| Address:
|
14111 SCOTTSLAWN ROAD
|
| City: |
MARYSVILLE |
|
State: |
OH |
|
Zip Code: |
43041 |
| Telephone: |
937-644-0011 |
|
Description of Business
|
Primary SIC Code:
2870 |
| (As filed with the SEC)
|
|
|
The Scotts Miracle-Gro Company, an Ohio corporation ("Scotts Miracle-Gro" and,
together with its subsidiaries, the "Company"), traces its roots to two
businesses launched by entrepreneurs. In 1868, Civil War veteran O.M. Scott
launched a seed business in Marysville, Ohio, based on the conviction that
"farmers shall have clean, weed-free fields." Beginning in 1907, the Company
expanded its reach by selling grass seed to consumers and eventually exited the
agricultural market. By 1988 - both through innovation and acquisition - the
Company had become a leading marketer of lawn fertilizer, grass seed and growing
media products within the United States.
Separately, Horace Hagedorn and his partner Otto Stern launched Stern's
Miracle-Gro Products, Inc. in 1951 in New York. Their easy-to-use plant food
quickly revolutionized the gardening category. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 2.38 | 0.125 | 16.52 | | 09/2009 | 2.32 | 0.125 | 18.51 | | 06/2009 | 2.03 | 0.125 | 17.27 | | 03/2009 | 0.12 | NA | 289.17 | | 12/2008 | -0.16 | 0.125 | N/E | | 09/2008 | -0.17 | 0.125 | N/E | | 06/2008 | -0.23 | 0.125 | N/E | | 03/2008 | 1.36 | NA | 23.84 |
Key Financial Ratios and Statistics |
FYE:
09/30 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.48 | Total Liab/Total Assets | 0.74 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 1.26 | | Net Inc/Inv Cap | 0.12 | Total Liab/Comm Equity | 5.11 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | 4.74 | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.27 | | Cash Flow/Net Sales | 0.08 | LTD/Equity | 1.11 | | SG&A/NetSales | 0.26 | Total Debt/Equity | 1.39 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.78 | Quick Ratio | 0.84 | | Inventory Turnover | 4.69 | Current Ratio | 1.44 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.37 | | Net Sales/Work Cap | 9.40 | Inv/Curr Assets | 0.42 | | Net Sales/PP&E | 8.50 | | |
Income Statement (Millions) |
| |
1/2/2010
|
9/30/2009
|
6/27/2009
|
3/28/2009
|
|
Total Revenues(Net Sales)
|
302.20
|
583.40
|
1,280.00
|
960.10
|
|
Cost of Goods Sold
|
237.10
|
423.70
|
793.20
|
601.80
|
|
Selling & Admin Exps
|
132.70
|
209.10
|
226.30
|
227.60
|
|
Operating Income
|
-67.60
|
-42.70
|
245.70
|
136.90
|
|
Interest Exp
|
10.70
|
10.50
|
13.70
|
15.90
|
|
Pretax Income
|
-78.30
|
-53.20
|
232.00
|
121.00
|
|
Other Income
|
NA
|
0.00
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-57.70
|
-14.90
|
147.80
|
77.40
|
|
Assets
|
1/2/2010
|
9/30/2009
|
6/27/2009
|
3/28/2009
|
|
Cash & Short Term Investments
|
52.50
|
71.60
|
149.60
|
48.10
|
|
Receivables - Total
|
274.80
|
401.30
|
779.00
|
1,008.40
|
|
Inventories - Total
|
657.90
|
458.90
|
547.40
|
667.60
|
|
Total Current Assets
|
1,154.80
|
1,090.90
|
1,613.40
|
1,884.00
|
|
Net Property, Plant & Equipment
|
372.10
|
369.70
|
335.90
|
335.50
|
|
Total Assets
|
2,286.00
|
2,220.10
|
2,709.20
|
2,967.90
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
296.10
|
190.00
|
269.40
|
352.30
|
|
Debt in Current Liabilities
|
166.70
|
160.40
|
152.50
|
396.00
|
|
Total Current Liabilities
|
728.10
|
756.80
|
958.30
|
1,131.00
|
|
Long-Term Debt
|
798.80
|
649.70
|
991.20
|
1,196.20
|
|
Total Liabilities
|
1,747.50
|
1,635.60
|
2,107.20
|
2,514.70
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
437.70
|
451.50
|
463.80
|
460.80
|
|
Retained Earnings
|
271.10
|
337.50
|
359.70
|
220.00
|
|
Treasury Stock
|
-105.40
|
-131.70
|
-161.70
|
-164.40
|
|
Total Stockholders' Equity
|
538.50
|
584.50
|
602.00
|
453.20
|
|
Total Liabilities and Stockholders' Equity
|
2,286.00
|
2,220.10
|
2,709.20
|
2,967.90
|
Cash Flow Summary (Millions) |
|
Categories
|
1/2/2010
|
9/30/2009
|
6/27/2009
|
3/28/2009
|
|
Net Cash Provided by Operating Activities
|
-176.70
|
261.10
|
622.40
|
-446.60
|
|
Net Cash Provided by Investing Activities
|
4.20
|
-47.10
|
-7.60
|
-11.00
|
|
Net Cash Provided by Financing Activities
|
154.60
|
-293.00
|
-512.90
|
457.60
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 09/2005 | 2,369.30 | 100.60 | 0.74 | | 09/2006 | 2,697.10 | 132.70 | 1.91 | | 09/2007 | 2,871.80 | 113.40 | 1.69 | | 09/2008 | 2,981.80 | -10.90 | -0.17 | | 09/2009 | 3,141.50 | 153.30 | 2.32 | | Growth Rates | 7.31 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 264 | 43,515 | 65.36 |
|
Report Date :
3/1/2010
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