Scotts Miracle-Gro Co. (SMG) reported that its second-quarter net income was $100.0 million or $1.60 per share, compared to $127.2 million or $2.05 per share in the same quarter last year.
Income from continuing operations was $99.9 million, or $1.60 per share, compared to $126.5 million, or $2.04 per share, during the same quarter a year ago.
The adjusted loss from continuing operations for the latest second quarter was $100.1 million, or $1.60 per share, down from $132.3 million, or $2.13 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $2.00 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.02 billion, down from $1.17 billion, during the same quarter a year ago. Ten analysts had consensus revenue estimate of $1.13 billion for the quarter.
The company reaffirmed its expectations for fiscal 2013 adjusted earnings per share from continuing operations in the range of $2.50 to $2.75. In addition, the company continues to expect operating cash flow of at least $250 million for the year.
Analysts expect the company to report earnings of $2.61 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.