Scotts Miracle-Gro Co at Raymond James Institutional Investors Conference Transcript

Mar 06, 2023 / 02:15PM GMT
Joseph Nicholas Altobello - Raymond James & Associates, Inc., Research Division - MD & Senior Analyst

Thank you for joining us for our next presentation from Scotts Miracle-Gro. Scotts is the leader in the U.S. consumer lawn and garden industry with brands that include Scotts and Miracle-Gro, obviously, as well as Ortho and Roundup. In addition, its Hawthorne Hydroponics segment is a leading supplier to cannabis cultivators, both in North America as well as Europe and across nearly every product category.

That said, it's been a rough couple of years for Scotts, some probably understating things, unfortunately. The company has had to navigate a normalization of demand and retailer inventory reductions in its U.S. Consumer segment as well as an oversupply of cannabis on the Hawthorne side. Here to help us all of this out is CFO, Matt Garth, who joined Scotts just a few months ago. So with that, let me hand things over to Matt.

Matthew E. Garth - The Scotts Miracle-Gro Company - Executive VP & CFO

Thank you so much, Joe. Very good introduction

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