Spectrum Brands Hlds

Spectrum Brands Holdings, Inc. is a consumer products and home essentials company, which engages in the manufacturing and supply of residential locksets, residential builders’ hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents. The firm operates through the following segments: Home and Personal Care (HPC), Global Pet Care (GPC), and Home and Garden (H&G). The GPC segment focuses on the pet care business. The H&G segment is involved in the home and garden, cleaning products, and insect control business. The HPC segment includes the small kitchen and personal care appliances business. The company was founded in 1906 and is headquartered in Middleton, WI.

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Earnings data Q4 2024

Spectrum Brands focuses on margin improvement and strategic transformation

Spectrum Brands Holdings is navigating a challenging operating environment with a focus on cost management, margin improvement, and strategic transformation. Despite facing headwinds in certain segments, the company remains confident in its ability to drive EBITDA growth and strengthen its financial position through deleveraging and operational efficiencies.

Spectrum Brands to Focus on Pet Care Growth Amid Sales Declines

Spectrum Brands navigates challenges in Home & Garden and Home & Personal Care while focusing on growth in Global Pet Care. Strategic clarity post-settlement positions the company for a debt-free future with a focus on core segments.

Spectrum Brands Hlds (SPB) reports debt-free status and EBITDA growth

Spectrum Brands Hlds (SPB) navigated challenges with a strong financial position, focusing on debt reduction, shareholder returns, and operational enhancements.
Despite sales declines in key segments, the company's EBITDA margin improvement and strategic initiatives signal a resilient approach to driving long-term growth.
Opportunities in market recovery, global expansion, and operational efficiency underscore a forward-looking strategy for sustainable performance and shareholder value.
Balancing short-term challenges with long-term opportunities, Spectrum Brands Hlds (SPB) aims to optimize performance, strengthen its balance sheet, and drive growth.

Spectrum Brands closes HHI deal, eyes stability and growth

Spectrum Brands Holdings navigated challenges in fiscal '23, closed a significant deal, and reduced inventory while focusing on growth strategies for fiscal '24. The company aims for stability, investing in brands and people to drive business growth and efficiency.
Despite a decline in net sales, Spectrum Brands demonstrated strengths in key business segments, including Global Pet Care and Home & Garden, through effective pricing actions and marketing investments. Challenges include soft consumer demand and uncertainties in predicting market behavior.
Opportunities for Spectrum Brands include strategic investments in brands, marketing, and e-commerce partnerships to expand market reach and drive sales growth. The company's commitment to rebuilding earnings power and margin structures positions it for future profitability and growth.

Spectrum Brands reports Q1 growth, plans divestiture for profitability

Spectrum Brands Holdings delivered a solid performance in Q1 2024, with net sales meeting expectations and significant growth in adjusted EBITDA driven by margin improvements. The company's strategic focus on profitability, operational efficiency, and investing in key segments positions it for future growth.
Despite challenges in certain segments and macroeconomic headwinds, Spectrum Brands remains committed to returning cash to shareholders, reducing debt leverage, and enhancing valuation through divestitures and strategic investments.

Spectrum Brands reports growth in EBITDA, plans HPC separation

Spectrum Brands Holdings showcased improved financial performance, strong balance sheet strength, and strategic initiatives to drive growth and efficiency.
While facing challenges from cautious consumer trends and the HPC separation, the company aims to capitalize on opportunities through focused investments and operational enhancements.
With a commitment to optimizing capital structure, maintaining margins, and generating free cash flow, Spectrum Brands is poised to navigate challenges and pursue sustainable growth.

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Spectrum Brands Holdings, Inc. engages in the manufacture and supply of consumer products and home essentials. The firm operates through the following segments: Home and Personal Care (HPC), Global Pet Care (GPC), and Home and Garden (H&G). The GPC segment focuses on the pet care business. The H&G segment is involved in the home and garden, cleaning products, and insect control business. The HPC segment includes the small kitchen and personal care appliances business. The company was founded in 1906 and is headquartered in Middleton, WI.

Despite inflation and supply-chain woes, Spectrum Brands (SPB) looks promising on robust demand, gains from GPIP, and strength in the Home & Personal Care segment. It is optimistic about fiscal 2023.

Growth Endeavors to Aid Spectrum Brands (SPB) Amid Inflation

It's a curiously big move for an announcement with no certainty.

