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Scotts Miracle-Gro Reaffirms FY Adjusted EPS Of $4.30-$4.45; Timing And Scale Of Future Share Buybacks Remain Secondary To The Company’s Commitment To Ongoing Debt Reduction And Will Be Subject To Market Conditions And Other Factors Determined By Management

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  1. Na

    ScottsMiracle-Gro Advances Debt Reduction and Capital Allocation

    ScottsMiracle-Gro (SMG) redeemed $250 million in senior notes, renewed a $750 million receivables facility, and initiated a $500 million share repurchase program with $25 million repurchased in August 2026. The company achieved its $275 million free cash flow target and expects to reduce leverage to the high-3x range, reaffirming fiscal 2026 guidance while focusing on operational excellence and its SMG 2.0 growth strategy.

    SMGADMCHEFCOCO
  2. SEC EDGAR

    8-K filing — SCOTTS MIRACLE-GRO CO (SMG)

    Filed: 2026-09-15 AccNo: 0000825542-26-000050 Size: 190 KB Item 1.02: Termination of a Material Definitive Agreement Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

    SMG
  3. Na

    ScottsMiracle-Gro Announces Execution of Key Capital Allocation Initiatives

    Scotts Miracle-Gro Company announced successful execution of its capital allocation strategy, including redemption of $250 million in senior notes due 2026, renewal of a $750 million accounts receivable facility, and initiation of a $500 million share repurchase program. The company reaffirmed its Fiscal 2026 guidance with expectations for low single-digit U.S. consumer net sales growth, adjusted gross margins of at least 32%, and free cash flow of $275 million.

    SMG