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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.
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 will outline its expectations for fiscal 2025 during today’s call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income