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Stock impact report

Scotts Miracle-Gro Touts Debt Cut, Cash Flow Gains as Shareholders OK All Proposals at AGM [Yahoo! Finance]

Scotts Miracle-Gro Company (The) (SMG) 
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Scotts Miracle-Gro (NYSE:SMG) used its annual meeting of shareholders to highlight what Chairman and CEO Jim Hagedorn described as a multi-year effort to strengthen the company's financial position while investing for growth. Management also reported that shareholders approved all four proposals on the ballot, including director elections, executive compensation, the auditor ratification and an amended long-term incentive plan. Hagedorn said the company has been focused on improving its capital structure and creating what he called a healthy balance sheet. He pointed to “consistent improvement” in performance over the past few years, including significant free cash flow generation, meaningful margin improvement and solid EBITDA growth. ? Palantir Bulls Face a Reality Check Before Earnings ScottsMiracle-Gro Stock Blooms After Investor Day Optimism Hagedorn said Scotts has paid down more than $1.5 billion in debt and “significantly improved” leverage. He added that the company Show less Read more
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