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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segment Financial Information | The following tables present financial information for the Company’s reportable segments for the periods indicated:
| Year Ended September 30,
| 2024 |  | 2023 |  | 2022
Net Sales: |  |  |  |  |
U.S. Consumer | $ | 3,013.7 |  |  | $ | 2,843.7 |  |  | $ | 2,928.8 |
Hawthorne | 294.7 |  |  | 467.3 |  |  | 716.2 |
Other | 244.3 |  |  | 240.3 |  |  | 279.1 |
Consolidated | $ | 3,552.7 |  |  | $ | 3,551.3 |  |  | $ | 3,924.1 |
Segment Profit (Loss): |  |  |  |  |
U.S. Consumer | $ | 498.0 |  |  | $ | 454.1 |  |  | $ | 568.6 |
Hawthorne | (14.2) |  |  | (48.1) |  |  | (21.1) |
Other | 4.7 |  |  | 12.4 |  |  | 20.2 |
Total Segment Profit | 488.5 |  |  | 418.4 |  |  | 567.7 |
Corporate | (117.7) |  |  | (101.6) |  |  | (112.4) |
Intangible asset amortization | (15.7) |  |  | (25.2) |  |  | (37.1) |
Impairment, restructuring and other | (146.3) |  |  | (466.0) |  |  | (852.2) |
Equity in loss of unconsolidated affiliates | (68.1) |  |  | (101.1) |  |  | (12.9) |
Interest expense | (158.8) |  |  | (178.1) |  |  | (118.1) |
Other non-operating income (expense), net | (5.5) |  |  | 0.3 |  |  | 6.9 |
Loss before income taxes | $ | (23.6) |  |  | $ | (453.3) |  |  | $ | (558.1) |
Depreciation and amortization: |  |  |  |  |
U.S. Consumer | $ | 56.2 |  |  | $ | 58.2 |  |  | $ | 55.8 |
Hawthorne | 16.7 |  |  | 25.8 |  |  | 34.8 |
Other | 5.9 |  |  | 5.6 |  |  | 7.0 |
Corporate | 1.8 |  |  | 2.9 |  |  | 7.6 |
| $ | 80.6 |  |  | $ | 92.5 |  |  | $ | 105.2 |
Capital expenditures: |  |  |  |  |
U.S. Consumer | $ | 81.5 |  |  | $ | 79.6 |  |  | $ | 97.4 |
Hawthorne | — |  |  | 8.5 |  |  | 12.4 |
Other | 2.5 |  |  | 4.7 |  |  | 3.7 |
| $ | 84.0 |  |  | $ | 92.8 |  |  | $ | 113.5 |
| September 30,
| 2024 |  | 2023
Total assets: |  |  |
U.S. Consumer | $ | 2,022.7 |  |  | $ | 2,296.2 |
Hawthorne | 387.3 |  |  | 581.6 |
Other | 189.3 |  |  | 189.8 |
Corporate | 272.6 |  |  | 346.1 |
Consolidated | $ | 2,871.9 |  |  | $ | 3,413.7 |
Net sales by product category | The following table presents net sales by product category for the periods indicated:
| Year Ended September 30,
| 2024 |  | 2023 |  | 2022
U.S. Consumer: |  |  |  |  |
Growing media and mulch | $ | 1,310.6 |  |  | $ | 1,223.7 |  |  | $ | 1,192.6 |
Lawn care | 929.6 |  |  | 897.4 |  |  | 973.6 |
Controls | 414.6 |  |  | 362.9 |  |  | 382.2 |
Roundup® marketing agreement | 162.4 |  |  | 138.7 |  |  | 132.3 |
Other, primarily gardening | 196.5 |  |  | 221.0 |  |  | 248.1 |
Hawthorne: |  |  |  |  |
Lighting | 108.2 |  |  | 165.9 |  |  | 200.0 |
Nutrients | 87.2 |  |  | 105.3 |  |  | 148.0 |
Growing media | 37.3 |  |  | 67.5 |  |  | 119.0 |
Growing environment | 27.7 |  |  | 72.5 |  |  | 143.7 |
Other, primarily hardware | 34.3 |  |  | 56.1 |  |  | 105.5 |
Other: |  |  |  |  |
Growing media | 91.3 |  |  | 93.0 |  |  | 96.6 |
Lawn care | 80.2 |  |  | 75.8 |  |  | 92.9 |
Other, primarily gardening and controls | 72.8 |  |  | 71.5 |  |  | 89.6 |
Total net sales | $ | 3,552.7 |  |  | $ | 3,551.3 |  |  | $ | 3,924.1 |
Percentages of Largest Customers Consolidated Net Sales | The Company’s two largest customers accounted for the following percentages of net sales for the fiscal years ended September 30:
| Percentage of Net Sales
| 2024 |  | 2023 |  | 2022
The Home Depot | 30 | % |  | 29 | % |  | 28 | %
Lowe’s | 18 | % |  | 18 | % |  | 15 | %
Net Sales and Long-lived Assets by Geographic Area | The following table presents net sales by geographic area for the periods indicated:
| Year Ended September 30,
| 2024 |  | 2023 |  | 2022
Net sales: |  |  |  |  |
United States | $ | 3,247.8 |  |  | $ | 3,209.5 |  |  | $ | 3,554.6 |
International | 304.9 |  |  | 341.8 |  |  | 369.5 |
| $ | 3,552.7 |  |  | $ | 3,551.3 |  |  | $ | 3,924.1 |
The following table presents long-lived assets (property, plant and equipment and finite-lived intangibles) by geographic area:
| September 30,
| 2024 |  | 2023
Long-lived assets: |  |  |
United States | $ | 630.5 |  |  | $ | 644.4 |
International | 73.9 |  |  | 78.7 |
| $ | 704.4 |  |  | $ | 723.1 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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