Scotts Co. (SMG) Reports Q1 EPS Loss of $1.18

Scotts Co. (NYSE: SMG) reported Q1 EPS of ($1.18), $0.04 better than the analyst estimate of ($1.22). Revenue for the quarter came in at $211.2 million versus the consensus estimate of $205.57 million.

The Company said it continues to expect sales growth from continuing operations of at least 6 percent for the year. With 70 percent of its commodity costs now locked for the year – including approximately 90 percent of urea – the Company said it remains confident with earlier estimates of approximately $80 million in commodity inflation for fiscal 2012. Gross margin rate for the year is expected to decline from 2011 and SG&A and interest expense will likely be higher.

For earnings history and earnings-related data on Scotts Co. (SMG) click here.

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