 million, up 53% from $100.8 million in the same period from last year. 

August 2, 2013

Scotts Miracle-Gro has a new face on its board of directors. Retired Lieutenant General John Randolph Vines will be the company's newest board member, effective immediately.

June 11, 2013

In advance of the company’s presentation at an investor conference Tuesday, Scotts Miracle-Gro issued a statement pointing to rising sales in the third quarter.

"U.S. consumer purchases for the fiscal third quarter are up 15% through June 9, giving us continued confidence in the earnings guidance we established heading into the year," said CFO Larry Hilsheimer. "Consumer purchases, which were down more than 25% on a fiscal year-to-date basis entering April, are down 4% through June 9."

May 30, 2013

Scotts Miracle-Gro has achieved its goal of removing phosphorus from its Turf Builder brand lawn food maintenance products. The commitment was first announced on World Water Day in 2011 as a partial solution to nutrient runoff that can lead to excessive algae growth in waterways.

May 7, 2013

Sales and net income slip in the second quarter, but Scotts Miracle-Gro has picked up the pace in the third.

Marysville, Ohio-based Scotts Miracle-Gro posted net sales of $1.02 billion in the second quarter ended March 30, down 13% from $1.17 billion a year ago. 

Net income of $100.0 million declined from $127.2 million in the prior-year quarter.

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, the company said. 

May 6, 2013

Radius Garden has announced it is marketing and selling a line of Miracle-Gro Branded Garden Tools under a licensing agreement with Scotts Miracle-Gro.

Radius Garden has announced it is marketing and selling a line of Miracle-Gro Branded Garden Tools under a licensing agreement with Scotts Miracle-Gro.

April 5, 2013

The first Scotts Miracle-Gro branded cutting tools will debut at the National Hardware Show May 7-9.

Acme United Corp. and Scotts Miracle-Gro have formed a licensing partnership to create two new lines of innovative lawn and garden tools, which will enter the home and garden market this May: Scotts AirShoc, aimed at lawn care professionals and serious DIYers; and the Miracle-Gro EnviroLine, developed for home gardeners.

April 1, 2013

Marysville, Ohio-based Scotts Miracle-Gro named Larry Hilsheimer executive VP and chief financial officer, effective immediately.

Marysville, Ohio-based Scotts Miracle-Gro named Larry Hilsheimer executive VP and chief financial officer, effective immediately.

Hilsheimer was executive VP and CFO of Nationwide Mutual Insurance Co., the Columbus, Ohio-based insurance and financial services company, from 2007 through 2009. He then served as president and chief operating officer of Nationwide Direct & Customer Solutions, and most recently was president and chief operating officer of Nationwide Retirement Plans.

February 7, 2013

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago.

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago. 

Sales in the Global Consumer segment in the quarter ended Dec. 29, 2012, were up 3% to $153.2 million, compared with $149.1 million a year ago, attributable to increased volume during the quarter. 

January 28, 2013

Scotts CFO Dave Evans resigned from the lawn and garden giant to join a nonprofit research company.

Marysville, Ohio-based Scotts Miracle-Gro announced that Dave Evans has resigned as chief financial officer and executive VP and has accepted a similar role with Columbus-based Battelle, the world's largest nonprofit research and development organization.

Evans joined Scotts Miracle-Gro as director of finance for operations in 1993 and moved through several roles before being named CFO in 2006.

November 2, 2012

Scotts’ way forward?
The following refers to the article, “Scotts Miracle-Gro names senior VP independent channel.”

October 31, 2012

Scotts Miracle-Gro and the Butts County Development Authority have announced that the Ohio-based company is expanding its operations at its facility in Jackson, Ga.

The expansion will create as many as 10 addition jobs to the existing work force of about 75 associates. The total capital investment to the area by Scotts now totals $6 million.

