Welcome to our dedicated page for Spectrum Brands news (Ticker: SPB), a resource for investors and traders seeking the latest updates and insights on Spectrum Brands stock.
Spectrum Brands Holdings, Inc. (symbol: SPB) is a prominent global consumer products company, renowned for its extensive range of market-leading and trusted brands. As a member of the Russell 2000 Index, Spectrum Brands engages in supplying a diverse array of consumer essentials, ensuring they meet the needs of households worldwide.
The company’s core business encompasses the supply of consumer batteries, residential locksets, residential builders’ hardware, plumbing and accessories, shaving and grooming products, personal care items, small household appliances, specialty pet supplies, lawn and garden products, home pest control solutions, personal insect repellents, and auto care goods. With this wide portfolio, Spectrum Brands stands as a critical player in various consumer markets.
Spectrum Brands manages its operations through three key segments: Home and Personal Care, Global Pet Care, and Home and Garden. Its products are manufactured, marketed, and distributed across multiple regions including North America, Europe, the Middle East & Africa, Latin America, and Asia-Pacific.
Among its well-known brands are Rayovac®, Varta®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister™, Remington®, George Foreman®, Black + Decker®, Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, Furminator®, IAMS®, Eukanuba®, Digest-eeze™, Healthy-Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®, Armor All®, STP®, and A/C Pro®.
Recent achievements by Spectrum Brands include the launch of innovative products and strategic partnerships aimed at enhancing their market presence and meeting evolving consumer demands. Financially, Spectrum Brands continues to demonstrate resilience and growth potential, fueled by its diversified product offerings and global footprint.
Latest News: Spectrum Brands Holdings, Inc. continues to be in the spotlight with its latest developments and performance updates. Stay informed on the latest news to keep abreast of the company's progress and significant milestones.
Spectrum Brands Holdings (NYSE: SPB) reported fiscal 2025 first quarter results with net sales increasing 1.2% to $700.2 million and organic sales growth of 1.9%. The company reported net income from continuing operations of $24.6 million, up 40.6% year-over-year, while adjusted EBITDA was $77.8 million.
Key financial highlights include gross profit margin improvement of 140 basis points to 36.8%, and diluted earnings per share from continuing operations increasing 70.6% to $0.87. The company repurchased 0.8 million shares for $72.9 million in Q1, bringing total share repurchases since HHI closure to 15.3 million shares worth $1.2 billion.
Segment performance varied with Home & Garden showing strong growth of 27.9%, Home & Personal Care up 1.4%, while Global Pet Care declined 6.1%. The company maintains its fiscal 2025 outlook, expecting low single-digit net sales growth and mid to high single-digits adjusted EBITDA growth, targeting ~50% conversion of adjusted EBITDA to adjusted free cash flow.
Spectrum Brands Holdings (NYSE: SPB) has declared a quarterly dividend of $0.47 per share on its Common Stock. The dividend will be paid on March 11, 2025, to shareholders of record as of February 18, 2025.
Spectrum Brands is a home-essentials company focused on delivering innovative products for home use through trusted brands. The company is a leading supplier of specialty pet supplies, lawn and garden products, home pest control, personal care items, and small household appliances. Their portfolio includes well-known brands such as Tetra, DreamBone, Nature's Miracle, Spectracide, Remington, George Foreman, and BLACK + DECKER.
Spectrum Brands Holdings (NYSE: SPB) has announced it will release its fiscal 2025 first quarter financial results for the period ended December 29, 2024, before markets open on February 6, 2025. The company will host a live conference call and webcast at 9:00 a.m. Eastern Time, led by Executive Chairman and CEO David Maura and CFO Jeremy Smeltser.
The presentation slides and webcast will be available through the Event Calendar page in the Investor Relations section of Spectrum Brands' website. A replay of the broadcast will be accessible afterward through the same platform.
Spectrum Brands is a home-essentials company that supplies specialty pet supplies, lawn and garden products, pest control items, personal care products, and small household appliances under various trusted brands including Tetra, DreamBone, Spectracide, Remington, and BLACK + DECKER.
Spectrum Brands Holdings (NYSE: SPB) reported strong fiscal 2024 fourth quarter results with net sales increasing 4.5% to $773.7 million and organic net sales growing 4.8%. The company achieved net income of $12.8 million and Adjusted EBITDA of $68.9 million, despite $25.9 million in incremental brand investments. For the full year, net sales grew 1.5% with Adjusted EBITDA of $371.8 million. The company returned $482.7 million to shareholders through share repurchases and increased its quarterly dividend by 12% to $0.47. Looking ahead to fiscal 2025, SPB expects low single-digit net sales growth and mid to high single-digit Adjusted EBITDA growth.
