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In 1992, Scotts became a publicly traded company with an initial offering of $19.00 a share and three years later merged with Miracle-Gro, a gardening company, to create the Scotts Miracle-Gro Company. [5] During the 2012 United States presidential election, the company endorsed the election of Republican Party candidate Mitt Romney. [6]
In 1995, the company merged with Scotts for $200 million in stock, creating the world's largest maker of lawn and garden products, and making Hagedorn the majority investor with 42% of the company and 3 of 11 board seats. [1] [5] Hagedorn's son Jim became CEO and chairman of the merged company. [6] His father retired from Miracle-Gro in 1997. [7]
How is Scotts Miracle-Gro doing by this quick checkup? At first glance, not so great. Trailing-12-month revenue decreased 2.1%, and inventory increased 15.5%. Comparing the latest quarter to the ...
Scotts Miracle-Gro (NYS: SMG) is expected to report Q3 earnings on Thursday. Here's what Wall Street wants to see: The 10-second takeawayComparing the upcoming quarter to the prior-year quarter ...
Image source: The Motley Fool. Scotts Miracle-Gro (NYSE: SMG) Q3 2024 Earnings Call Jul 31, 2024, 9:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
However, due to easy wind pollination, seeds were accidentally dispersed from an experimental farm in Oregon in 2003. Scotts Miracle-Gro was fined $500,000 as a result. [ 10 ] In 2017, the USDA agreed not to regulate it at Scotts request, which meant that Scotts "will no longer be legally required to pay to clean up the grass after 2017, though ...
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Scotts Miracle-Gro has soared in 2013, rising just under 30%, much to shareholders' satisfaction. However, through the first nine months of the company's 2013 fiscal year, revenues are down 2.1% ...