The Scotts Company Reports First Quarter Results.

Business Editors

COLUMBUS, Ohio--(BUSINESS WIRE)--Jan. 27, 2000

The Scotts Company (NYSE: SMG) today reported that its first quarter fiscal 2000 net sales were $191.5 million compared to last year's first quarter of $184.4 million, and that earnings before extraordinary items were a net loss of $29.6 million compared to a net loss of $10.0 million, or a loss per share of $1.28 compared with a loss of $.68 last year. The loss per share for the first quarter of fiscal 2000 was impacted by the early conversion during fiscal year 2000 of the then outstanding preferred shares into approximately 10.1 million common shares.

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