Delivered on our FY26 targets and continue to drive SMG 2.0 for profitable growth.
▪️EPS +18 percent | FCF $278M
▪️Exercised purchase option for Black Kow to scale nationally
FY27 Guidance:
▪️Net sales growth of 2 to 4%
▪️Free cash flow $275M
Investing in what matters most.
@Sonderling47@USDOL Thank you for visiting us in Temecula, @Sonderling47! We believe growth doesn't stop in the dirt. It’s in our people. By investing in our associates and local students, we are building a workforce equipped to lead our Temecula hub and shape the future of American manufacturing.
We just opened our first new growing media facility in nine years in Lochbuie, Colorado. The 66,000-square-foot site is a cornerstone in our SMG 2.0 growth strategy.
This facility underscores our commitment to local sourcing and keeping operations close to our retail customers.
Our new distribution center in Glendale, Arizona, incorporates lessons learned from our network optimization efforts with SMG 2.0. Upgraded systems improve efficiency and fulfillment times. In fact, we can now reach 91% of our customers in the West within two transit days.
There is a unique joy in these late-summer days, and it's the perfect opportunity to step outside, gather with our family and friends and savor what we’ve grown.
Together, we’re caring for the spaces that care for us. 🌞 🌺 🌻
We’re proud to be recognized for our partnership with the National Park Service to help maintain the historic South Lawn with a donation of Scotts custom grass seed, lawn food and expert guidance from our R&D scientists. 🇺🇸
A 158-year-old company doesn't make it to the next century by standing still. Nate Baxter has stepped into his role as our new CEO. Among his initial priorities is acceleration of our multi-year SMG 2.0 growth strategy.
Read more at Dow Jones Newswires: https://t.co/bd7HKF0oai
“We’re at a pivotal moment in the lawn and garden industry,” says President and CEO Nate Baxter.
On @NYSE Live, he tells Ashley Mastronardi (@Ash_TV) how our 158-years of expertise is evolving to serve the next generation of consumers: https://t.co/TOEMsGTMW0
How do you fix the White House lawn after a massive UFC event? Every great fight has a great recovery. 🏛️🌱
In celebration of America’s 250th anniversary, ScottsMiracle-Gro is proud to help restore the White House South Lawn this fall.
Stay tuned for the full transformation.
[ B2YB @Scotts_MGro ]
“It has been an honor to be part of this company for most of my life," Jim said. "Nate is ready to take over the reins. He has established himself as the leader ScottsMiracle-Gro needs as it transforms for the future."
The Board of Directors has named Nate Baxter as president and CEO of ScottsMiracle-Gro. He succeeds Jim Hagedorn, who is transitioning from the company after a nearly 40-year career.
Through strategic brand acquisitions such as Ortho and Tomcat and key growth initiatives like our joint venture with Bonnie Plants, Jim built SMG into the market leader it is today. He served as CEO since 2001 and chairman since 2003.