ScottsMiracle-Gro Reports Third Quarter Results; Updates Full-Year Outlook Reflecting Accelerated EPS Growth
ScottsMiracle-Gro reported Q3 net sales of $1.17 billion, up 1% year-over-year, with non-GAAP adjusted EPS growing 8% to $2.82 per share despite GAAP headwinds from impairment and restructuring charges. The company raised its full-year adjusted EPS guidance to $4.30-$4.45, citing margin management and a lower tax rate, while improving its net leverage ratio to 3.78x.
Key figures
- Eps
- 2.82
- Revenue
- $1.17 billion
- Guidance
- Non-GAAP adjusted diluted net income per share $4.30 to $4.45
- Revenue Yoy
- 1%
- Gaap eps
- 1.75
- Fcf guidance
- $275 million
- Gross margin gaap
- 31.2%
- Net leverage ratio
- 3.78x
- Gross margin non gaap
- 31.3%
AI analysis
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