Scotts Miracle-Gro (SMG) FY2024 results: revenue $3.6 billion, unchanged on the year
Scotts Miracle-Gro Co. (SMG) reported revenue of $3.6 billion for fiscal 2024, the year ended 30 September 2024, unchanged on the year before. Net income was -$35 million, and diluted earnings per share $-0.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 November 2024.
Revenue
$3.6 billion
+0.0% on the year
FY2017FY2024
Operating margin
5.9%
-4.9% a year earlier
FY2017FY2024
Net income
-$35 million
FY2017FY2024
Diluted EPS
-$0.61
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
668
531
-129
+25.7%
Capital expenditure
84.0
92.8
114
-9.5%
Free cash flow
584
438
-242
+33.2%
Free cash flow margin
16.4%
12.3%
-6.2%
Cash from investing
-100
-65.7
-283
Cash from financing
-528
-520
255
Depreciation and amortisation
80.6
92.5
105
-12.9%
Share-based compensation
80.4
68.9
34.3
+16.7%
Buybacks
5.1
9.3
258
-45.2%
Dividends paid
151
149
166
+1.5%
Dividend per share
$2.64
$2.64
$2.64
0.0%
Diluted shares, weighted
57m
56m
56m
+1.4%
Shares outstanding at period end
57m
56m
56m
+1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-391
-267
148
Debt
2,225
2,614
2,963
-14.9%
Operating lease liabilities
216
220
223
-2.0%
Finance lease liabilities
15.2
15.0
22.5
+1.3%
Other liabilities
806
832
940
-3.1%
Total liabilities and equity
2,872
3,414
4,297
-15.9%
Fixed assets
610
610
606
-0.1%
Goodwill
244
244
254
0.0%
Intangible assets
419
437
580
-4.1%
Cash and equivalents
71.6
31.9
86.8
+124.5%
Receivables
177
304
299
-41.9%
Inventory
588
880
1,344
-33.3%
Other assets
764
906
1,127
-15.7%
Total assets
2,872
3,414
4,297
-15.9%
10-K for the year ended 30 September 2024, filed 26 November 2024: the filing.