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The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. [2] The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. [ 3 ]
Miracle-Gro, a water-soluble fertilizer, was developed after Horace Hagedorn met nurseryman Otto Stern and learned of Stern's troubles shipping plants in 1944. [1] [2] [3] They hired O. Wesley Davidson, a Rutgers University professor, to develop the fertilizer. [1] In 1950, the company was formed after Hagedorn's wife Peggy named the product.
According to Forbes, Scotts had invested more than $250 million in the subsidiary by mid 2016. [5] In March 2018, the Hawthorne Gardening Company and The Flowr Corporation (a Canadian Licensed Producer of medical cannabis) announced an R&D partnership, building North America's first dedicated facility for cannabis research and development.
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% ...
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With six points, Scotts Miracle-Gro looks pretty healthy. But the company's tepid growth figures continue to pose a threat to its long-term prospects. Anyone who has a lawn is probably familiar ...
"Among their offerings are consumer fertilizers, plant foods, soils and mulches, pest controls, grass seed and bird food. [4] The company's principal consumer brands in North America are Scotts, Miracle-Gro, and Ortho. In addition, Scotts is Monsanto's agent for the marketing and distribution of consumer Roundup." [5] 11) Delete in Overview:
Scotts Miracle-Gro (NYS: SMG) carries $650.5 million of goodwill and other intangibles on its balance sheet. Goodwill, especially when it's excessive, can sometimes foreshadow problems down the road.