Scotts sees 2Q surge, income up 53 percent

Marysville, Ohio-The Scotts Miracle-Gro Co. reported a 53 percent increase in net income and a 19 percent increase in sales for the second quarter ending April 3, 2010. Net income was $118.5 million ($1.76 per diluted share) on sales of $1.12 billion, up from the year-ago $77.4 million ($1.18 per diluted share) on sales of $940.7 million. Six-month net income was $60.8 million ($.90 per share) on sales of $1.42 billion, up from the year-ago $20.4 million ($.31 per share) on sales of $1.22 billion.