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Sep 30, 2024
Scotts Q4 2024 Earnings Report
ScottsMiracle-Gro reported an increase in net sales and a reduced net loss compared to the previous year.
Key Takeaways
ScottsMiracle-Gro reported an 11% increase in total company net sales for the fourth quarter, driven by a 54% increase in U.S. Consumer net sales. However, Hawthorne segment sales decreased by 46%. The company reported a GAAP net loss of $244.0 million, an improvement from the prior year's loss of $468.4 million.
U.S. Consumer fiscal 2024 sales up 6 percent in line with guidance; POS units up 9 percent year-over-year.
Company exceeds free cash flow target of $1 billion over two years through fiscal 2024; Net leverage at 4.86x.
Non-GAAP adjusted EBITDA of $510 million at high end of guidance range when excluding $29 million of one-time charges.
U.S. Consumer net sales increased 54 percent to $309.7 million from $201.0 million in the same period last year.
Revenue by Segment
Forward Guidance
The Company will outline its expectations for fiscal 2025 during today’s call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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