Why Spectrum Brands Stock Was Rocketing Higher Today

This morning Assa Abloy announced the divestiture of several assets, which should placate the DOJ and allow for the completion of Spectrum's HHI business. Completion of the deal will result in net proceeds to SPB of ~$3.5 billion allowing the company to pay off all of its debt.

Spectrum Brands: HHI Likely To Close, Shares Have 65% Upside

Fortune Brands Home & Security

STOCKHOLM , Dec. 2, 2022 A SSA ABLOY has entered into binding agreements with Fortune Brands Home & Security, Inc. (NYSE: FBHS) or ("Fortune Brands") for the sale of Emtek and the Smart Residential business in the U.S. and Canada to fully resolve all the alleged competitive concerns surrounding the proposed acquisition of the Hardware and Home Improvement division ("HHI") of Spectrum Brands. On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE: SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.

ASSA ABLOY sells Emtek and the Smart Residential business in the U.S. and Canada in furtherance of the proposed acquisition of the Hardware and Home Improvement division

MIDDLETON, Wis.--( BUSINESS WIRE )--Spectrum Brands Holdings, Inc. (NYSE: SPB, “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it is more committed and confident than ever that it will complete the sale of its Hardware and Home Improvement segment (“HHI”) to ASSA ABLOY.

Spectrum Brands' Statement on ASSA ABLOY's Proposed Sale of its Emtek and Smart Residential Business in the U.S. and Canada

Spectrum Brands' (SPB) Q4 results are hurt by inflationary pressure, supply-chain disruptions and currency headwinds. However, pricing actions and cost-cutting efforts are upsides.

Spectrum Brands (SPB) Q4 Earnings and Sales Miss on Inflation

Spectrum Brands Holdings, Inc. (NYSE:SPB ) Q4 2022 Earnings Conference Call November 18, 2022 9:00 AM ET Company Participants Faisal Qadir - VP, Strategic Finance & Enterprise Reporting David Maura - Executive Chairman & CEO Jeremy Smeltser - EVP & CFO Conference Call Participants Bob Labick - CJS Securities Christopher Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer Peter Grom - UBS Operator Good day, and welcome to the Q4 and Full-Year 2022 Spectrum Brands Holdings' Earnings Conference Call. I would now like to turn the call over to Faisal Qadir.

Spectrum Brands Holdings, Inc. (SPB) Q4 2022 Earnings Call Transcript

Spectrum (SPB) delivered earnings and revenue surprises of -53.85% and 4.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Spectrum Brands (SPB) Misses Q4 Earnings and Revenue Estimates

Spectrum Brands Holdings Inc. SPB, -0.56% reported Friday fiscal fourth-quarter profit and sales that missed expectations and provided a downbeat outlook, citing headwinds including high cost inflation, supply chain disruptions and retailers' focus on reducing high inventory levels. Shares of the pet supply, lawn and garden and pest control products were still inactive in premarket trading.

Spectrum Brands misses profit and sales expectations, provides downbeat outlook

MIDDLETON, Wis.--( BUSINESS WIRE )--Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today reported results from continuing operations for the fourth quarter ended September 30, 2022.

Spectrum Brands Holdings Reports Fiscal 2022 Fourth Quarter

Year-to-date, SPB shares have undergone adverse price action, down more than 50% and widely underperforming the S&P 500.

Spectrum Brands Q4 Preview: Triple-Digit Earnings Growth in Store?

MIDDLETON, Wis.--( BUSINESS WIRE )--Spectrum Brands Holdings, Inc. (NYSE: SPB) announces new record date of November 28, 2022 for its previously announced quarterly dividend. The amount of the dividend remains $0.42 per share of Common Stock of the Company, and the payment date remains December 13, 2022.

Spectrum Brands Holdings Declares New Record Date for Quarterly Common Stock Dividend of $0.42 Per Share

Spectrum Brands (SPB) is likely to have seen inflationary pressures, supply-chain issues and adverse currency impacts in Q4. The Global Productivity Improvement Plan and segment strength bode well.

Factors Likely to Influence Spectrum Brands' (SPB) Q4 Earnings

Superior Plus Corp. (OTCPK:SUUIF) Q3 2022 Earnings Conference Call November 10, 2022 10:30 AM ET Company Participants Rob Dorran - Vice President, Capital Markets Luc Desjardins - President & Chief Executive Officer Beth Summers - Executive Vice President & Chief Financial Officer Conference Call Participants Gary Ho - Desjardins Daryl Young - TD Securities Matthew Weekes - iA Capital Markets Joel Jackson - BMO Steven Hansen - Raymond James Robert Catellier - CIBC Operator Good day, and thank you for standing by. Welcome to the Superior Plus 2022 Third Quarter Results Conference Call.

