Content about Jim Hagedorn

February 11, 2014

The Scotts Miracle-Gro Company has committed to a multi-year program in which it will fund environmental groups and academic institutions invested in researching solutions to Florida's water quality issues. Additionally, it will launch a multimedia consumer education campaign aimed at teaching homeowners to balance lawncare needs with water conservation.

November 7, 2013

Scotts Miracle-Gro quite literally made up for lost time in the second half of the year, finishing with fiscal year sales essentially flat from the previous year.

The company's full year net sales were $2.82 billion, after a 9% increase in the second half, including a 10% increase in the fourth quarter.

July 11, 2013

Marysville, Ohio-based The Scotts Miracle-Gro Company named Ivan Smith executive VP, general counsel and corporate secretary. The 10-year company veteran replaces former executive VP Vincent Brockman, who resigned to pursue other interests, the company said.

"Ivan possesses tremendous legal knowledge and experience and has been a strong leader throughout his career," said Jim Hagedorn, chairman and CEO. "His sound judgment and business acumen will serve ScottsMiracle-Gro well in the years to come."

June 4, 2013

Three Scotts Miracle-Gro board members resigned following the delivery of a unanimously supported reprimand of CEO Jim Hagedorn that stemmed from the use of inappropriate language. 

Hagedorn apologized in a statement.

February 7, 2013

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago.

January 28, 2013

Scotts CFO Dave Evans resigned from the lawn and garden giant to join a nonprofit research company.

September 9, 2012

Scotts Miracle-Gro, the nation’s largest supplier of lawn and garden products, has been sentenced to pay a $4 million fine for 11 criminal violations relating to the use of toxic insecticides in its wild bird feed products. The Marysville, Ohio-based company also agreed to  more than $6 million in penalties and $2 million for environmental projects under a settlement that resolves additional civil pesticide violations filed by the Environmental Protection Agency (EPA). 

June 13, 2012

Marysville, Ohio-based Scotts Miracle-Gro has released a financial update for fiscal 2012 to “reflect the pressures driven by lower-than-expected sales and unfavorable product mix,” according to a company press release.

Consumer purchases of its products at its largest retail partners in the United States are up 3% on a year-to-date basis, compared with 8% entering May. The company expects to fall short of its previous guidance of 6% to 8% sales growth and adjusted earnings of $2.65 to $2.85 per share. 

October 10, 2011

Marysville, Ohio-based Scotts Miracle-Gro said it expects to report a 2% decline in sales for fiscal 2011 when it issues its full-year financial results Nov. 8.

The sales shortfall, coupled with associated gross margin pressure, will likely result in adjusted net earnings in a range of approximately $2.70 to $2.75 per share, according to the company. The company had forecast earnings of about $3.00 per share back in August.

August 11, 2011

The weather is always a popular topic in discussions of retail performance, but it seems this recent quarter has produced a storm of exceptionally intense meteorological commentary.

The following are just some of the examples of CEOs talking about the weather taken from news reports of the past several days:

August 8, 2011

The challenges from unfriendly weather hit Scotts Miracle-Gro hard in the quarter ended July 2, as sales declined 10% to $1.06 billion.

The decline was driven primarily by poor weather across most of the United States throughout the duration of the lawn and garden season, as well as a more competitive promotional landscape and changes in certain retailer strategies within the mass merchandise channel, the Marysville, Ohio-based company said. 

June 15, 2011

Scotts Miracle-Gro, its sales hurting from the pullback in big-box expansion, is looking into new sources of revenues for its lawn and garden products. One of them, according to CEO Jim Hagedorn, is medical marijuana. 

“I want to target the pot market,” Hagedorn told the Wall Street Journal in an interview published June 14. “There’s no good reason we haven’t.”

March 22, 2011

Scotts Miracle-Gro Co. said it will phase out phosphorus from lawn fertilizers, including the market-leading Scotts Turf Builder brand, by the end of 2012.

Additionally, the Marysville, Ohio-based company said it will sharpen its focus on more efficient and optimized ways to use nitrogen in its lawn fertilizer products. 

November 3, 2010

Scotts Miracle-Gro chairman and CEO Jim Hagedorn will not retire as CEO this year....

November 3, 2010

Marysville, Ohio-based Scotts Miracle-Gro reported record sales of $3.14 billion for fiscal 2010, a 5%...

April 17, 2008

“Consumer activity over the first two weeks of April has been strong, and we are...

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