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Mar 30, 2024
Scotts Q2 2024 Earnings Report
ScottsMiracle-Gro's second quarter results were reported, revealing strong execution in the first half of 2024, putting the company on track for full-year targets.
Key Takeaways
ScottsMiracle-Gro reported approximately flat total company sales at $1.53 billion. The U.S. Consumer net sales increased by 2% to $1.38 billion, equaling a record high. The company reaffirms its previously announced non-GAAP fiscal 2024 guidance.
First half 2024 execution has Company on pace for full-year targets
U.S. Consumer second quarter net sales of $1.38B equal record high
Q2 2024 GAAP EPS of $2.74; non-GAAP Adjusted EPS of $3.69 are ahead of plan
Teams driving consumer engagement in Q3 representing 60 percent of seasonal POS
Scotts
Scotts
Scotts Revenue by Segment
Revenue by Segment
U.S. Consumer Segment Revenue
CapyFin.comHawthorne Segment Revenue
CapyFin.comOther Segment Revenue
CapyFin.com Forward Guidance
The Company reaffirms its previously announced non-GAAP fiscal 2024 guidance. The Company’s primary objective remains restoring a strong balance sheet with meaningful improvements in leverage and working capital by generating $575 million of adjusted EBITDA and free cash flow of $560 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income