The Scotts Miracle Gro Co (NYSE:SMG)
$ 70.825 1.065 (1.53%) Market Cap: 4.02 Bil Enterprise Value: 6.72 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 73/100

Scotts Miracle-Gro Co at William Blair Growth Stock Conference Transcript

Jun 06, 2019 / 03:40PM GMT
Release Date Price: $92.37 (+1.43%)
Jon Robert Andersen
William Blair & Company L.L.C., Research Division - Partner

Okay. Good morning, everybody. We're going to get started. I'm Jon Andersen, the consumer products analyst at William Blair that covers Scotts Miracle-Gro. Thanks, everybody for attending. Today we have Scotts' Chief Financial Officer, Randy Coleman, to my right; as well as Scotts' Chief Communication Officer, Jim King. We're thrilled to have both of them here today.

Scotts is an innovator, manufacturer and marketer of branded lawn and garden and control products. As most of you know, its market shares are extremely strong. The brands are typically synonymous with the categories in which they compete. The company benefits from strong consumer engagement in gardening. Gardening is one of America's most popular leisure-time activities.

In addition, the company has built a business in hydroponic growing products, calls this its Hawthorne segment, and it's become a leader in the space. And a lot of interesting end-market demand dynamics going on there, which I'm sure we'll hear more about today.

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