The Scotts Company Reconfirms Consensus Earnings Estimates

Apr 12, 2001, 01:00 ET from The Scotts Company

    COLUMBUS, Ohio, April 12 /PRNewswire/ -- The Scotts Company (NYSE:   SMG)
 today reconfirmed that for its second quarter ended March 31, 2001, earnings
 would at least meet external consensus estimates of $2.67 per diluted share
 compared to actual earnings of $2.15 per diluted share in last year's
 comparable quarter.
     Detailed second quarter results are to be reported on April 26, 2001.  The
 general public can access a live Webcast at 10:00 a.m. EDT on April 26th from
 The Scotts Company's investor relations web site at http://www.smgnyse.com.
 
     About Scotts
     For more information on The Scotts Company please visit our web site at
 http://www.scottscompany.com.
 
     The Scotts Company is the world's leading supplier of consumer products
 for lawn and garden care, with a full range of products for professional
 horticulture as well.  The Company owns the industry's most recognized brands.
 In the U.S., the Company's Scotts(R), Miracle-Gro(R) and Ortho(R) brands are
 market leading in their categories, as is the consumer Roundup(R) brand which
 is marketed in North America and most of Europe exclusively by Scotts and
 owned by Monsanto.  In the U.K., Scotts' brands include Weedol(R) and
 Pathclear(R), the top-selling consumer herbicides; Evergreen(R), the leading
 lawn fertilizer line; the Levington(R) line of lawn and garden products; and
 Miracle-Gro(R), the leading plant fertilizer. The Company's leading brands in
 continental Europe include KB(R) and Fertiligene(R) in France and Substral(R),
 NexaLotte(R) and Celaflor(R) in Germany.
 
     Statement under the Private Securities Litigation Act of 1995: Certain of
 the statements contained in this press release, including, but not limited to,
 information regarding the future economic performance and financial condition
 of the company, the plans and objectives of the company's management, and the
 company's assumptions regarding such performance and plans are forward looking
 in nature.  Actual results could differ materially from the forward looking
 information in this release, due to a variety of factors, including, but not
 limited to:
 
     * Continued marketplace acceptance of the Company's "pull" advertising
       marketing strategies;
     * The ability to maintain profit margins and to produce products and add
       production capacity on a timely basis;
     * Competition in the North American and European consumer and professional
       segments;
     * Competition between and the recent consolidation within the retail
       outlets selling the Company's products;
     * Public perceptions regarding the safety of the Company's products;
     * Changes in economic conditions, interest rates and currency exchange
       rates in the countries in which the company operates;
     * The possibility of new competitors entering into the Company's business;
     * The ability to improve processes and business practices to keep pace
       with the economic, competitive and technological environment, including
       successful completion of the Company's Enterprise Resource Planning
       project; and
     * The ability to integrate several recent acquisitions.
 
     Additional detailed information concerning a number of the important
 factors that could cause actual results to differ materially from the forward
 looking information contained in this release is readily available in the
 company's publicly filed quarterly, annual, and other reports.
 
 

SOURCE The Scotts Company
    COLUMBUS, Ohio, April 12 /PRNewswire/ -- The Scotts Company (NYSE:   SMG)
 today reconfirmed that for its second quarter ended March 31, 2001, earnings
 would at least meet external consensus estimates of $2.67 per diluted share
 compared to actual earnings of $2.15 per diluted share in last year's
 comparable quarter.
     Detailed second quarter results are to be reported on April 26, 2001.  The
 general public can access a live Webcast at 10:00 a.m. EDT on April 26th from
 The Scotts Company's investor relations web site at http://www.smgnyse.com.
 
     About Scotts
     For more information on The Scotts Company please visit our web site at
 http://www.scottscompany.com.
 
     The Scotts Company is the world's leading supplier of consumer products
 for lawn and garden care, with a full range of products for professional
 horticulture as well.  The Company owns the industry's most recognized brands.
 In the U.S., the Company's Scotts(R), Miracle-Gro(R) and Ortho(R) brands are
 market leading in their categories, as is the consumer Roundup(R) brand which
 is marketed in North America and most of Europe exclusively by Scotts and
 owned by Monsanto.  In the U.K., Scotts' brands include Weedol(R) and
 Pathclear(R), the top-selling consumer herbicides; Evergreen(R), the leading
 lawn fertilizer line; the Levington(R) line of lawn and garden products; and
 Miracle-Gro(R), the leading plant fertilizer. The Company's leading brands in
 continental Europe include KB(R) and Fertiligene(R) in France and Substral(R),
 NexaLotte(R) and Celaflor(R) in Germany.
 
     Statement under the Private Securities Litigation Act of 1995: Certain of
 the statements contained in this press release, including, but not limited to,
 information regarding the future economic performance and financial condition
 of the company, the plans and objectives of the company's management, and the
 company's assumptions regarding such performance and plans are forward looking
 in nature.  Actual results could differ materially from the forward looking
 information in this release, due to a variety of factors, including, but not
 limited to:
 
     * Continued marketplace acceptance of the Company's "pull" advertising
       marketing strategies;
     * The ability to maintain profit margins and to produce products and add
       production capacity on a timely basis;
     * Competition in the North American and European consumer and professional
       segments;
     * Competition between and the recent consolidation within the retail
       outlets selling the Company's products;
     * Public perceptions regarding the safety of the Company's products;
     * Changes in economic conditions, interest rates and currency exchange
       rates in the countries in which the company operates;
     * The possibility of new competitors entering into the Company's business;
     * The ability to improve processes and business practices to keep pace
       with the economic, competitive and technological environment, including
       successful completion of the Company's Enterprise Resource Planning
       project; and
     * The ability to integrate several recent acquisitions.
 
     Additional detailed information concerning a number of the important
 factors that could cause actual results to differ materially from the forward
 looking information contained in this release is readily available in the
 company's publicly filed quarterly, annual, and other reports.
 
 SOURCE  The Scotts Company