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Spectrum Brands - SPB STOCK NEWS

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.

Overview

Spectrum Brands Holdings Inc is a diversified global consumer products and home essentials company that manufactures, markets, and distributes an extensive range of products. With a portfolio that spans across essential consumer batteries, residential locksets, builders’ hardware, grooming products, personal care items, and a variety of home maintenance and pet care products, Spectrum Brands has established a significant presence in the consumer goods industry. Combining traditional manufacturing with modern supply chain strategies, the company serves regions worldwide including North America, Europe, the Middle East and Africa, Latin America, and Asia-Pacific.

Business Segments

Spectrum Brands operates through distinct yet complementary business segments, each designed to address specific consumer needs:

  • Home and Personal Care: This segment includes a wide range of products such as personal care articles, grooming solutions, household appliances, and residential hardware that cater to everyday home and lifestyle needs.
  • Global Pet Care: Focusing on the well-being of pets, this segment offers specialty pet supplies that are designed with the quality and reliability that pet owners expect from trusted brands.
  • Home and Garden: Encompassing products for maintaining home environments, this segment includes home pest control items, insect repellents, and outdoor garden solutions that help consumers manage their living spaces effectively.

Market Position and Competitive Landscape

As a major player in the consumer products industry, Spectrum Brands distinguishes itself by leveraging a long-term history of building and nurturing trusted brands. Its market position is defined by its diversified product offerings and its ability to meet the varying demands of a global consumer base. The company’s extensive product portfolio, which includes household essentials and specialized care items, is recognized for quality and reliability. In a competitive environment with many companies serving the home essentials sector, Spectrum Brands’ focus on diversified revenue streams, efficient manufacturing processes, and an expansive distribution network enables it to address the needs of a broad market segment effectively.

Operational Excellence and Brand Trust

The operational model of Spectrum Brands is characterized by an integrated approach to manufacturing, marketing, and distribution. By maintaining strong relationships with suppliers and retailers across different regions, the company ensures that its products are readily available to consumers worldwide. The expertise in managing brand portfolios is evident in the careful balance between innovation in product development and maintaining the traditional quality that has earned consumer trust over the years. This dual focus reinforces the company’s reputation and underpins its position as a key supplier in the consumer goods space.

Industry Keywords and Terminology

Throughout its operations, Spectrum Brands utilizes industry-specific terminology and practices that bolster its strategic market positioning. The incorporation of keywords such as diversified portfolio, global supply chain, and consumer essentials is intrinsic to its operational narrative. These terms not only define the company’s business model but also communicate its dedication to quality and efficiency in a language that resonates with industry analysts, investors, and consumers alike.

Strategic Approach to Consumer Needs

The company takes a consumer-centric approach, focusing on delivering products that solve daily problems and enhance lifestyle convenience. Whether through everyday household items or specialty products in the pet care and personal grooming categories, Spectrum Brands is committed to balancing quality with value. Each product line is designed to address specific consumer needs in a way that aligns with broader market trends, backed by decades of experience and a commitment to maintaining the integrity of its diverse brand portfolio.

Conclusion

In summary, Spectrum Brands Holdings Inc exemplifies a diversified, operationally robust consumer products company. Its strategic segmentation into Home and Personal Care, Global Pet Care, and Home and Garden allows it to cater to a wide range of consumer needs while maintaining a solid global presence. With a clear business model driven by manufacturing excellence, marketing acumen, and an extensive distribution network, Spectrum Brands continues to sustain its trusted market position. The company serves as a reliable source for everyday consumer essentials, earning a reputation for quality and reliability that is deeply embedded in the consumer products industry.

Rhea-AI Summary
Spectrum Brands Holdings, Inc. (NYSE: SPB) will release its fiscal 2024 first quarter financial results on February 8, 2024. The live conference call and webcast will be hosted by David Maura, Executive Chairman and CEO, and Jeremy Smeltser, EVP and CFO. The company is focused on driving innovation and exceptional customer service.
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Spectrum Brands Holdings, Inc. (NYSE: SPB) reported a 1.2% decrease in net sales driven by slower category POS and planned exit of non-strategic categories. Fourth quarter net income from continuing operations was $53.5 million with adjusted EBITDA of $113.7 million. The company expects low single-digit net sales decline and high single-digit adjusted EBITDA growth for fiscal 2024, with growth in all business units.
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Spectrum Brands Holdings, Inc. (NYSE: SPB) Declares Quarterly Dividend of $0.42 Per Share
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

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

The current stock price of Spectrum Brands (SPB) is $59.81 as of April 18, 2025.

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

The market cap of Spectrum Brands (SPB) is approximately 1.6B.

What are the main business segments of Spectrum Brands?

Spectrum Brands operates through Home and Personal Care, Global Pet Care, and Home and Garden segments to cater to diverse consumer needs.

How does Spectrum Brands generate its revenue?

The company generates revenue by manufacturing, marketing, and distributing a wide range of consumer products across global markets.

Which regions does Spectrum Brands serve?

Spectrum Brands serves multiple regions including North America, Europe, the Middle East and Africa, Latin America, and Asia-Pacific.

What types of products does Spectrum Brands offer?

Its product offerings include consumer batteries, residential hardware, personal care, pet supplies, home pest control, and many other home essentials.

How does Spectrum Brands differentiate itself in the competitive market?

The firm differentiates itself through a diversified product portfolio, efficient global distribution, robust manufacturing practices, and a strong focus on trusted brand names.

What keywords best describe Spectrum Brands' business?

Key industry terms include diversified portfolio, global supply chain, and consumer essentials, which emphasize its comprehensive market approach.

How does the company maintain its brand trust?

Spectrum Brands maintains brand trust by delivering high-quality, reliable products across its various segments, supported by decades of industry experience.

What is the significance of Spectrum Brands' global distribution network?

Its global distribution network ensures widespread availability of products, allowing the company to meet diverse consumer needs efficiently in multiple regions.
Spectrum Brands

NYSE:SPB

SPB Rankings

SPB Stock Data

1.62B
25.27M
3.97%
99.58%
5.57%
Household & Personal Products
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