Scotts Miracle-Gro Co Expects to Achieve a Q2 Net Leverage Ratio 7x Adj EBITDA
Portfolio Pulse from Benzinga Newsdesk
Scotts Miracle-Gro Co (SMG) anticipates a second-quarter net leverage ratio of approximately 7 times adjusted EBITDA, an improvement from its first-quarter ratio and below the second-quarter maximum of 7.75 times.
April 04, 2024 | 10:57 am
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Scotts Miracle-Gro Co expects a Q2 net leverage ratio of 7x adjusted EBITDA, indicating financial improvement.
The expected decrease in the net leverage ratio from Q1 to Q2 suggests that Scotts Miracle-Gro is managing its debt more effectively relative to its earnings before interest, taxes, depreciation, and amortization. This improvement in financial health could be viewed positively by investors, potentially leading to a short-term increase in stock price.
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