Spectrum Brands Holdings (NYSE: SPB) announced a 12% increase in its quarterly dividend, raising it to $0.47 per share on Common Stock. The new dividend rate represents an annualized dividend yield of 2% based on the current stock price. The dividend will be payable on December 17, 2024, to shareholders of record as of November 26, 2024. Spectrum Brands is a home-essentials company that supplies specialty pet supplies, lawn and garden products, pest control items, personal care products, and small household appliances under various well-known brands.
Spectrum Brands Holdings (NYSE: SPB) has announced it will release its fiscal 2024 fourth quarter financial results on November 15, 2024, before markets open. The company will host a live conference call and webcast at 9:00 a.m. Eastern Time, led by CEO David Maura and CFO Jeremy Smeltser. The presentation will be accessible through the company's website investor relations section, with a replay available afterward.
Spectrum Brands Holdings reported a 6.0% increase in net sales for Q3 FY2024, driven by favorable weather and improved inventory health in the Home & Garden business. Net income from continuing operations reached $19.1 million, with adjusted EBITDA at $106.3 million. Excluding investment income, adjusted EBITDA was $93.6 million. The company improved its capital structure by repaying $1.174 billion in senior unsecured bonds and issuing $350 million in new bonds with a 3.375% coupon.
Key highlights:
- Gross profit increased to $302.8 million, a 14.9% rise.
- Gross profit margin improved by 310 basis points to 38.9%.
- Adjusted EBITDA margins excluding investment income were 12.0%.
- $500 million share repurchase authorization approved; 1.6 million shares repurchased for $142 million in Q3.
For FY2024, Spectrum Brands expects net sales to remain flat but anticipates a 20% growth in adjusted EBITDA, excluding investment income. E-commerce sales grew over 20%, now representing more than 21% of quarterly sales. The company is also pursuing a sale, merger, or spin-off of its Home and Personal Care segment.
Spectrum Brands Holdings (NYSE: SPB) has declared a quarterly dividend of $0.42 per share on its Common Stock. The dividend is payable on September 24, 2024 to shareholders of record as of August 27, 2024. Spectrum Brands is a home-essentials company focusing on delivering innovative products and solutions for use in and around the home through trusted brands. The company is a leading supplier of specialty pet supplies, lawn and garden products, home pest control products, personal care items, and small household appliances. Its portfolio includes well-known brands such as Tetra, DreamBone, Spectracide, Remington, and BLACK + DECKER.
Spectrum Brands Holdings (NYSE: SPB) has announced it will release its fiscal 2024 third quarter financial results on August 8, 2024, before the markets open. The company will conduct a live conference call and webcast at 9:00 a.m. Eastern Time on the same day. The event will be hosted by David Maura, Executive Chairman and CEO, and Jeremy Smeltser, Executive VP and CFO.
Investors can access the webcast and presentation slides through the Event Calendar page in the Investor Relations section of Spectrum Brands' website. A replay of the broadcast will be available after the call. Spectrum Brands is a home-essentials company focusing on delivering innovative products for use in and around the home through trusted brands.
Spectrum Brands Holdings (NYSE: SPB) has filed a confidential Form 10 registration statement with the SEC for the spin-off of its Home & Personal Care (HPC) business. The filing signifies a significant step in separating HPC from its other businesses, potentially through a spin-off, sale, or merger. Spectrum Brands emphasizes that the filing does not obligate them to complete the spin-off or any other transaction. The company is known for its broad portfolio of trusted brands in pet supplies, lawn and garden products, pest control, personal care, and small household appliances.
FAQ
What is the current stock price of Spectrum Brands (SPB)?
What is the market cap of Spectrum Brands (SPB)?
What does Spectrum Brands Holdings, Inc. do?
Which segments does Spectrum Brands manage its businesses through?
Where are Spectrum Brands' products available?
Can you name some of the well-known brands under Spectrum Brands Holdings, Inc.?
Is Spectrum Brands part of any major stock index?
How does Spectrum Brands ensure it meets consumer needs?
What recent achievements has Spectrum Brands made?
What is the financial condition of Spectrum Brands?
How can I stay updated on the latest news from Spectrum Brands?
What makes Spectrum Brands significant in the consumer market?
