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Recent Updates — SMG

September 15, 2026View Source ↗

The Scotts Miracle-Gro Company redeemed all $250 million aggregate principal amount of its outstanding 5.250% Senior Notes due 2026 on September 11, 2026, at par plus accrued interest. The company also renewed a $750 million accounts receivable facility with JPMorgan Chase Bank, N.A., extending maturity to August 31, 2027. Additionally, Scotts executed $25 million in share repurchases during August, initiating a new $500 million program authorized by the Board. The company reaffirmed its Fiscal 2026 guidance, targeting $275 million in free cash flow and non-GAAP adjusted net income per share of $4.30 to $4.45. The Scotts Miracle-Gro Company is a marketer of branded consumer lawn and garden products.

September 11, 2026View Source ↗

On September 8, 2026, Adam Hanft notified The Scotts Miracle-Gro Company of his immediate retirement from the Board of Directors. As a Class III director, Hanft’s term was scheduled to expire at the 2028 Annual Meeting of Shareholders. Despite leaving the board, the company will maintain its consulting relationship with Hanft Ideas LLC, where Mr. Hanft serves as principal and CEO. The Scotts Miracle-Gro Company manufactures and markets lawn care, gardening, and outdoor living products.

September 3, 2026View Source ↗

The Scotts Miracle-Gro Company announced that Christopher J. Hagedorn will depart his position as Executive Vice President and Chief Strategy Officer, effective September 30, 2026. This executive departure is a material event for investors. The company operates in the consumer lawn and garden care industry.

July 29, 2026View Source ↗

The Scotts Miracle-Gro Company reported third-quarter results for the period ended June 27, 2026, and updated its full-year financial outlook. Net sales increased 1% to $1.17 billion, while non-GAAP adjusted diluted EPS from continuing operations rose 8% to $2.82 per share. The company raised its full-year non-GAAP adjusted EPS guidance to a range of $4.30 to $4.45, up from the previous estimate of $4.15 to $4.35. GAAP diluted EPS declined 34% to $1.75 due to impairment and restructuring charges totaling approximately $48 million in the quarter. The filing also notes that Hagedorn Partnership supports CEO Nate Baxter following the transition from founder Jim Hagedorn. The Scotts Miracle-Gro Company operates as a marketer of branded consumer lawn and garden products.

July 1, 2026View Source ↗

The Scotts Miracle-Gro Company announced a leadership transition involving the appointment of Nathan E. Baxter as President & CEO, effective June 26, 2026. James Hagedorn, who served as CEO since 2001, resigned from the Board and the CEO role. Peter Shumlin was elected as Chairman of the Board. Nathan E. Baxter's compensation package includes a $1,100,000 annual base salary and a $5,250,000 annual target under the Long Term Incentive Plan. James Hagedorn's separation agreement includes a payments totaling $17,400,000 (reduced by pension benefits) paid over twelve months, plus additional transition support. The Scotts Miracle-Gro Company operates in the consumer goods industry, providing lawn and garden products. }