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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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.

Spectrum Brands exceeds Q4 expectations, eyes growth amidst challenges

Spectrum Brands' Q4 2024 performance reflects financial resilience and strategic focus on growth. Despite challenges in certain segments, the company is well-positioned for future opportunities through investments in innovation and brand building. Shareholders can expect continued value through dividend increases and potential business realignment.

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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.

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 third quarter of fiscal 2023 ended July 2, 2023. “I am proud of our global Spectrum Brands team for all their efforts and tireless dedication to the Company. We have been challenged.

Spectrum Brands Holdings Reports Fiscal 2023 Third Quarter Results

Spectrum Brands' (SPB) Q3 results are likely to have gained from The Global Productivity Improvement Plan and streamlining efforts. However, weak demand and adverse currency are anticipated to have been concerning.

Factors Likely to Influence Spectrum Brands' (SPB) Q3 Earnings

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, announced today it will release its fiscal 2023 third quarter financial results for the period ended July 2, 2023 before the markets open on Friday, August 11. Spectrum Brands will conduct a live conference call and live webcast on August 1.

Spectrum Brands Holdings to Report Fiscal 2023 Third Quarter Financial Results and Hold Conference Call and Webcast on August 11, 2023

Spectrum Brands Holdings Inc. is expected to see revenue growth in FY2024 as it transitions into a pure-play Pet, Home & Garden company, following the sale of its Hardware & Home Instrument segment. The company's margins are expected to recover in the second half of fiscal 2023 due to low-cost inventory, moderating inflation, and productivity gains. Despite recent sales declines, the company's stock is seen as an attractive investment opportunity due to its discounted trading price and promising long-term.

Spectrum Brands Holdings: Good Growth Prospects

Spectrum Brands (SPB) is poised to benefit from strategic transformation initiatives and cost-management actions. However, soft product demand is concerning.

Here's Why Spectrum Brands (SPB) is Marching Ahead of Industry

Spectrum Brands (SPB) concludes the sale of its Hardware and Home Improvement business in a cash transaction. The deal has been announced in September 2021.

Spectrum Brands (SPB) Sells HHI Unit, On Track With Transformation

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 the closing of the previously announced sale of the Company's Hardware and Home Improvement business (“HHI”) to ASSA ABLOY for $4.3 billion in cash, prior to customary purchase price adjustments. David Maura, Spectrum Brands.

Spectrum Brands Completes Sale of Hardware and Home Improvement Business for $4.3 Billion

Spectrum Brands (SPB) is poised to benefit from strategic transformation initiatives, cost management actions and shareholder-friendly policies. However, soft product demand remains a concern.

Spectrum Brands (SPB) Exhibits Bright Prospects Amid Headwinds

Spectrum Brands' (SPB) much-awaited HHI segment sale receives clearance from the Mexico authority. It will close the deal on or before Jun 30.

Spectrum Brands (SPB) Gets Mexico Authorities' Nod for HHI Sale

STOCKHOLM , June 5, 2023 /PRNewswire/ -- Today, ASSA ABLOY has received clearance from the Mexican competition authority to acquire Spectrum Brands' Hardware and Home Improvement division ("HHI"). Following the clearance from the Mexican competition authority, the HHI acquisition remains subject to customary closing conditions.

ASSA ABLOY receives clearance from Mexico for the acquisition of HHI

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 has received clearance from the Mexican competition authority to sell the Company's Hardware and Home Improvement segment (“HHI”) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments. The approval.

Spectrum Brands Receives Clearance from Mexico to Complete the Sale of HHI

Analysts at Canaccord Genuity (TSX:CF, LSE:CF) remain positive on Spectrum Brands Holdings despite the company reporting underwhelming second quarter results and cutting its full-year 2023 guidance for the second time in as many quarters. The analysts increased their price target from $82 to $87 with a ‘Buy' rating.

Spectrum Brands earns price target raise on view underwhelming 2Q performance is ‘temporary'

Spectrum Brands' (SPB) Q2 results are hurt by lower first-half demand, inventory reduction and currency headwinds. However, pricing actions and cost-cutting efforts are upsides.

Spectrum Brands (SPB) Posts Narrower Q2 Loss, Misses on Sales

Spectrum Brands Holdings, Inc. (NYSE:SPB ) Q2 2023 Earnings Conference Call May 12, 2023 9:00 AM ET Company Participants David Maura - CEO Jeremy Smeltser - CFO Faisal Qadir - VP of Strategic Finance & Enterprise Reporting Conference Call Participants Peter Grom - UBS Bob Labick - CJS Securities Olivia Tong - Raymond James Chris Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer & Co. Brian McNamara - Canaccord Genuity Steve Powers - Deutsche Bank Michael O'Brien - Wolfe Research Operator Good day, and thank you for standing by. Welcome to the Spectrum Brands Holdings, Inc. Second Quarter 2023 Earnings Conference Call.

Spectrum Brands Holdings, Inc. (SPB) Q2 2023 Earnings Call Transcript

Consumer products-maker Spectrum Brands Holdings, Inc. (NYSE:SPB) reported a fiscal second-quarter loss of $53.7 million, or $1.31 per share, on revenue of $729.2 million. However, the loss was better than analysts' expectations, while revenue fell short.

Spectrum Brands misses on fiscal 2Q revenue on weakness in Home and Garden segment

Spectrum Brands (SPB) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.41 per share a year ago.

Spectrum Brands (SPB) Reports Q2 Loss, Lags Revenue Estimates

Spectrum Brands (NYSE: SPB ) reported results for its fiscal second quarter this morning. Spectrum Brands reported a loss per share of 14 cents.

SPB Stock Earnings: Spectrum Brands Misses EPS, Revenue Estimates

Spectrum Brands Holdings Inc. SPB, -0.32% posted a narrower-than-expected loss for its fiscal second quarter on Friday, but sales fell below consensus estimates. The Middleton, Wis.

Spectrum Brands posts narrower-than-expected loss but sales fall short due to weakness in home and garden segment

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 second quarter of fiscal 2023 ended April 2, 2023. "I am pleased to announce that with the settlement agreement with the DOJ, we have reached a critical milestone in the completion o.

Spectrum Brands Holdings Reports Fiscal 2023 Second Quarter Results

Spectrum Brands Holdings has done quite well for itself recently, with shares rising thanks to the regulatory picture facing the company clearing up. With only one more hurdle in the way, the company is on the path to sell one of its units for $4.3 billion.

Spectrum Brands Holdings: Latest Regulatory Green Light Is Bullish For Shareholders

Spectrum Brands (SPB) is likely to have seen high inventory, dismal demand and adverse currency impacts in Q2. The Global Productivity Improvement Plan bodes well.

Factors Likely to Affect Spectrum Brands' (SPB) Q2 Earnings

STOCKHOLM, May 6, 2023 /PRNewswire/ -- Today, ASSA ABLOY and the U.S. Department of Justice ("DOJ") have reached a settlement agreement related to ASSA ABLOY's acquisition of Spectrum Brands' Hardware and Home Improvement division ("HHI"). The settlement will put an end to the trial proceedings of the District Court for the District of Columbia.

ASSA ABLOY and the DOJ reach a settlement regarding the HHI acquisition

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 has agreed to a stipulation with the U.S. Department of Justice (the “DOJ”) to settle the DOJ's challenge of ASSA ABLOY's acquisition of the Company's Hardware and Home Improvement segment (“HHI”). As previously anno.

Spectrum Brands and the DOJ Reach a Settlement Regarding the HHI Acquisition

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.

Analysts Estimate Spectrum Brands (SPB) to Report a Decline in Earnings: What to Look Out for

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