Superior Plus Corp. (SUUIF) Q3 2022 Earnings Call Transcript

Spectrum (SPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spectrum Brands (SPB) Earnings Expected to Grow: Should You Buy?

Spectrum Brands is currently in the process of selling its Hardware & Home Improvement segment but is experiencing pressure from the DOJ. Spectrum has internally carved out its Home & Personal Care segment and is looking to pursue a spin or sale of the segment.

Spectrum Brands: Probability Analysis Shows Market Is Already Pricing Worst Case Scenario

Spectrum Brands Holdings to Report Fiscal 2022 Fourth Quarter Financial Results and Hold Conference Call and Webcast on November 18, 2022

Spectrum Brands shares have fallen nearly 60% year-to-date as the $4.3 billion sale of its hardware & home improvement business is being challenged by the DOJ. Meanwhile, Spectrum's pet care and home & gardening businesses have been challenged by both lower demand and higher input costs.

Spectrum Brands: $7/Share In FCF Without HHI Sale

STOCKHOLM , Oct. 17, 2022 /PRNewswire/ -- Today, ASSA ABLOY formally filed its response to the U.S. Department of Justice´s ("DOJ") complaint to block the proposed acquisition of the Hardware and Home Improvement division ("HHI") of Spectrum Brands. On September 8, 2021, ASSA ABLOY announced it had signed an agreement to acquire the HHI division of Spectrum Brands (NYSE:SPB) for a purchase price of MUSD 4,300 on a cash and debt free basis.

ASSA ABLOY formally responds to the DOJ's complaint to block the acquisition of the Hardware and Home Improvement division

Spectrum Brands Files Answer to the DOJ's Complaint to Block the Sale of its Hardware and Home Improvement Division to ASSA ABLOY

STOCKHOLM , Sept. 15, 2022 /PRNewswire/ -- The U.S. Department of Justice ("DOJ") has announced that it will seek to block ASSA ABLOY´s proposed acquisition of the HHI division of Spectrum Brands.

ASSA ABLOY statement on the U.S. Department of Justice´s opposition to the acquisition of the Hardware and Home Improvement ("HHI") division of Spectrum Brands

Assa Abloy AB

Shares of Spectrum Brands Holdings Inc. SPB, -8.93% dove 8.6% in morning trading Thursday toward a two-year low, after the U.S. Department of Justice sued to block the branded consumer products company's sale of its hardware and home improvement (HHI) business to Sweden-based Assa Abloy AB ASAZY, +2.56% ASSA.B, +2.43% amid competition concerns. Spectrum responded by saying the DOJ's opposition of the sale was "baseless," and "ignores the realities" of the residential security marketplace, which has "many capable and vigorous competitors" and easy entry by new firms.

Spectrum Brands stock dives after DOJ sues to block HHI sale to Assa Abloy

MIDDLETON, Wis.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB, “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it will vigorously oppose the U.S. Department of Justice's (“DOJ”) baseless attempt to block the Company's sale of its Hardware and Home Improvement (“HHI”) business to ASSA ABLOY. Spectrum Brands and ASSA ABLOY are com

Spectrum Brands' Statement on the U.S. Department of Justice's Opposition to the Sale of its Hardware and Home Improvement Division to ASSA ABLOY

Spectrum Brands has 2 hard catalysts in process to unlock value. 1 - SPB is in the process of selling their Hardware & Home Improvement business for a 14x FY21 Adjusted EBITDA. That's a rich price. The transaction will create value.

Spectrum Brands Holdings: 2 Hard Catalysts In Process To Unlock Value

Spectrum Brands Holdings, Inc. (NYSE:SPB ) Q3 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Randal Lewis - EVP & COO Faisal Qadir - VP, Strategic Finance and Enterprise Reporting David Maura - Executive Chairman & CEO Jeremy Smeltser - EVP & CFO Conference Call Participants Olivia Cheang - Raymond James & Associates Ian Zaffino - Oppenheimer Peter Grom - UBS Christopher Carey - Wells Fargo Securities William Reuter - Bank of America Merrill Lynch Robert Labick - CJS Securities Operator Good day and thank you for standing by. Welcome to the Spectrum Brands Fiscal Third Quarter 2022 Earnings Conference Call.

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