Scotts Miracle-Gro (SMG) FY2023 results: revenue $3.6 billion, down 9.5% on the year
Scotts Miracle-Gro Co. (SMG) reported revenue of $3.6 billion for fiscal 2023, the year ended 30 September 2023, down 9.5% on the year before. Net income was -$380 million, and diluted earnings per share $-6.79. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2023.
Revenue
$3.6 billion
-9.5% on the year
FY2016FY2023
Operating margin
-4.9%
-11.1% a year earlier
FY2016FY2023
Net income
-$380 million
FY2016FY2023
Diluted EPS
-$6.79
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
531
-129
272
Capital expenditure
92.8
114
107
-18.2%
Free cash flow
438
-242
165
Free cash flow margin
12.3%
-6.2%
3.3%
Cash from investing
-65.7
-283
-539
Cash from financing
-520
255
494
Depreciation and amortisation
92.5
105
93.8
-12.1%
Share-based compensation
68.9
34.3
40.6
+100.9%
Buybacks
9.3
258
129
-96.4%
Dividends paid
149
166
143
-10.3%
Dividend per share
$2.64
$2.64
$2.52
0.0%
Diluted shares, weighted
56m
56m
57m
+0.9%
Shares outstanding at period end
56m
56m
56m
+1.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-267
148
1,013
Non-controlling interest
n/a
n/a
0.0
Debt
2,614
2,963
2,282
-11.8%
Operating lease liabilities
220
223
234
-1.4%
Finance lease liabilities
15.0
22.5
27.5
-33.3%
Other liabilities
832
940
1,243
-11.5%
Total liabilities and equity
3,414
4,297
4,800
-20.6%
Fixed assets
610
606
622
+0.7%
Goodwill
244
254
605
-4.0%
Intangible assets
437
580
710
-24.7%
Cash and equivalents
31.9
86.8
244
-63.2%
Receivables
304
299
483
+1.7%
Inventory
880
1,344
1,127
-34.5%
Other assets
906
1,127
1,009
-19.6%
Total assets
3,414
4,297
4,800
-20.6%
10-K for the year ended 30 September 2023, filed 22 November 2023: the filing.