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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, a global branded consumer products company, will release its fiscal 2023 second quarter financial results for the period ending April 2, 2023, on May 12, 2023, before market opening. An accompanying live conference call will be held at 9:00 a.m. ET, featuring Executive Chairman and CEO David Maura and CFO Jeremy Smeltser. Interested participants can access the webcast and presentation slides through the Spectrum Brands Investor Relations website. The replay will also be available post-call.
Spectrum Brands is renowned for its diverse portfolio that includes trusted brands across pet supplies, home pest control, personal care, and small household appliances.
Spectrum Brands Holdings reported a 5.8% decline in net sales, totaling $713.3 million for Q1 2023, primarily due to lower replenishment orders and slower holiday retail sales. The company incurred a net loss of $40 million and an adjusted EBITDA of $39.8 million, reflecting a 19.3% decrease year-over-year. Spectrum anticipates collecting $4.3 billion from the pending sale of its HHI division by June 2023. Despite the challenges, the company expects net sales to remain flat for the fiscal year while maintaining a low double-digit adjusted EBITDA growth expectation.
Spectrum Brands Holdings announced a quarterly dividend of $0.42 per share on its common stock. The dividend will be paid on March 14, 2023, to shareholders of record by February 21, 2023. The company emphasizes its commitment to home essentials through innovative products across various categories, including pet supplies, home care, and personal care. With a diverse portfolio of trusted brands, Spectrum Brands aims to enhance consumers' lives at home, reinforcing its market position.
Spectrum Brands Holdings, Inc. (NYSE: SPB) will release its fiscal 2023 first quarter financial results on February 10, 2023, before the market opens. The results will cover the period ending January 1, 2023. Following the release, Spectrum Brands will host a live conference call and webcast at 9:00 a.m. Eastern Time, featuring Executive Chairman David Maura and CFO Jeremy Smeltser. A replay of the call will be available afterward. Spectrum Brands is known for its diverse range of consumer products, including pet supplies, home pest control, and personal care items. For further details, visit their website.
Spectrum Brands Holdings (NYSE: SPB) reiterated its commitment to completing the $4.3 billion sale of its Hardware and Home Improvement segment to ASSA ABLOY, despite a DOJ lawsuit aimed at blocking the deal. CEO David Maura emphasized the sale will enhance consumer choice and innovation in the home security market. Concurrently, ASSA ABLOY will divest certain businesses to Fortune Brands to alleviate competition concerns. Both transactions are expected to close in Q2 2023 following legal proceedings.
Spectrum Brands Holdings reported a 1.1% decrease in net sales for Q4 FY2022, with a net loss of $24.8 million. Adjusted EBITDA declined to $74.7 million, impacted by currency fluctuations and a challenging retail environment. Looking ahead, the company expects low single-digit net sales growth and low double-digit EBITDA growth for FY2023. Spectrum Brands anticipates over $200 million in inventory reduction and plans to collect $4.3 billion from the sale of HHI by June 2023.
Spectrum Brands Holdings (NYSE: SPB) has announced a new record date of November 28, 2022 for its quarterly dividend of $0.42 per share. The payment date is set for December 13, 2022. This dividend distribution reflects the company’s commitment to returning value to its shareholders.
Spectrum Brands Holdings (NYSE: SPB) will announce its fiscal 2022 fourth quarter financial results for the period ending September 30, 2022 on November 18, 2022, before market open. A live conference call will follow at 9:00 a.m. ET, hosted by Executive Chairman David Maura and CFO Jeremy Smeltser. Interested parties can access the webcast via the company's Investor Relations website. A replay will be available post-call.
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