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Scotts Miracle-Gro Co (SMG)

SMG on New York Consolidated

87.43USD
24 May 2017
Change (% chg)

$-0.47 (-0.53%)
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$87.90
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Volume
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$98.82
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Latest Key Developments (Source: Significant Developments)

Scotts Miracle-Gro Co, co's unit enters into a master repurchase agreement
Thursday, 13 Apr 2017 04:18pm EDT 

Scotts Miracle-Gro Co : Scotts Miracle-Gro Co - on April 7, 2017, co's unit entered into a master repurchase agreement and a master framework agreement . Scotts Miracle-Gro - under receivables facility, scotts llc may sell a portfolio of available and eligible outstanding customer accounts receivable to purchasers . Scotts Miracle-Gro Co - under receivables facility, scotts llc simultaneously agrees to repurchase receivables on a weekly basis. . Scotts Miracle-Gro Co - eligible accounts receivable consist of up to $250 million in accounts receivable generated by sales to three specified customers . Scotts Miracle-Gro Co - receivables facility is committed up to $100 million during commitment period beginning on april 7, 2017 and ending on June 16, 201 .Scotts Miracle-Gro Co - Scotts Miracle-Gro has guaranteed all of Scotts LLC's obligations under receivables facility..  Full Article

The Scotts Miracle-Gro Company announces expiration and results of exchange offer for 6.000% senior notes due 2023
Thursday, 9 Feb 2017 06:11pm EST 

Scotts Miracle-Gro Co : The Scotts Miracle-Gro Company announces expiration and results of exchange offer for 6.000% senior notes due 2023 .Scotts Miracle-Gro -As of Feb 8, 2017 $400 million aggregate principal amount of original notes validly tendered for exchange and not validly withdrawn.  Full Article

Scotts Miracle-Gro Q1 GAAP loss per share $1.08 from continuing operations
Tuesday, 31 Jan 2017 07:00am EST 

Scotts Miracle-gro Co : Scotts Miracle-Gro reports strong first quarter results; company-wide sales increase 27% due to acquisitions, strong u.s. Demand . Q1 adjusted non-GAAP loss per share $0.96 from continuing operations excluding items . Q1 GAAP loss per share $1.08 from continuing operations . Q1 earnings per share view $-1.25 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up 6 to 7 percent . Q1 sales $246.8 million versus I/B/E/S view $232.9 million . Sees FY 2017 adjusted pro forma earnings per share $4.10 to $4.30 .Fy2017 earnings per share view $4.23 -- Thomson Reuters I/B/E/S.  Full Article

Scotts Miracle-Gro announces commencement of exchange offer
Tuesday, 10 Jan 2017 05:01pm EST 

Scotts Miracle-gro Co : The Scotts Miracle-Gro company announces commencement of exchange offer for 6 percent senior notes due 2023 . Scotts Miracle-Gro -commenced a registered exchange offer to exchange any and all of its $400 million of 6 percent senior notes due 2023 .Scotts Miracle-Gro - Co says exchange offer will expire at 11:59 p.m., New York city time, on February 8, 2017, unless extended by co.  Full Article

Scotts Miracle-Gro - Co, unit entered second amendment to Master Accounts Receivable Purchase agreement
Friday, 26 Aug 2016 12:13pm EDT 

Scotts Miracle-Gro Co : Scotts Miracle-Gro Co - Co, unit entered second amendment to amended,restated Master Accounts Receivable Purchase agreement, dated as of Sept 25, 2015 . Says amendment extends the stated termination date of agreement through October 14, 2016 - SEC Filing Source - http://bit.ly/2bFNAYF Further company coverage: [SMG.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Scotts Miracle-Gro quarterly earnings per share $3.44
Wednesday, 3 Aug 2016 07:00am EDT 

Scotts Miracle-Gro Co : quarterly earnings per share $3.44 . quarterly earnings per share from continuing operations $2.06 . Q3 earnings per share view $2.12, revenue view $1.05 billion -- Thomson Reuters I/B/E/S . full-year EPS guidance range re-affirmed . quarterly dividend increases 6 percent to $0.50 per share . quarterly net sales $994.1 million versus $1,111 million . company now expects full-year sales growth of roughly 2 percent, most of which will be driven by acquisitions . signed a definitive agreement to acquire Botanicare; terms of transaction are not being disclosed . once transaction closes, company anticipates that Hawthorne will become its own reporting segment . sees 2016 pro forma adjusted earnings will likely be on bottom of current guidance range of $3.75 to $3.95 per share .FY2016 earnings per share view $3.85, revenue view $2.87 billion -- Thomson Reuters I/B/E/S.  Full Article

Scotts Miracle-Gro Co reaffirms FY 2016 EPS guidance
Tuesday, 3 May 2016 07:00am EDT 

Scotts Miracle-Gro Co:Reaffirms FY 2016 EPS guidance.Expects FY 2016 adjusted earnings per share to be in a range of $3.75 to $3.95 per share.  Full Article

Scotts Miracle-Gro Co reaffirms FY 2016 Guidance
Tuesday, 2 Feb 2016 07:00am EST 

Scotts Miracle-Gro Co:Reaffirms FY 2016 guidance.Expects FY 2016 company-wide net sales to increase by about 4 to 5 percent.Expects FY 2016 adjusted earnings per share to be in a range of $3.75 to $3.95 per share.  Full Article

Scotts Miracle-Gro Co announces quarterly dividend payment
Thursday, 28 Jan 2016 04:20pm EST 

Scotts Miracle-Gro Co:Board of Directors has approved the payment of a cash dividend of $0.47 per share.Second quarter dividend is payable on March 10.Record date as of February 25.  Full Article

Scotts Miracle-Gro Co announces joint venture and other strategic initiatives as part of multi-year plan
Thursday, 10 Dec 2015 10:00am EST 

Scotts Miracle-Gro Co:Scottsmiracle-gro announces joint venture and other strategic initiatives as part of multi-year plan to invest behind North American growth platforms.Company exploring strategic alternatives for European business, including possible joint venture.Says approximately $100 million in share repurchase activity planned during fiscal 2016.Approximately $100 million in share repurchase activity planned during fiscal 2016.Company refines fiscal 2016 outlook; re-affirms adjusted EPS guidance of $3.75 to $3.95.Expects to make a significant investment in the live goods industry during the next 90 days.Portion of proceeds are being contemplated for a potential joint venture for the company's European consumer busines.Expects to make a significant investment in the live goods industry during the next 90 days".To receive a cash distribution from jv of about $200 million and plans to use proceeds to fund other strategic investments.Says entered a definitive agreement to contribute Scotts lawnservice in a joint venture with trugreen holdings inc.At closing of the transaction, scottsmiracle-gro will own an equity stake of approximately 30 percent in the combined business.Says david alexander, trugreen's chief executive officer, will lead the combined company.  Full Article

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BRIEF-Scotts Miracle-Gro Co, co's unit enters into a master repurchase agreement

* Scotts Miracle-Gro Co - on April 7, 2017, co's unit entered into a master repurchase agreement and a master framework agreement