Content about Marysville, Ohio

June 13, 2012
At Scotts, sales lower than expected

Marysville, Ohio-based Scotts Miracle-Gro has released a financial update for fiscal 2012 to “reflect the pressures driven by lower-than-expected sales and unfavorable product mix,” according to a company press release.

Consumer purchases of its products at its largest retail partners in the United States are up 3% on a year-to-date basis, compared with 8% entering May. The company expects to fall short of its previous guidance of 6% to 8% sales growth and adjusted earnings of $2.65 to $2.85 per share. 

May 8, 2012
Scotts sees a strong start to lawn-and-garden season

Marysville, Ohio-based The Scotts Miracle-Gro said a record level of consumer purchases in March led to a 4% gain in company-wide sales in the second quarter to $1.17 billion.

Entering May, consumer purchases of the company's products at its largest retail partners in the United States were up 8%, with growth in 45 states, all major retail channels and nearly all product categories.

Net income was reported at $127.2 million, down from $177.6 million in the same quarter last year.

April 11, 2012
Scotts names Grassroots Grant recipients

Marysville, Ohio-based The Scotts Miracle-Gro Co. named more than 100 non-profit organizations as 2012 GRO1000 Grassroots Grant recipients. 

The grants will help build or enhance greenscapes in communities as part of the national GRO1000 initiative to create 1,000 community gardens and green spaces by 2018. 

A list of recipients can be found at http://www.grogood.com.

March 18, 2012
Scotts lawn care gets a new mascot

According to an article in the New York Times, Scott the Scot of Scotts Miracle-Gro’s new ad campaign was created to instruct and educate.

The ad campaign comes after the Marysville, Ohio-based lawn care giant expanded its advertising budget to about $135 million, up from about $85 million, according to the article. The character on the commercial, played by a Scottish actor named Phil McKee, provides expert advice in a Scottish accent.

December 7, 2011
Scotts expects rough patch in first quarter

Marysville, Ohio-based Scotts Miracle-Gro said Wednesday morning that its first quarter will see a bigger-than-expected loss, but it is maintaining its outlook for the full year.

Sales for the first quarter ending Dec. 31 are expected to decline about $30 million from the same quarter a year ago. The adjusted net loss in the quarter is expected to range from $70 million to $75 million, compared with a net loss of $65.6 million in the prior year.

The $1.20-to-$1.25 per share loss is greater than the $1.13 per share loss expected by Wall Street.

October 24, 2011
Scotts enters deal to develop more natural products

Marysville, Ohio-based Scotts Miracle-Gro will collaborate with Marrone Bio Innovations (MBI) on research and development in natural plant protection products. 

"We are excited about this new partnership with MBI because we believe it will lead to improved products that enable gardeners who choose natural options to get great results," said Bruce Caldwell, Scotts Miracle-Gro's Global R&D Leader. 

October 10, 2011
Scotts lowers forecast as consumers hold back

Marysville, Ohio-based Scotts Miracle-Gro said it expects to report a 2% decline in sales for fiscal 2011 when it issues its full-year financial results Nov. 8.

The sales shortfall, coupled with associated gross margin pressure, will likely result in adjusted net earnings in a range of approximately $2.70 to $2.75 per share, according to the company. The company had forecast earnings of about $3.00 per share back in August.

August 8, 2011
Up against bad weather, Scotts stumbles in Q3

The challenges from unfriendly weather hit Scotts Miracle-Gro hard in the quarter ended July 2, as sales declined 10% to $1.06 billion.

The decline was driven primarily by poor weather across most of the United States throughout the duration of the lawn and garden season, as well as a more competitive promotional landscape and changes in certain retailer strategies within the mass merchandise channel, the Marysville, Ohio-based company said. 

July 6, 2011
Scotts Miracle-Gro completes new $1.7 billion credit facility

Scotts Miracle-Gro, the industry’s largest supplier of lawn and garden products, has entered into a new $1.7 billion secured revolving credit facility, scheduled to mature in 2016. This replaces its existing $2.2 billion facility, which was set to expire in February 2012.

June 30, 2011
Emerging category: 
From potted plants to pot
June 15, 2011
Scotts finds a new niche: Cannabis

Scotts Miracle-Gro, its sales hurting from the pullback in big-box expansion, is looking into new sources of revenues for its lawn and garden products. One of them, according to CEO Jim Hagedorn, is medical marijuana. 

“I want to target the pot market,” Hagedorn told the Wall Street Journal in an interview published June 14. “There’s no good reason we haven’t.”

May 3, 2011
Scotts grows in Q2, despite bad weather

While posting strong second-quarter results, Marysville, Ohio-based Scotts Miracle-Gro is hoping for more cooperative weather. 

Scotts posted net sales of $1.13 billion for the quarter ended April 2, up 8% from the same quarter last year. Net income increased 50% to $177.6 million.

For the quarter, company-wide adjusted gross margin rate increased 41.1% compared with 39.6% a year earlier. The improvement was due to the benefit of lower commodity costs, as well as supply chain efficiencies and a favorable product mix.

April 10, 2011
Scotts names new marketing officer

The Scotts Miracle-Gro Co. announced that Jim Lyski has been named executive VP and chief marketing officer. 

Lyski will also be accountable for advancing the Marysville, Ohio-based company's "Consumer First" strategy specifically to maximize opportunities for sustainable brand portfolio and market share growth, along with continuing to build stronger relationships with consumers.

March 31, 2011
Phosphorus phaseout at Scotts
March 22, 2011
Scotts plans phosphorus phaseout

Scotts Miracle-Gro Co. said it will phase out phosphorus from lawn fertilizers, including the market-leading Scotts Turf Builder brand, by the end of 2012.

Additionally, the Marysville, Ohio-based company said it will sharpen its focus on more efficient and optimized ways to use nitrogen in its lawn fertilizer products. 

November 3, 2010
Scotts announces record growth for fiscal 2010

Marysville, Ohio-based Scotts Miracle-Gro reported record sales of $3.14 billion for fiscal 2010, a 5%...

August 26, 2008
New Lowe’s stores slated for South, Midwest

Lowe’s plans new stores for several locations throughout the United States, with two new stores...

April 29, 2008
EPA orders certain Scotts’ pesticides off shelves

Retailers were told April 28 to remove Scotts’ weed preventer and related pesticides from their...

April 17, 2008
ScottsMiracle-Gro optimistic for 2008, despite slow second quarter

“Consumer activity over the first two weeks of April has been strong, and we are...

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