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Scotts Miracle-Gro SMG Q3 2024 earnings

Reported July 31, 2024 · Before market open

Revenue$1.2BBeat by $4.5M
EPS$2.31Beat by $0.38
Revenue estimate$1.2B
EPS estimate$1.93

Next report

Date not yet announced

Financials

Q3 2024

Income statement

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Revenue$1.2B+7.5%
Gross profit$351.6M+47.4%
Operating income$200.1M+159%
Net income$132.1M+202%
EPS (diluted)$2.28+196%

Balance sheet

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Cash & equivalents$279.9M+922%
Total debt$2.8B-17.1%
Total equity-$146.2M-208%
Total assets$3.5B-21.7%

Cash flow

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Operating cash flow$588.0M+4.5%
CapEx$13.2M-40.0%
Free cash flow$574.8M+6.3%

Valuation & ratios

Valuation

as of 06/29/24
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Market cap$3.7B+4.9%
Enterprise value$6.23B-9.6%
P/S1.1×+0.1×

Profitability

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Gross margin26.9%+2.6pp
Operating margin0.3%-0.2pp
Net margin-7.4%-132pp
FCF margin28.4%

Returns & leverage

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Current ratio1.8×+0.1×

Segments

By product

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Growing media and mulch$568.5M+2.8%
Lawn care$243.4M+20.5%
Controls$134.5M+18.3%
Other, primarily gardening$57.4M+6.1%
Growing media$56.1M-8.9%

By segment

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Other non-reportable operating segment$117.0M+7.4%

Versus estimates

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Questions, answered.

When did Scotts Miracle-Gro report Q3 2024 earnings?
Scotts Miracle-Gro (SMG) reported Q3 2024 earnings on July 31, 2024 before market open.
What were Scotts Miracle-Gro's Q3 2024 revenue and EPS?
Scotts Miracle-Gro reported revenue of $1.2B and eps of $2.31 for Q3 2024.
Did Scotts Miracle-Gro beat estimates in Q3 2024?
Revenue beat the consensus estimate of $1.2B by $4.5M. EPS beat the consensus estimate of $1.93 by $0.38.
Where can I find Scotts Miracle-Gro's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001546380-24-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.