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Scotts reports good 2014, 4Q

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The Scotts Miracle-Gro Co., based in Marysville, Ohio, reported 2014 income for 2014 as $166.2 million, compared with $161.1 million a year ago. Its fiscal year ended Sept. 30. Company-wide net sales increased 2 percent in 2014 to $2.84 billion, compared to $2.77 billion a year ago. scotts-logo

Scotts LawnService (SLS) sales increased 2 percent to $263 million for the year, compared with $257.8 million a year ago. In the fourth quarter, SLS sales increased 5 percent to $95 million, compared with $90.2 million during the same quarter a year ago.

The company said it expects company-wide net sales to increase by approximately 4 to 5 percent in fiscal 2015 on increased U.S. unit volume, the recent acquisitions of Action Pest Control, Solus and Fafard; the consolidation of AeroGrow; and the continued organic growth of SLS.

“The strong results we delivered in fiscal 2014 – in the face of a weather-delayed season – speak to the strength of our team, the resilience of the lawn and garden category and the confidence that our consumers and retail partners have in our brands,” said Jim Hagedorn, chairman and CEO. “We are confident in our business plans for 2015 and expect sales for the year to increase 4 to 5 percent resulting in adjusted earnings per share in the range of $3.40 to $3.60.”

 

 

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LM Staff

LM Staff

Landscape Management's staff brings together collective experience in journalism, research, writing, and editing. Our team stays tapped into the pulse of the industry, covering a wide range topics with a commitment to delivering compelling stories and high-quality content.

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