Scotts Miracle-Gro Co. stated Monday that it will keep its leverage ratio below 6.5x in its fiscal second quarter. According to the lawn-and-cannabis-grow products company, final net leverage is expected to be in the range of 6.0 times. Marysville, Ohio-based company stated that its financial position is improving because of a disciplined approach to cost control, increased efficiency, and “initiatives for engaging consumers early in the lawn/garden season.” The company reported its second quarter results on May 3. Scots Miracle-Gro shares are up 47% in 2023 compared to a 6.9% rise by the S&P 500 SPX, +0.36%