STOCK TITAN
  1. Home
  2. News
  3. SPB

Spectrum Brands Holdings, Inc. - SPB STOCK NEWS

Welcome to our dedicated page for Spectrum Brands Holdings news (Ticker: SPB), a resource for investors and traders seeking the latest updates and insights on Spectrum Brands Holdings 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.

News

Spectrum Brands Holdings to Report Fiscal 2023 Fourth Quarter Financial Results and Hold Conference Call and Webcast on November 17, 2023

Rhea-AI Summary
Spectrum Brands Holdings, Inc. will release its fiscal 2023 Q4 financial results on November 17. A live conference call and webcast will be hosted by the CEO and CFO. The replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
conferences earnings
-
News

Spectrum Brands Holdings Reports Fiscal 2023 Third Quarter Results

Rhea-AI Summary
Spectrum Brands Holdings, Inc. reported results for Q3 2023, including a net sales decrease of 10.1% and a net loss from continuing operations of $172.2 million. The company completed the sale of HHI for $4.3 billion and repaid $1.55 billion of outstanding debt. They ended the quarter with $2.9 billion of cash and $2.1 billion of debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
earnings
-
News

Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.42 Per Share

Rhea-AI Summary
Spectrum Brands Holdings, Inc. (SPB) declares a quarterly dividend of $0.42 per share, payable on September 19, 2023, to shareholders of record as of August 29, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
dividends
News

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

Rhea-AI Summary
Spectrum Brands Holdings, Inc. (NYSE: SPB) will release its fiscal 2023 third quarter financial results on August 11, 2023. The live conference call and webcast will be hosted by David Maura, Executive Chairman and CEO, and Jeremy Smeltser, EVP and CFO. Participants can register for the call on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
conferences earnings
-
News

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

Rhea-AI Summary
Spectrum Brands Holdings, Inc. has completed the sale of its Hardware and Home Improvement business to ASSA ABLOY for $4.3 billion in cash. The net proceeds from the sale are expected to be approximately $3.6 billion after taxes, fees, and adjustments. Spectrum Brands plans to use the proceeds to reduce its indebtedness, fund M&A activities, and return capital to stockholders. The company also intends to become a faster growing, higher margin, pure play Global Pet Care and Home & Garden company by separating its Home & Personal Care business in the medium term. Spectrum Brands will repay its outstanding loans and redeem its 5.75% Notes due July 15, 2025. The company's Board of Directors has approved a new stock repurchase program of up to $1 billion. After paying down debt and funding the share repurchase, Spectrum Brands expects to be at a net cash position by the end of fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
-
News

ASSA ABLOY receives clearance from Mexico for the acquisition of HHI

Rhea-AI Summary
ASSA ABLOY has received clearance from the Mexican competition authority to acquire Spectrum Brands' Hardware and Home Improvement division. The HHI acquisition is expected to close by the end of June 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
acquisition
News

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

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
-
News

Spectrum Brands Holdings Reports Fiscal 2023 Second Quarter Results

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
earnings
-
News

Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.42 Per Share

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
dividends
News

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

Rhea-AI Summary
ASSA ABLOY has reached a settlement agreement with the U.S. Department of Justice regarding its acquisition of Spectrum Brands' Hardware and Home Improvement division. As part of the settlement, ASSA ABLOY will divest Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. The HHI acquisition is expected to close by the end of June 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition

FAQ

What is the current stock price of Spectrum Brands Holdings (SPB)?

The current stock price of Spectrum Brands Holdings (SPB) is $85.43 as of December 20, 2024.

What is the market cap of Spectrum Brands Holdings (SPB)?

The market cap of Spectrum Brands Holdings (SPB) is approximately 2.4B.

What does Spectrum Brands Holdings, Inc. do?

Spectrum Brands Holdings, Inc. is a global consumer products company offering a broad range of essential products including consumer batteries, locksets, grooming items, pet supplies, and more.

Which segments does Spectrum Brands manage its businesses through?

Spectrum Brands manages its businesses through three key segments: Home and Personal Care, Global Pet Care, and Home and Garden.

Where are Spectrum Brands' products available?

Spectrum Brands' products are available globally, including in North America, Europe, the Middle East & Africa, Latin America, and Asia-Pacific.

Can you name some of the well-known brands under Spectrum Brands Holdings, Inc.?

Some well-known brands under Spectrum Brands include Rayovac®, Varta®, Kwikset®, Weiser®, Baldwin®, Pfister™, Remington®, George Foreman®, Black + Decker®, and more.

Is Spectrum Brands part of any major stock index?

Yes, Spectrum Brands is a member of the Russell 2000 Index.

How does Spectrum Brands ensure it meets consumer needs?

Spectrum Brands offers a broad portfolio of trusted and well-known brands, continuously innovates its product range, and maintains a strong global distribution network.

What recent achievements has Spectrum Brands made?

Recent achievements by Spectrum Brands include launching innovative products and forming strategic partnerships to enhance market presence.

What is the financial condition of Spectrum Brands?

Spectrum Brands has demonstrated resilience and growth potential through its diversified product offerings and extensive global footprint.

How can I stay updated on the latest news from Spectrum Brands?

You can stay updated on the latest news by following Spectrum Brands' official announcements and checking platforms like StockTitan for the latest updates.

What makes Spectrum Brands significant in the consumer market?

Spectrum Brands' significance lies in its wide range of essential consumer products, trusted brands, and its ability to meet diverse consumer needs globally.

Stock SPB logo
Spectrum Brands Holdings, Inc.

NYSE:SPB

SPB Rankings

#1840 Ranked by Market Cap
#1337 Ranked by Dividends

SPB Stock Data

2.38B
27.05M
3.42%
95.69%
4.9%
Household & Personal Products
Miscellaneous Electrical Machinery, Equipment & Supplies
Link
United States of America
MIDDLETON