THE SCOTTS MIRACLE-GRO COMPANY

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Delayed Nyse  -  04:00 2022-08-08 pm EDT
82.77 USD   +2.50%
08/04UBS Adjusts Scotts Miracle-Gro Company Price Target to $86 From $92, Maintains Neutral Rating
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08/04Raymond James Cuts Scotts Miracle-Gro Company's Price Target to $100 From $110, Reiterates Strong Buy Rating
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08/03TRANSCRIPT : The Scotts Miracle-Gro Company, Q3 2022 Earnings Call, Aug 03, 2022
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Scotts Miracle Gro : Giving waste a new life, locally

06/28/2022 | 02:02pm EDT
June 28, 2022
2 minute read

9 billion pounds of green waste recycled per year.

Leaves, grass clippings, tree trimmings get used again to help people grow flowers and plants.

Instead of taking up valuable landfill space and contributing to methane emissions, these waste products re-enter the growing cycle as soils, growing amendments and mulches, all an important contribution to the circular economy.

[Link]

We have long embraced our unique ability to support circularity and benefit our environment. As the leading recycler of compost in North America, we redirect green waste into our products. This prevents green waste, such as grass and tree trimmings, waste from commercial landscaping, tree cultivation and agriculture, from ending up in landfills.

Not only does our company recycle roughly 9 billion pounds of green waste each year, but we do it locally. Over the past nine years, our growing media procurement team has developed a network of hundreds of local suppliers across North America. This network of many small and medium-sized businesses provides the raw ingredients for our growing media products.

This "growing local" strategy reduces costs and emissions associated with shipping heavy organic materials over long distances and contributes to high-quality product blends that meet the needs of each area. Because we operate dozens of growing media facilities across North America, a bag of our soil is sourced, produced and used within a 120-mile radius on average.

So the next time you use our soil in a garden in your own backyard, you'll know it was likely produced a lot closer than you might think.

For more on our environmental efforts, read our full 2022 Corporate Responsibility Report.

Disclaimer

The Scotts Miracle-Gro Company published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 18:01:04 UTC.


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All news about THE SCOTTS MIRACLE-GRO COMPANY
08/04UBS Adjusts Scotts Miracle-Gro Company Price Target to $86 From $92, Maintains Neutral ..
MT
08/04Raymond James Cuts Scotts Miracle-Gro Company's Price Target to $100 From $110, Reitera..
MT
08/03TRANSCRIPT : The Scotts Miracle-Gro Company, Q3 2022 Earnings Call, Aug 03, 2022
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08/03Scotts Miracle-Gro Logs Lower Fiscal Q3 Adjusted EPS, Net Sales; Cuts 2022 Adjusted EPS..
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08/03SCOTTS : Fiscal Q3 Earnings Snapshot
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08/03Earnings Flash (SMG) SCOTTS MIRACLE-GRO COMPANY (THE) Reports Q3 Revenue $1.19B
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08/03Earnings Flash (SMG) SCOTTS MIRACLE-GRO COMPANY (THE) Posts Q3 EPS $1.98
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08/03ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springb..
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08/03ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springb..
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Financials (USD)
Sales 2022 3 950 M - -
Net income 2022 -334 M - -
Net Debt 2022 2 822 M - -
P/E ratio 2022 -14,0x
Yield 2022 3,27%
Capitalization 4 585 M 4 585 M -
EV / Sales 2022 1,87x
EV / Sales 2023 1,68x
Nbr of Employees 7 300
Free-Float 58,8%
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Number of Analysts 11
Last Close Price 82,77 $
Average target price 95,11 $
Spread / Average Target 14,9%
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Managers and Directors
James Hagedorn Chief Executive Officer & Director
Michael C. Lukemire President & Chief Operating Officer
Cory J. Miller Chief Financial Officer & Executive Vice President
Dave Swihart Head-Global Technology & Operations
Ivan C. Smith Secretary, Chief Compliance Officer & Executive VP
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