The Scotts Miracle-Gro Co. (SMG)

The Scotts Miracle-Gro Company, together with its subsidiaries, engages in the manufacture, marketing, and sale of lawn and garden care products in North America and the European Union. The company sells a line of granular lawn fertilizer and combination products, including fertilizer and crabgrass control, weed control, or pest control products; plant foods; and growing media products for indoor and outdoor uses, as well as grass seed products for the consumer and the professional users. It also offers weed control, indoor and outdoor pest control, and plant disease control products; wild bird food; and lawn spreaders. In addition, the company sells professional products, such as controlled-release fertilizers, water-soluble fertilizers, pesticide products, and wetting agents to commercial nurseries, greenhouses, and specialty crop growers in North America, Europe, the Middle East, Africa, Latin America, Australia, New Zealand, and the Far East. Further, The Scotts Miracle-Gro Company offers residential lawn care, lawn aeration, tree and shrub care, and external pest control services consisting primarily of fertilizer, weed control, pest control, and disease control applications. Additionally, it provides outdoor living and gardening lifestyle products, which include outdoor furniture, pottery, garden tools, gardening containers, and live goods through retail stores, catalog and Internet sales, and other trade and wholesale relationships. The Scotts Miracle-Gro Company’s customers include home improvement centers, mass merchandisers, warehouse clubs, hardware chains, independent hardware stores, nurseries, garden centers, food and drug stores, commercial nurseries and greenhouses and specialty crop growers. The company was founded in 1868 and is headquartered in Marysville, Ohio.

For the fiscal year ended 30 September 2006, The Scotts Miracle-Gro Company's revenues increased 14% to $2.7B. Net income from continuing operations increased 32% to $132.7M. Revenues reflect increased income from North American business due to an increase in line with consumer purchases . Net income also reflects improved operating margins, the absence of costs related to refinancing and a decrease in interest expenses.