Scotts Miracle-Gro Co Annual Shareholders Meeting Transcript

Jan 27, 2020 / 02:00PM GMT
James S. Hagedorn - The Scotts Miracle-Gro Company - CEO & Chairman of the Board

Good morning, everyone. My name is Jim Hagedorn, Chairman and Chief Executive Officer of The Scotts Miracle-Gro Company, and I'd like to thank you for joining us this morning for our Annual Meeting of Shareholders.

Before we launch into our agenda, I want to thank our shareholders for their continued support.

As you know, we had an extremely strong result in fiscal 2019. Our U.S. Consumer segment had its highest level of growth in a decade, and Hawthorne had a dramatic recovery from the challenges we saw in 2018 as the business significantly outperformed the competition and benefited from the rapidly evolving authorized cannabis markets across the United States. The strength of our performance over the course of the fiscal year allowed SMG shares to move from a multiyear low at the beginning of the year to an all-time high at the end of the year. So we feel good about the current momentum of the business and believe we'll see continued improvement again in 2020.

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