September 9, 2012

Scotts Miracle-Gro, the nation’s largest supplier of lawn and garden products, has been sentenced to pay a $4 million fine for 11 criminal violations relating to the use of toxic insecticides in its wild bird feed products. The Marysville, Ohio-based company also agreed to  more than $6 million in penalties and $2 million for environmental projects under a settlement that resolves additional civil pesticide violations filed by the Environmental Protection Agency (EPA). 

August 10, 2012

Scotts Miracle-Gro, the industry’s largest supplier of lawn and garden products, reported sales of $1.06 billion for its third fiscal quarter, showing little change from sales of $1.05 billion in the same quarter of 2011.

Adjusted income from continuing operations was $99.4 million in the third quarter,  a 21.5% drop from adjusted income of $126.7 million for the same period a year ago.

June 13, 2012

Marysville, Ohio-based Scotts Miracle-Gro has released a financial update for fiscal 2012 to “reflect the pressures driven by lower-than-expected sales and unfavorable product mix,” according to a company press release.

Consumer purchases of its products at its largest retail partners in the United States are up 3% on a year-to-date basis, compared with 8% entering May. The company expects to fall short of its previous guidance of 6% to 8% sales growth and adjusted earnings of $2.65 to $2.85 per share. 

March 18, 2012

According to an article in the New York Times, Scott the Scot of Scotts Miracle-Gro’s new ad campaign was created to instruct and educate.

The ad campaign comes after the Marysville, Ohio-based lawn care giant expanded its advertising budget to about $135 million, up from about $85 million, according to the article. The character on the commercial, played by a Scottish actor named Phil McKee, provides expert advice in a Scottish accent.

February 7, 2012

Scotts Miracle-Gro reported first-quarter net sales of $211.2 million, an 8% drop over sales of $230.2 million during the prior-year quarter.

Net loss for the industry’s largest lawn and garden supplier was $1.21 million for the first quarter, which ended Dec. 31, 2011. This compares with a net loss of $1.02 million during the first quarter of 2010.

December 7, 2011

Marysville, Ohio-based Scotts Miracle-Gro said Wednesday morning that its first quarter will see a bigger-than-expected loss, but it is maintaining its outlook for the full year.

Sales for the first quarter ending Dec. 31 are expected to decline about $30 million from the same quarter a year ago. The adjusted net loss in the quarter is expected to range from $70 million to $75 million, compared with a net loss of $65.6 million in the prior year.

The $1.20-to-$1.25 per share loss is greater than the $1.13 per share loss expected by Wall Street.

November 8, 2011

Scotts Miracle-Gro, the nation’s largest supplier of lawn and garden products, reported net sales of $417.2 million for its fourth fiscal quarter, a decrease of 1% from sales in the same quarter last year. Sales in the global consumer segment declined 8% to $308 million.

Scotts LawnService reported sales of $83.4 million, an increase of 5% from the comparable quarter in 2010.

October 24, 2011

Marysville, Ohio-based Scotts Miracle-Gro will collaborate with Marrone Bio Innovations (MBI) on research and development in natural plant protection products. 

"We are excited about this new partnership with MBI because we believe it will lead to improved products that enable gardeners who choose natural options to get great results," said Bruce Caldwell, Scotts Miracle-Gro's Global R&D Leader. 

October 10, 2011

Marysville, Ohio-based Scotts Miracle-Gro said it expects to report a 2% decline in sales for fiscal 2011 when it issues its full-year financial results Nov. 8.

The sales shortfall, coupled with associated gross margin pressure, will likely result in adjusted net earnings in a range of approximately $2.70 to $2.75 per share, according to the company. The company had forecast earnings of about $3.00 per share back in August.

September 28, 2011

Orchard Supply Hardware has gone through a lot of changes in its 80-year history, but the California chain — now numbering 89 units with $660.7 million in annual sales — has weathered them all. Changes in ownership, leadership, store design, color scheme and signage have come and gone. But the stores’ customers — known for their exceptional loyalty — have generally stuck with the chain.