Scotts Miracle-Gro sees 2025 EBITDA of $570M-$590M

On the company’s call, executives stated: “We’re for sure, a leaner company. The next step in our organization is to figure out how to operate as a much more efficient and effective team. It will not only include more cost reductions, but also lead to a creation of a structure and cultural mindset in which everyone is focused on the right things for the future of our company. And this will require us to be more flexible and move with speed to this end, Rich Turner has joined. My team is the head of human resources to lead this process and take a new look at the entire organization. Let’s shift to how we see 25 unfolding. You can expect us to go after more growth and bottom line improvement. We’re guiding to EBITDA of $570 to $590 million, an increase of 6% to 9% over 2020 for adjusted EBITDA. And we’re projecting sales growth of 2% in our consumer business, along with $20 million in EBITDA from Hawthorne Hawthorne to narrow, our focus will reduce top line sales but improve its margins.”